FAIRFAX,
Va., Nov. 28, 2023 /PRNewswire/ -- CGI
Federal Inc., the wholly-owned U.S. operating subsidiary of
CGI Inc. (NYSE: GIB) (TSX: GIB.A), announced today its partnership
with All In Solutions LLC, a Service Disabled Veteran and
Woman Owned Small Business, in a mentor-protégé agreement to form
Adcredo IT Solutions. Combining deep federal experience and system
application expertise, the joint venture leverages the
organizations' know how to deliver mission-focused IT solutions on
application and business consulting services that support federal
civilian and defense missions.
"Adcredo IT Solutions brings together two organizations that
share an unwavering commitment to supporting agencies who deliver
services for those who serve and have sacrificed for our country,"
said Alisa Bearfield, Senior
Vice-President and Civilian Business Unit Lead at CGI. "For over 45
years, CGI has supported federal civilian agencies in advancing
their critical missions, enhancing productivity, and ensuring
seamless operations. As the Department of Veterans Affairs (VA)
continues to seek partners to provide state of the art outcomes to
our nation's Veterans, Adcredo is positioned to offer specialized
services that supports its mission."
Created to support federal agencies achieve mission outcomes at
scale, Adcredo leverages complex system integration and
organizational change management experience, including CGI's
multi-year transformation of financial management business
processes at various administrations throughout the VA, coupled
with managed services, AI, and data analytics capabilities to align
with organizations' modernization strategies.
"We are ready to support VA, Department of Defense, and other
federal agency mission enablement needs by advancing their business
objectives and fueling innovation quickly and accurately through
managed services, IT solutions, application development and
sustainment, and strategic initiatives," stated the Hon.
Allison A. Hickey, Brig Gen (USAF
Ret), All In Solutions, LLC CEO and Managing Member of Adcredo IT
Solutions LLC. "As the VA, DoD, and other federal agencies continue
their evolution of system modernization and broader transformation,
they can count on Adcredo to deliver mission results."
To learn more about Adcredo please visit:
http://adcredoit.com/.
About CGI Federal Inc.
CGI Federal Inc. (CGI), a
wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to
partnering with federal agencies to provide solutions for defense,
civilian, healthcare and intelligence missions. Founded in 1976,
CGI Inc. is among the largest IT and business consulting services
firms in the world. With 91,500 consultants and other professionals
across the globe, CGI Inc. delivers an end-to-end portfolio of
capabilities, from strategic IT and business consulting to systems
integration, managed IT and business process services and
intellectual property solutions. CGI Inc. works with clients
through a local relationship model complemented by a global
delivery network that helps clients digitally transform their
organizations and accelerate results. With Fiscal 2023 reported
revenue of C$14.30 billion, CGI Inc.
shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more
at cgi.com.
Forward-looking information and statements
This press
release contains "forward-looking information" within the meaning
of Canadian securities laws and "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and other applicable United
States safe harbors. All such forward-looking information and
statements are made and disclosed in reliance upon the safe harbor
provisions of applicable Canadian and United
States securities laws. Forward-looking information and
statements include all information and statements regarding CGI
Inc.'s intentions, plans, expectations, beliefs, objectives, future
performance, and strategy, as well as any other information or
statements that relate to future events or circumstances and which
do not directly and exclusively relate to historical facts.
Forward-looking information and statements often but not always use
words such as "believe", "estimate", "expect", "intend",
"anticipate", "foresee", "plan", "predict", "project", "aim",
"seek", "strive", "potential", "continue", "target", "may",
"might", "could", "should", and similar expressions and variations
thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI Inc., and which give rise to the
possibility that actual results could differ materially from our
expectations expressed in, or implied by, such forward-looking
information or forward-looking statements. These risks and
uncertainties include but are not restricted to: risks related to
the market such as the level of business activity of our clients,
which is affected by economic conditions, and our ability to
negotiate new contracts; risks related to our industry such as
competition and our ability to attract and retain qualified
employees, to develop and expand our services, to penetrate new
markets, and to protect our intellectual property rights; risks
related to our business such as risks associated with our growth
strategy, including the integration of new operations, financial
and operational risks inherent in worldwide operations, foreign
exchange risks, income tax laws, our ability to negotiate favorable
contractual terms, to deliver our services and to collect
receivables, and the reputational and financial risks attendant to
cybersecurity breaches and other incidents; as well as other risks
identified or incorporated by reference in this press release, in
CGI Inc.'s annual and quarterly MD&A and in other documents
that we make public, including our filings with the Canadian
Securities Administrators (on SEDAR at www.sedar.com) and the
U.S. Securities and Exchange Commission (on EDGAR
at www.sec.gov). Unless otherwise stated, the forward-looking
information and statements contained in this press release are made
as of the date hereof and CGI Inc. disclaims any intention or
obligation to publicly update or revise any forward-looking
information or forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
applicable law. While we believe that our assumptions on which
these forward-looking information and forward-looking statements
are based were reasonable as at the date of this press release,
readers are cautioned not to place undue reliance on these
forward-looking information or statements. Furthermore, readers are
reminded that forward-looking information and statements are
presented for the sole purpose of assisting investors and others in
understanding our objectives, strategic priorities and business
outlook as well as our anticipated operating environment. Readers
are cautioned that such information may not be appropriate for
other purposes. Further information on the risks that could cause
our actual results to differ significantly from our current
expectations may be found in the section titled "Risk Environment"
of CGI Inc.'s annual and quarterly MD&A, which is incorporated
by reference in this cautionary statement. We also caution readers
that the above-mentioned risks and the risks disclosed in CGI
Inc.'s annual and quarterly MD&A and other documents and
filings are not the only ones that could affect us. Additional
risks and uncertainties not currently known to us or that we
currently deem to be immaterial could also have a material adverse
effect on our financial position, financial performance, cash
flows, business or reputation.
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SOURCE CGI Federal, Inc.