CGI Group Inc. announced a 10-year contract worth $395 million with the U.S. Department of State and U.S. Agency for International Development.
The deal will see the Montreal-based company provide tech support to the agencies’ 5,000 Joint Financial Management System (JFMS) program users posted in more than 300 locations around the world.
JFSM is based on CGI’s Momentum software and is used to manage government department domestic and overseas financial activity.
“We are pleased to continue our long-standing partnership with the Department of State and U.S. Agency for International Development,” said George Schindler, president of CGI Federal Inc.
“We look forward to continuing to help both agencies achieve their goals for maximizing the synergies between their business and IT capabilities in support of their core diplomatic and development missions.”
CGI is a leading independent information technology firm with clients in North America, Europe and parts of Asia.
Shares of CGI were slightly lower on the TSX Tuesday, trading at about $14.50.
