Acquisition strengthens CGI's position in
a growing U.S. metropolitan market
Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
MIAMI, Oct. 11,
2023 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A)
today announced the acquisition of Momentum Consulting Corp., a
Miami-based IT and business
consulting firm specializing in digital transformation, data
analytics and managed services. The acquisition strengthens CGI's
position in the key U.S. growth market of Miami, building on its proximity-based
business model that blends the company's worldwide network of
experts and capabilities with local accountability and end-to-end
services for clients.
Momentum Consulting Corp., a Florida-approved vendor and minority-owned
business founded in 2002, brings more than 175 highly skilled
consultants to CGI as well as client relationships in retail,
manufacturing, transportation, and logistics.
"CGI and Momentum Consulting Corp. are a great cultural fit as
both companies share a strong commitment to their people, a
dedication to management fundamentals and a passion for excellence
in execution for clients," said Tim
Hurlebaus, CGI President of U.S. Commercial and State
Government operations. "The combined strength of Momentum
Consulting Corp. and CGI creates additional value for clients
through deep industry and technology expertise, a commitment to
delivering ROI-led digitization to address business and IT
objectives—and with a priority focus on client satisfaction."
"For Momentum Consulting Corp., the merger enables us to
continue our growth trajectory by providing scale and access to new
technology platforms, expertise and partners, a global delivery
network, digital consulting capabilities, and managed services
options," said Mayte Fernandez,
Momentum Consulting Corp. Managing Partner and Co-CEO and new CGI
Senior Vice-President, Consulting Services and Miami Metro Leader.
"Our combined forces will enhance our business value to current and
new clients and blend our teams to be a powerhouse in Miami."
In the U.S., CGI has nearly 13,000 consultants and professionals
across 80 offices organized through a metro market proximity model
and supported by the depth of the company's international presence,
range of services, and insights to deliver value
locally.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 91,500
consultants and professionals across the globe, CGI delivers an
end-to-end portfolio of capabilities, from strategic IT and
business consulting to systems integration, managed IT and business
process services and intellectual property solutions. CGI works
with clients through a local relationship model complemented by a
global delivery network that helps clients digitally transform
their organizations and accelerate results. CGI Fiscal 2022
reported revenue is $12.87 billion
and CGI shares are listed on the TSX (GIB.A) and the NYSE
(GIB). Learn more at cgi.com.
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SOURCE CGI Inc.