Stanley Associates, Inc., a wholly-owned subsidiary of
), recently won a $32.8 million contract from the U.S. Department
of State, Bureau of Consular Affairs. The contract requiresCGI
Group to provide visa processing services to a number of
countries in Central Europe and Scandinavia.
Notably, the deal has a one-year base period with four
one-year option periods. It also marks the tenth win by the
company under the indefinite-delivery, indefinite-quantity Global
Support Strategy (GSS) for visa support services contract.
The latest contract authorizes Stanley Associates to provide
visa processing assistance at U.S. embassies and consulates in
countries such as Germany, Switzerland, the Czech Republic,
Estonia, Latvia, Sweden, Denmark, Norway, Austria, Slovakia,
Hungary and Finland.
Under the task order, Stanley Associates will provide services
to aid the processing of non-immigrant and immigrant visa
applications. Additionally, it will provide information about the
application process, fee collection, appointment services, and
document delivery to the applicants.
This contract win has strengthened the global presence of
Stanley Associates, by raising the total number of countries
where it operates to 57.
CGI Group - the parent company of Stanley Associates - is
an independent information technology and business process
services firm, which has about 69,000 employees across the United
States, Europe and the Asia Pacific. The company's services
include high-end business and IT consulting, systems integration,
application development and maintenance, infrastructure
management and a variety of proprietary solutions.
CGI Group currently carries a Zacks Rank #3 (Hold).
Better-placed stocks in the industry worth considering include
Lionbridge Technologies Inc
Computer Sciences Corp
). All of these stocks have a Zacks Rank #2 (Buy).
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