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CGI to power The Beer Store IT infrastructure with new seven year contract


The Toronto-based IT provider, CGI, has won a new multi-year contract to provide IT services to The Beer Store in Ontario.

The Beer Store distributes and sells beer in the province, and is operated by the government.

The Beer Store has an 85-percent market share in Ontario, and distributes beer to more than 16,000 bars and restaurants in Ontario, and also services 604 LCBO stores in the province.

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CGI Group to buy U.S. IT provider Stanley in $900M deal


Canada’s IT giant CGI Group has announced it has entered into an agreement to acquire the U.S.-based IT provider Stanely Inc. in an all cash deal valued at about $900-million.

CGI will pay $37.50 per Stanley share, a premium of 23.3-percent over the company’s 30-day weighted average price (a premium of 38.3-percent over the last 60-days).

The premium to be paid brings the total enterprise value of Stanley at a $1.07-billion valuation.

The strategic acquisition will help CGI penetrate lucrative U.S. markets that Stanely has already established, especially in the U.S. military and intelligence space.

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CGI Group reports strong Q4 2009 earnings


Montreal-based CGI Group announced Q4 2009 earnings today.

The tech company announced Q4 2009 earnings were up to $82.6 million ($0.27 per share), up 9.69-percent over the same period last year.

Total revenue for Q4 2009 was $926.1 million, down a bit from $929.2 million reported last year in the same period.

Aggregately in 2009, CGI earned $3.83 billion in total revenue with net earnings totaling $315.2 million ($1.02) per share, up from $298.3 million in 2008.

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