New York, New York, August 10, 2005 – CGI-AMS Inc., the wholly-owned U.S. operating subsidiary of CGI Group Inc. (TSX: GIB.SV.A; NYSE: GIB), today announced that it has completed the acquisition of MPI Professionals. Founded in 2001, MPI is a privately-held, Manhattan-based consulting and systems integration firm with revenues of US$17 million.
MPI specializes in project management, compliance, convergence, risk management and straight-through processing for the financial services sector with a specific focus in capital markets. MPI employs 80 senior-level professionals.
�In order to continue to meet our clients evolving requirements, we needed to align ourselves with a company that could help us grow and build upon our services. We also wanted to provide our professionals with expanded career opportunities moving forward. To achieve these goals, we feel strongly that CGI-AMS is the right mix of culture and focus,� said Ron Stein, managing partner of MPI.
George Schindler, senior vice president and head of the CGI-AMS banking practice in New York added: �We are pleased to welcome our new team members to CGI-AMS. We are excited about adding to our existing practice in insurance and banking by bringing in new talent and client relationships that will help us strengthen our practice. New York City, being a locus for major capital markets firms, is certainly an excellent place for us to capitalize on this opportunity.�
CGI-AMS Inc. is the wholly-owned U.S. operating subsidiary of CGI Group Inc. Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in Canada, the US, Europe and India. CGI�s annualized revenue run-rate is currently CDN$3.8 billion (US$3.0 billion) and at June 30, 2005, CGI�s order backlog was CDN$12.9 billion (US$10 billion). CGI�s shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.