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Tag Archives: NYSE: GIB

CGI Approved for $76M Cloud Computing Infrastructure Contract; George Schindler Comments

  CGI Federal Inc. (NYSE: GIB) has been cleared to receive awards under the U.S. General Services Administration $76 million blanket purchase agreement for cloud computing infrastructure, virtualization and web hosting. CGI met all of the BPA’s technical, management and security requirements and is immediately eligible to provide services to federal, ...

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CGI, Oracle Collaborate to Provide Tax, Revenue Agencies With System Architecture

CGI Group, Inc. (NYSE: GIB) will collaborate with Oracle (NASDAQ: ORCL) to offer tax and revenue agencies  two built-for-government software products. The software products are: CGI’s Computer Assisted Collection System for Government  Oracle Enterprise Taxation and Policy Management CGI said the complementary products create a service-oriented infrastructure, which fully supports tax administration and lowers ...

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CGI Subsidiary Wins Order on $2.8B State Department IDIQ; Schindler Comments

The U.S. State Department‘s bureau of consular affairs has awarded CGI Federal Inc.‘s (NYSE: GIB) subsidiary Stanley Associates, Inc. a $26 million task order for visa services. The order is under the department’s global support strategy indefinite-delivery/indefinite-quantity award, which has a $2.8 billion ceiling over ten years. The firm-fixed-price order has ...

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CGI to Provide Health Insurance Exchange IT Framework to New England Region

CGI Group Inc. (NYSE: GIB) will provide the Commonwealth of Massachusetts with a regional flexible health insurance exchange IT framework as the business process redesign services contractor for the Collaborative Insurance Exchange Systems project. The Commonwealth and the University of Massachusetts Medical School lead the multistate project, which is funded by Center for Consumer Information and Insurance ...

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CGI Group to Raise $475M in Debt Financing

CGI Group Inc. (NYSE: GIB) has entered a $475 million debt placement with six U.S. private investors. The company will use some placement proceeds to pay down part of the its revolving term facility, which matures in August 2012. The placement has three tranches of guaranteed senior unsecured notes. The tranches ...

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CGI’s Stanley Wins Spot on $2.5 Billion Army Project

CGI Federal-subsidiary Stanley Associates claimed a spot on the Army’s Operations, Planning, Training and Resource Support Services II prime contract. The deal includes a with a one-year base term and four, one-year option periods, for a total value of $2.5 billion. “We are proud to be selected to provide the ...

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