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CGI Acquires Sunflower Systems to Offer Integrated Solution for Financial Management
Tuesday 10 September 2019

10 September 2019 - Virginia, US-based CGI (NYSE: GIB) (TSX: GIB.A) has acquired California, US-based asset management software provider Annams Systems Corp. d/b/a Sunflower Systems, the company said.

Terms of the transaction were not disclosed.

Sunflower Systems brings a portfolio of solutions that enable organisations to improve decision making, accountability and regulatory compliance for all types of assets including personal and real property, fleet, IT assets, materials and more.

The merger strengthens CGI's position serving the needs of commercial entities and federal government agencies, including universities, government contractors, law enforcement organisations and national laboratories.

These will now be offered as a fully integrated solution for budget planning, financial management, acquisitions, and asset management, the newest component of CGI's market-leading Momentum solution.

CGI Federal Inc. is a wholly owned US operating subsidiary of CGI Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. CGI is among the largest independent IT and business consulting services firms in the world.

With approximately 77,500 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 organisations and accelerate results.
Details
Date Published: 10/09/2019
Target: Annams Systems Corp. d/b/a Sunflower Systems
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: CGI
Comment:
Terms of the deal were not disclosed

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