Home / M&A Activity / CGI Adds Asset Mgmt Offering Through Sunflower Systems Purchase; Tim Hurlebaus Quoted

CGI Adds Asset Mgmt Offering Through Sunflower Systems Purchase; Tim Hurlebaus Quoted

Jeff Brody
Tim Hurlebaus

CGI (NYSE: GIB) has bought San Ramon, Calif.-based asset management products and services provider Sunflower Systems, also known as Annams Systems Corp.

Both companies agreed on the merger Aug. 27 and finalized the combination Friday, CGI said Tuesday.

The combined firm will offer an integrated platform to help public and private sector customers manage assets, finance and acquisitions.

Tim Hurlebaus, president of CGI's federal arm and a 2019 Wash100 winner, said the merger aligns with the company's Build and Buy strategy and provides an opportunity for the company to expand information technology offerings in the government and commercial markets.

Sunflower's asset management offering will be a component of Momentum, an enterprise resource planning system designed to support federal accounting and acquisition management functions.

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