Core Insights - CGI has secured a 10-year contract with the State of New Jersey to enhance and support the State Integrated Recovery Operations Management Systems (SIROMS), building on over a decade of collaboration in disaster recovery technology [1][2][3] Group 1: Contract and Partnership - The renewed agreement allows CGI to continue supporting New Jersey's disaster response capabilities, managing federal recovery funds efficiently and reducing overall recovery costs [2][3] - SIROMS has managed the distribution of over $7.2 billion in recovery funds since its inception, originally established to aid recovery from Superstorm Sandy [2][3] Group 2: Operational Efficiency and Impact - The SIROMS platform has modernized recovery operations, enhancing efficiency, ensuring financial accountability, and achieving audit readiness, which has led to faster data-driven decisions and increased transparency [3][4] - As of May 2025, New Jersey has disbursed more than $7 billion in recovery funds, supporting thousands of residents and tracking over 10,000 individual reports for HUD submissions [3][4] Group 3: Technological Advancements and Collaboration - CGI's partnership with New Jersey emphasizes the importance of a modern technology platform in enhancing resilience and accelerating disaster recovery [4] - The platform is designed to incorporate enhancements from other jurisdictions, promoting a collaborative model among state and local governments to strengthen recovery efforts [4] Group 4: Company Overview - CGI, founded in 1976, is one of the largest independent technology and professional services firms globally, with reported revenue of CA$14.68 billion for Fiscal 2024 [5] - The company employs 93,000 professionals worldwide, offering a comprehensive portfolio of IT and business consulting services [5]