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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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September 1, 2015
08:30 EDTGIBCGI Group awarded five-year contract from US Army Sustainment Command
CGI announced that it has won a five-year contract with the U.S. Army Sustainment Command for software development and support of the Integrated Materiel Management Operations Systems application suite. The base year has been incrementally funded at US$3.1 million. If all options are exercised, the contract value will be $55.8M with a completion of date July 31, 2020. The work will be performed in Alexandria, Virginia and at multiple locations within the continental United States and overseas.
August 31, 2015
07:31 EDTGIBArcelorMittal Bremen renews partnership with CGI Group
ArcelorMittal Bremen, a subsidiary of ArcelorMittal (MT), has renewed its partnership with CGI. ArcelorMittal Bremen outsourced its IT to CGI five years ago, and, since then, CGI has managed the company's two data centers in Bremen, provided IT infrastructure support, and maintained all applications predominantly developed by ArcelorMittal Bremen, as well as other warehousing and automated production control systems. In addition, CGI provides field service support for approximately 2,000 Windows end-user systems. CGI's scope of activities for ArcelorMittal Bremen has expanded considerably over the course of the engagement. CGI was given, for example, responsibility for an additional 180 production control systems. In fact, the contract volume has doubled in size.
August 24, 2015
07:35 EDTGIBCGI wins GBP186M contract with Edinburgh
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August 20, 2015
08:31 EDTGIBCGI Group wins $124M Army Intelligence contract re-compete
CGI has won a $124M, five-year contract - one base plus four option years - with the U.S. Army Training and Doctrine Command Intelligence Directorate for program management and technical support of core functions and operating environment.
August 18, 2015
09:01 EDTGIBCGI Group and Northern Savings Credit Union enter into outsourcing agreement
CGI and Northern Savings Credit Union have entered into a 10-year agreement for the outsourcing of core banking services. In addition, CGI entered into a definitive agreement to acquire the business of Solutions Only Financial Solutions, a Northern Savings indirect subsidiary, which will augment CGI's industry-leading banking solutions portfolio and strategy of providing clients with high-value IP-based services. The closing of the transaction is subject to customary closing conditions. As part of the acquisition, 31 Solutions Only employees will join CGI.

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