Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
cgi.com/newsroom
Merger strengthens CGI's position with Fortune
500 clients in St. Louis,
Atlanta, Minneapolis, Chicago, Columbus, Dallas and New
York
ST.
LOUIS, Mo., Dec. 11,
2024 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A)
today announced the signature of an equity purchase agreement to
merge operations with Daugherty, a St.
Louis-based professional services firm specializing in
artificial intelligence, data analytics, strategic IT consulting,
and business advisory services for Fortune 500 clients in the
financial services, healthcare, communications, retail and
manufacturing sectors. The merger of operations brings more than
1,100 talented consultants to CGI, further strengthening the
company's presence in multiple key U.S. growth markets, including
St. Louis, Atlanta, Minneapolis, Chicago, Columbus, Dallas and New
York. The parties entered into a purchase agreement on
November 29, 2024, and the
transaction is expected to close in December
2024, subject to regulatory approval and other customary
closing conditions.
For 39 years, Daugherty has been committed to driving
innovation, growth and customer satisfaction while making a
positive difference in the community. For CGI, the merger with
Daugherty establishes significant combined geographic presence
in targeted U.S. markets, deepens industry expertise and enhances
strategic advisory services with offerings around digital
engagement, technology modernization, cloud transformation, and
FinOps and sustainability.
The merger with CGI enables Daugherty clients to retain
local relationships and expertise while gaining access to CGI's
global capabilities, network of delivery centers, and breadth of
end-to-end services and solutions. Daugherty has consistently
been named as the Largest IT Consulting Firm by the St. Louis
Business Journal along with several top workplace recognitions
across its metro markets and a 'top five in the nation' distinction
in 2024 for the Top Workplaces USA.
"At the heart of our strategic vision is a dual commitment: to
our clients and our teammates," said Ron
Daugherty, Daugherty President and CEO. "We're forging
a path with CGI that expands global capabilities, creates
meaningful professional opportunities, and amplifies our collective
potential to drive innovation and positive change in our
communities."
Giving back to the communities in which CGI and
Daugherty live and work is also a shared commitment, as
evidenced by CGI's commitment to support of The
Daugherty Foundation which will provide access to education,
mentorship and career opportunities for young people and
underrepresented groups in technology.
"The combined strength of Daugherty and CGI creates
additional value for clients through deep industry insight and
technology expertise, with a strong commitment and proven history
of delivering trusted business outcomes," said Vijay Srinivasan, CGI President of U.S.
Commercial and State Government operations. "CGI and
Daugherty are a great cultural fit as both companies share a
strong commitment to their people and communities, a dedication to
management fundamentals and a passion for excellence in execution
for clients."
In the U.S., CGI has operations across 80 offices which are
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 90,250
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 2024
reported revenue is $14.68 billion
and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Learn more at cgi.com.
View original
content:https://www.prnewswire.com/news-releases/cgi-expands-operations-in-multiple-us-metro-markets-with-daugherty-302329421.html
SOURCE CGI Inc.