SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2002.
CGI Group Inc.
(Translation of Registrant's Name Into English)
1130 Sherbrooke Street West
5th Floor
Montreal, Quebec
Canada H3A 2M8
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F | | Form 40-F |X|
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes | | No |X|
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-___.
Enclosure: Press Release dated February 27, 2002
This Form 6-K shall be deemed incorporated by reference in the Registrant's
Registration Statement on Form S-8, Reg. Nos. 333-13350, 333-6604 and 333-74932.
PRESS RELEASE FOR IMMEDIATE PUBLICATION
CGI renews insurance contracts for business process services
valued at close to US$45 million
Andover, Massachusetts, February 27, 2002 - CGI Group Inc. (NYSE: GIB;
TSE: GIB.A) (CGI) today announced the signing of several contract
renewals, valued at close to US$45 million, providing business
processing services (BPS) to the insurance sector. The insurance clients
have renewed for terms of up to six years utilizing CGI market-proven
services including Massachusetts Auto Processing, Residual Private
Passenger (ARTS) and Commercial Automobile (ICAPS) Processing. These
services provide cost-effective ways of administrating their business,
processing policies, and centralizing data collection.
Outsourced business processing is one of the most rapidly growing areas
in information technology. Companies are concentrating on core business
activities while teaming up with BPS outsourcers, like CGI, in order to
capitalize upon cost savings generated by economies of scale and the
sophisticated execution of operations. By leveraging their industry
knowledge, partnerships and reputation, CGI is uniquely qualified and
positioned to support their clients in highly competitive and tightly
regulated marketplaces.
Richard E. Welch, Jr., president & CEO of the Premier Insurance Company
of Massachusetts said: "Over the many years of partnering with CGI, we
have capitalized upon best-of-breed services, solutions and IT
methodologies, and fine tuned our procedures allowing for optimal
performance, thereby saving us time and money. CGI's presence in the
ever changing Massachusetts automobile market, and their ability to
successfully complete engagements that support our business goals and
objectives, creates the spirit of a true partnership."
CGI is the largest provider of automobile processing services in the
State of Massachusetts, processing over 50% of the state's policies and
over US$1.5 billion in direct written premium. CGI also counts among its
clients 20 of the top 25 insurance carriers in the United States and 17
of the top 25 carriers in Canada. Financial services account for 40% of
CGI's revenue. CGI has developed and hosted several solutions in policy
administration, billing and collections, claims, rating, and e-business
to meet this sector's growing IT needs.
Joseph Saliba, president, Business Processing Services of CGI added:
"The insurance sector is extremely complex and we, as a business and
technology partner, need to fully understand all the rules and
regulations in order to customize our offerings to meet our clients'
specific needs. CGI's strong presence and extensive expertise
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combined with our ongoing involvement with regulatory evolution enable
us to stay tuned with the industry's direction and remain aligned with
our clients' business strategy. Our goal is to stay faithful to
delivering the high quality that characterizes our services."
To learn more about CGI's insurance solutions, please visit
http://www.cgi.ca/cgi/web/jsp/MainPage.jsp?Params=N.US.74000.0&categ=220
About CGI
Founded in 1976, CGI is the fourth largest independent information
technology services firm in North America, based on its headcount of
more than 13,000 professionals. CGI's annualized revenue run-rate totals
US$1.3 billion (CDN$2.1 billion). CGI's order backlog currently totals
US$5.75 billion (CDN$9.2 billion). CGI provides end-to-end IT services
and business solutions to more than 3,000 clients in countries such as
the United States, Canada, the United Kingdom and France from more than
60 offices. CGI's shares are listed on the NYSE (GIB) and the TSE
(GIB.A). They are included in the TSE 100 Composite Index as well as the
S&P/TSE Canadian Information Technology and Canadian MidCap Indices.
Website: www.cgi.ca.
Forward-Looking Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements represent CGI Group Inc.'s
intentions, plans, expectations, and beliefs, and are subject to risks,
uncertainties, and other factors, of which many are beyond the control
of the Company. These factors could cause actual results to differ
materially from such forward-looking statements.
These factors include and are not restricted to the timing and size of
contracts, acquisitions and other corporate developments; the ability to
attract and retain qualified employees; market competition in the
rapidly-evolving information technology industry; general economic and
business conditions, foreign exchange and other risks identified in the
Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual
Report or Form 40-F filed with the SEC, the Company's Annual Information
Form filed with the Canadian securities commissions, on the Registration
Statement on Form F-4 filed with the SEC in connection with the
acquisition of IMRglobal and with the Forms 10-K and 10-Q of IMRglobal
filed with the SEC for the periods ended December 31, 2000 and March 31,
2001 respectively. All of the risk factors included in these filed
documents are included here by reference. CGI disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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For more information:
Investor relations
Julie Creed, vice-president, investor relations
(312) 201-1911
Ronald White, director, investor relations
(514) 841-3230
Media relations
Eileen Murphy, director, media relations
(514) 841-3430
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CGI GROUP INC.
(Registrant)
Date: February 27, 2002 By /s/ Paule Dore
Name: Paule Dore
Title: Executive Vice President
and Chief Corporate Officer
and Secretary