By Market Wire, October 03, 2013, 07:30:00 AM EDT
IT modernization will improve permitting and compliance operations in nation's leading energy producing state
FAIRFAX, VIRGINIA -- (Marketwired) -- 10/03/13 --
CGI (NYSE:GIB)(TSX:GIB.A) today announced it has been awarded a US$13.9 million IT modernization contract over two years by the Railroad Commission of Texas.
Texas is the nation's largest oil producing state, and the Railroad Commission regulates its oil and gas industry. The IT modernization program will optimize Commission functions, providing the automation-assisted processes, tools and data needed for regulators to keep pace with booming demand for oil and gas production while protecting public safety and the environment.
"The Railroad Commission is known worldwide as a top oil and gas regulator for an industry that provides our nation with vital domestic energy resources while pumping dollars into our state and national economies," said Milton Rister, executive director of the Railroad Commission of Texas. "This current IT modernization program will help our agency use the latest computer technology to continue to serve as a premier state regulator that provides the industry with clear and consistent rules needed for public safety and the protection of our state's natural resources."
According to CGI Vice President and Texas Account Executive Sergio Rodriguez, "The Railroad Commission of Texas performs a critical oversight mission in the energy well-being of both state and nation, and we are delighted to have earned its trust. Our goal is to help the Commission use data and information to fuel a wide variety of high productivity permitting and compliance operations."
Through partnership with CGI, the IT modernization program will consolidate systems and revise outdated manual processes, to include improvements such as:
- Integrated web-based applications that enable efficient data exchange and permitting;
- Shortened permit turnaround time, enabling the Commission to respond more rapidly;
- Increased customer self-service opportunities for the Commission's constituents, as well as easier access to regulatory data and information.
CGI has extensive experience working with more than 10 state regulatory agencies across the nation to support their permitting and compliance processes, as well as partnering with another Texas regulatory agency, the Texas Commission on Environmental Quality, to improve their processes.
About the Railroad Commission of Texas
Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. The Commission has a long and proud history of service to both Texas and to the nation, including more than 90 years regulating the oil and gas industry. Additionally, the Commission promotes research and education on the use of alternative fuels and has jurisdiction over gas utility, surface mining and pipeline industries. Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. Website: http://ctt.marketwire.com/?docid=0902322001&id=3505891&type=0&url=http%3a%2f%2fwww.rrc.state.tx.us%2f.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 69,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE ( GIB ). Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
Senior Vice-President, Global Communications and
Vice-President, US Communications, CGI
Source: CGI Group Inc.