MONTRÉAL, Nov. 17, 2016
/PRNewswire/ - Yellow Pages (TSX: Y) and CGI (TSX: GIB.A) (NYSE:
GIB) are pleased to announce a new 10-year IT outsourcing agreement
valued at $160 million. Under the
agreement, Yellow Pages will outsource some of its IT operating
infrastructure and platform management to CGI. As a result, 119 IT
positions from Yellow Pages will be transferred to CGI, the
majority of which are located in Montreal.
Yellow Pages will retain responsibility for its strategic IT
development as well as management and development of all digital
applications and services related to the company's core business of
providing digital media and marketing solutions for businesses.
"This agreement will further contribute to finding the
operational and business efficiencies that make up part of our
Return to Growth plan," said Julien
Billot, President and Chief Executive Officer for Yellow
Pages. "In this manner, we'll be able to focus our IT investments
and resources on activities and technologies that afford us
distinctive and competitive market advantages. We're pleased to be
able to partner with a global technology leader, headquartered in
Montréal, and keep these quality digital positions and
opportunities within the province."
"Since 2004, Yellow Pages has had a strong history of working
with CGI and we look forward to continuing our partnership," said
Mark Boyajian, President,
Canada operations of CGI. "Our
focus will be on driving significant improvements and cost savings
across its IT operations, in order to invest more resources into
the continued growth of their digital business."
Yellow Pages currently provides media and marketing solutions to
over 240,000 small business customers across Canada. Over 68% of its total revenues come
from digital products and services or roughly $550 million in digital-only revenues on an
annualized basis.
About Yellow Pages Limited
Yellow Pages Limited (TSX:
Y) is a Canadian digital media and marketing solutions company that
supports local economies by helping neighbourhood businesses reach
new customers and foster stronger relationships with existing
clients through its various media and products. Yellow Pages holds
some of Canada's leading local
online search properties including YP.ca™, the ComFree/DuProprio
network, RedFlagDeals.com™, Canada411.ca, 411.ca, Bookenda.com,
dine.TO and YP NextHome. The Company also holds the YP, YP
Shopwise, YP Dine, RedFlagDeals, Canada411, 411, Bookenda and YP
NextHome mobile applications and Yellow Pages™ print directories.
Through Mediative, Yellow Pages is a leader in national advertising
through its various channels and services devoted to North American
businesses. The Company also owns JUICE Mobile, a mobile
advertising technology company whose proprietary programmatic
platforms facilitate the automatic buying and selling of mobile
advertising between brands and publishers. For more information
visit www.corporate.yp.ca.
About CGI
Founded in 1976, CGI Group Inc. is the fifth
largest independent information technology and business process
services firm in the world. Approximately 68,000 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 and infrastructure management, as well as 150 IP-based
services and solutions. With annual revenue in excess of
C$10 billion and an order backlog
exceeding C$20 billion, CGI shares
are listed on the TSX (GIB.A) and the NYSE (GIB).
Website: www.cgi.com.
Forward-Looking Statements - CGI
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") and in other public disclosure documents filed with
the Canadian securities authorities (filed on SEDAR at
www.sedar.com) and the U.S. Securities and Exchange
Commission (filed on EDGAR at www.sec.gov), 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.
Forward-Looking Statements –Yellow Pages
This press
release contains forward-looking statements about the objectives,
strategies, financial conditions, results of operations and
businesses of the Company including the anticipated future annual
cost savings in respect of IT operating costs. These statements are
forward-looking as they are based on our current expectations, as
at November 17, 2016, about our
business and the markets we operate in, and on various estimates
and assumptions. Our actual results could materially differ from
our expectations if known or unknown risks affect our business, or
if our estimates or assumptions turn out to be inaccurate. As a
result, there is no assurance that any forward-looking statements
will materialize. Risks that could cause our results to differ
materially from our current expectations are discussed in section 6
of our November 10, 2016 Management's
Discussion and Analysis. We disclaim any intention or obligation to
update any forward-looking statements, except as required by law,
even if new information becomes available, as a result of future
events or for any other reason.
SOURCE CGI Group Inc.