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Stock Market & Financial Investment News

News Breaks
July 8, 2014
08:36 EDTGIBCGI Group selected as prime contractor for GSA OASIS contract
CGI Federal announced that the General Services Administration, or GSA, has chosen the company as a prime contractor under a new contract vehicle known as One Acquisition Solution for Integrated Services, or OASIS. The multi-award contract has an unlimited ceiling, allowing CGI to compete for billions of dollars in complex professional services task orders across all agencies in the U.S. federal government. GSA oversees the business of the federal government, among other things supplying federal purchasers with cost-effective, high-quality products and services from commercial vendors. CGI is one of 74 awardees under OASIS, an indefinite delivery indefinite quantity, or IDIQ, contract that will allow awardees to compete on a range of program management, management consulting, logistics, engineering, scientific and financial management services. Awardees will also be able to offer technology solutions as an ancillary service. For the first time, agencies will be able to purchase high-value professional services along with supporting IT solutions through a single contract, saving customers time and money.
News For GIB From The Last 14 Days
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May 21, 2015
08:29 EDTGIBCGI partners with MMSA to offer CGI Advantage360 solution
CGI announced that it is partnering with the Michigan Municipal Services Authority to offer CGI Advantage360, a software as a service enterprise resource planning solution, to multiple Michigan localities. Initial clients under the new agreement are the City of Grand Rapids, which signed a $6.5M, five-year contract, and Kent County, which signed a $6M, five-year contract. The State of Michigan contracted with CGI in June 2014 to utilize CGI AdvantageŽ for state-wide financial management. CGI was selected by the MMSA through Michigan's MiDEAL initiative, an extended purchase program allowing local government entities to use state contracts for purchasing goods and services.
May 20, 2015
08:34 EDTGIBCGI Group and Baseline Telematics partner for insurance platform
CGI has joined forces with Baseline Telematics, a provider of usage-based insurance solutions, to integrate Baseline's end-to-end UBI platform with CGI's Ratabase rating engine. Baseline Telematics' UBI platform helps a smartphone app or a small device plugged into a policyholder's car provides real-time information on location, mileage, speed, sudden acceleration, braking, etc. to insurers, enabling them to rate and invoice insurance policies on a variable monthly basis.

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