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CGI VirtualFlightRecorder to enhance aviation safety with next-generation flight data solution
Prnewswire· 2025-04-15 10:30
Core Insights - CGI is expanding its Universal Virtual Flight Data Recorder (UVFDR) initiative, supported by the European Space Agency (ESA) and the UK Space Agency (UKSA), to enhance aviation safety and operational efficiency globally [1][5] Group 1: Project Overview - The new phase will establish CGI VirtualFlightRecorder, a scalable solution built on AWS, aimed at improving aviation safety and compliance with global aeronautics distress and safety standards [2][4] - The project builds on the success of the initial UVFDR project, ensuring alignment with International Civil Aviation Organization (ICAO) standards for GADSS [3][4] Group 2: Technological Features - CGI VirtualFlightRecorder replicates the function of a traditional crash-protected flight recorder in a cloud-based environment, allowing authenticated storage of flight data [4][7] - The system will enhance data resilience in emergencies and ensure compliance with global standards informed by EASA, FAA, and EUROCAE recommendations [7] Group 3: Industry Impact - The initiative aims to empower aviation stakeholders with a cost-effective tool to enhance operational efficiency and comply with international safety mandates [4][5] - CGI's role in advancing aviation safety through transformative technology is emphasized, with the project expected to support safer skies and meet evolving industry needs [5] Group 4: Company Background - CGI, founded in 1976, is one of the largest independent IT and business consulting services firms globally, with reported revenue of CA$14.68 billion for fiscal 2024 [6][8]
Ventura County, CA, successfully launches CGI Advantage® cloud-based financial management system
Prnewswire· 2025-03-31 10:30
"Ventura County's decision to upgrade its financial system with CGI reflects the strength of our collaboration and the shared commitment to achieving lasting operational improvements. The updated VCFMS will deliver a streamlined user interface, enhancing accessibility and efficiency outcomes for end users," said Joanna Robinson, Senior Vice-President of CGI's U.S. West operations. "The system's go-live represents a critical step forward in Ventura County's modernization journey. By embracing cloud-based sol ...
CGI enters into an exclusivity agreement to acquire Apside, a leading digital and engineering services firm in France
Prnewswire· 2025-03-31 10:30
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom PARIS, March 31, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the signature of an exclusivity agreement to acquire Apside, a France-based leading digital and engineering services firm. The agreement was signed with Apside's main shareholders, Siparex and investments companies of Crédit Agricole Group. With a significant local presence, Apsid ...
CGI expands its presence in Québec City with the acquisition of Momentum Technologies
Prnewswire· 2025-03-25 20:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Acquisition deepens CGI's data and business intelligence capabilities MONTRÉAL, March 25, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the acquisition of Momentum Technologies, a Québec City based IT consulting services company, specializing in data analytics and business intelligence.More than 250 highly skilled consultants and professionals w ...
CGI completes Novatec acquisition, strengthening its European presence in key commercial industry sectors
Prnewswire· 2025-03-21 10:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Canada LEINFELDEN-ECHTERDINGEN, Germany and GRANADA, Spain, March 21, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, has completed the previously announced acquisition of Novatec by its wholly owned limited partnership, CGI Deutschland B.V. & Co. KG. Novatec is a leading digital services company in Germany and Spain. Founded in 1996, it offers a wide r ...
CGI announces pricing of US$650M of 5-year notes
Prnewswire· 2025-03-12 22:23
Core Viewpoint - CGI has announced the pricing of a US$650 million offering of senior unsecured notes, with a 4.95% annual interest rate, aimed at repaying existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 5-year senior unsecured notes, expected to close around March 14, 2025, subject to customary conditions [1]. - The net proceeds from the offering are anticipated to be approximately US$641.3 million after deducting fees and expenses [2]. - CGI plans to enter into a currency swap agreement to lower the Canadian dollar equivalent cost of borrowing to 3.7125% per annum [1]. Group 2: Regulatory Information - The notes will be offered to qualified institutional buyers in the U.S. under Rule 144A and outside the U.S. under Regulation S of the U.S. Securities Act [3]. - The notes have not been registered under the Securities Act and may not be sold in the U.S. without an exemption [4]. Group 3: Company Overview - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with 91,000 professionals [5]. - The company reported revenue of C$14.68 billion for Fiscal 2024 [5].
CGI becomes the first major digital services company to be awarded the Sustainable IT label - Level 2 across Europe and Morocco
Prnewswire· 2025-03-06 11:30
Core Points - CGI has been awarded the Sustainable IT label - Level 2, recognizing its commitment to sustainable digital practices across its operations in France, Luxembourg, Morocco, Romania, and Switzerland [1][2] - The company was previously awarded Level 1 in 2022 and is the first digital services firm with over 5,000 employees to achieve Level 2 [2] - The Sustainable IT label is based on guidelines from the Institut du Numérique Responsable, aimed at promoting responsible digital business practices [3] Company Initiatives - CGI's President for France and Luxembourg highlighted the company's initiatives, including training 9,000 employees in eco-design and collaborating with major clients like EDF to develop environmentally-friendly solutions [4] - A comprehensive audit conducted by Baker Tilly assessed CGI against 52 criteria, leading to a three-year progress plan focused on responsible design and the adoption of standards for responsible artificial intelligence [4][5] Strategic Focus Areas - The audit evaluated CGI in five main areas, including integrating digital responsibility into the organization's strategy and lifecycle management of digital services [5][7] - The company aims to promote sustainability throughout the lifecycle of its services, from purchasing to responsible management of equipment and data [7] Financial Overview - For fiscal 2024, CGI reported revenue of CA$14.68 billion, with shares listed on both the TSX and NYSE [8]
CGI completes acquisition of UK-based BJSS, deepening its presence across key commercial industries and public sector
Prnewswire· 2025-02-25 13:00
Group 1 - CGI has completed the acquisition of BJSS, a UK-based technology and engineering consultancy, to enhance its consulting-led services and drive innovation in cloud, AI, data analytics, and software engineering [1][2] - The acquisition will integrate BJSS's 2,400 professionals into CGI's global network, increasing CGI's UK workforce to over 8,500 and expanding service offerings in various sectors [2] - CGI aims to leverage BJSS's expertise to assist clients in navigating digital transformations and achieving strategic goals [2] Group 2 - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with a reported revenue of CA$14.68 billion for Fiscal 2024 [3] - The company operates with a local relationship model supported by a global delivery network, providing a comprehensive range of IT and business consulting services [3]
CGI achieves new designation from Databricks, strengthening its AI and data analytics capabilities
Prnewswire· 2025-02-20 11:30
Core Insights - CGI has achieved Select partner program status from Databricks, highlighting its commitment to enhancing data analytics and AI capabilities for clients globally [1][2] - The partnership with Databricks has been ongoing for over five years, focusing on scalable data solutions that facilitate digital transformation across various sectors [2][3] - CGI's U.S. clients utilizing Databricks include major players in healthcare, energy, and banking, indicating a diverse application of advanced analytics [3] Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting firms globally, with 91,000 professionals [4] - CGI reported revenue of CA$14.68 billion for Fiscal 2024, showcasing its significant market presence [4] - The company operates through a local relationship model supported by a global delivery network, aiding clients in digital transformation [4]
City of Springfield, Illinois partners with CGI to upgrade financial and personnel IT systems with CGI Advantage® enterprise resource planning
Prnewswire· 2025-02-06 11:00
Core Insights - CGI has extended its partnership with the City of Springfield, Illinois, to upgrade the city's ERP system to a modern cloud platform powered by CGI Advantage, which aims to reduce risk and streamline operations [1][6]. Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976, with 91,000 consultants and professionals [8]. - The company reported revenue of CA$14.68 billion for Fiscal 2024 and is listed on both the TSX and NYSE [8]. Upgrade Details - The upgrade to CGI Advantage will enhance user experience with intuitive features, improve accessibility, reduce training times, and eliminate manual processes [2][4]. - Key benefits of the upgrade include improved time and leave-tracking capabilities, simplified procurement, and support for a shared, multi-agency solution through a cloud-based architecture [3][5]. Strategic Impact - The transition to CGI Advantage aligns the City of Springfield's operations with modern best practices, enabling greater efficiency, accuracy, and transparency [6]. - The advanced platform will provide real-time analytics and embedded reporting, supporting faster decision-making across city departments [2][4].