ALPHARETTA, Ga., July 12,
2022 /PRNewswire/ - Alithya Group inc. (NASDAQ:
ALYA) (TSX: ALYA) ("Alithya") is proud to announce the signing of a
contract to accompany an existing Oracle client through important
stages of its digital transformation processes. The contract has
now commenced and is expected to generate approximately
10 million USD in revenues over its
2.5-year term.
The contract, signed with a client that offers dental insurance
coverage to millions of Americans, covers an Oracle Cloud
Enterprise Resource Planning (ERP) project that will include the
implementation of a payroll system, as well as change management
and cloud-based training services to ensure optimal adoption of the
technology. The newly signed contract follows a previous Oracle
Cloud Enterprise Performance Management (EPM) project conducted
between the Alithya Oracle team and the client.
Quote by Mike Feldman, Senior Vice President,
Oracle Practice at Alithya:
"This agreement seals the deal on one of the largest
contracts ever awarded to the Alithya Oracle Practice. It reflects
our reputation for excellence as an Oracle partner, as well as
showcases Alithya's expanding role as the trusted advisor to top
tier organizations across multiple sectors. This undertaking was an
entire team effort, and it gives us the opportunity to deliver
repeat success for this important client."
About Alithya
Alithya is a trusted North American leader in strategy and
digital transformation, employing a dedicated and highly skilled
workforce of 3,700 professionals in Canada, the United
States and internationally. Alithya's strategy is based on a
plan of accelerated organic growth and complementary acquisitions
to create a global leader. The company's integrated offer is based
on four pillars of expertise: business strategies, enterprise cloud
solutions, application services, and data and analytics.
A 25-year Oracle Partner, Alithya's expertise includes more than
300 certified consultants and Oracle ACEs. The company has a
dedicated practice for healthcare and financial services and serves
other industries, and contributes in an advisory role to the Oracle
Product Development team. To learn more about Alithya, visit
www.alithya.com.
Forward-Looking
Statements
This press release contains statements that may constitute
"forward-looking information" within the meaning of applicable
Canadian securities laws and "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and other applicable U.S. safe harbours (collectively
"forward-looking statements"). Statements that do not exclusively
relate to historical facts, as well as statements relating to
management's expectations regarding the future growth, results of
operations, performance and business prospects of Alithya, and
other information related to Alithya's business strategy and future
plans or which refer to the characterizations of future events or
circumstances represent forward-looking statements. Such statements
often contain the words "anticipates," "expects," "intends,"
"plans," "predicts," "believes," "seeks," "estimates," "could,"
"would," "will," "may," "can," "continue," "potential," "should,"
"project," "target," and similar expressions and variations
thereof, although not all forward-looking statements contain these
identifying words.
Forward-looking statements are presented for the sole purpose of
assisting investors and others in understanding Alithya's
objectives, strategies and business outlook as well as its
anticipated operating environment and may not be appropriate for
other purposes. Although management believes the expectations
reflected in Alithya's forward-looking statements were reasonable
as at the date they were made, forward-looking statements are based
on the opinions, assumptions and estimates of management and, as
such, are subject to a variety of risks and uncertainties and other
factors, many of which are beyond Alithya's control, and which
could cause actual events or results to differ materially from
those expressed or implied in such statements. Such risks and
uncertainties include but are not limited to those discussed in the
section titled "Risks and Uncertainties" of Alithya's Management's
Discussion and Analysis for the quarter ended March 31, 2022 and Management's Discussion and
Analysis for the year ended March 31,
2022, as well as in Alithya's other materials made public,
including documents filed with Canadian and U.S. securities
regulatory authorities from time to time and which are available on
SEDAR at www.sedar.com and EDGAR at www.sec.gov. Additional risks
and uncertainties not currently known to Alithya or that Alithya
currently deems to be immaterial could also have a material adverse
effect on its financial position, financial performance, cash
flows, business or reputation.
Forward-looking statements contained in this press release are
qualified by these cautionary statements and are made only as of
the date of this press release. Alithya expressly disclaims any
obligation to update or alter any forward-looking statements, or
the factors or assumptions underlying them, whether as a result of
new information, future events or otherwise, except as required by
applicable law. Investors are cautioned not to place undue reliance
on forward-looking statements since actual results may vary
materially from them.
View original
content:https://www.prnewswire.com/news-releases/alithyas-oracle-practice-signs-anticipated-10-million-usd-contract-with-leading-us-dental-insurer-301584673.html
SOURCE Alithya