SECURITIES AND
EXCHANGE COMMISSION
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PRESS RELEASE |
FOR IMMEDIATE PUBLICATION |
CGI closes acquisition of INSpireFort Worth, Texas, December 2, 2002 CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today announced that it has completed the acquisition of INSpire Insurance Solutions Inc. (INSpire) for US$5.4 million (CDN$8.5 million) in cash. The Fort Worth-based firm has revenues of US$26 million (CDN $41 million). As part of the acquisition, some 265 professionals located in five offices in the United States are joining CGI. The acquisition was initially announced on November 14, 2002. INSpire provides claims and policy administration outsourcing services as well as software and consulting services for property and casualty insurance carriers. The closing of this acquisition marks another very important milestone in CGIs growth commitment to the insurance vertical and to expanding our BPO capability, said Michael Roach, president and chief operating officer for CGI. About CGI Forward-Looking
Statements |
2 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 Managements Discussion and Analysis (MD&A) in CGI Group Inc.s Annual Report or Form 40-F filed with the SEC, the Companys Annual Information Form filed with the Canadian securities authorities, as well as assumptions regarding the foregoing. The words believe, estimate, expect, intend, anticipate, foresee, plan, and similar expressions and variations thereof, identify certain of such forward-looking statements, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. -30- |
For more information: CGI: Investor relations Julie Creed Vice-president, investor relations (312) 201-4803 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: December 2, 2002 |
By /s/ Paule Doré Name: Paule Doré Title: Executive Vice-President and Chief Corporate Officer and Secretary |