CGI (NYSE: GIB) (TSX: GIB.A) announced it acquired Annams Systems Corporation d/b/a Sunflower Systems, a leading provider of asset management software solutions and services, based in San Ramon, California with offices in Arlington, Virginia.
A definitive agreement was entered into on August 27, 2019 and the transaction closed August 30, 2019.
Sunflower Systems brings a portfolio of solutions that enable organizations 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 organizations 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's merger with Sunflower Systems is aligned to our Build and Buy strategy, providing opportunities to expand our offerings to the public and private sector, and offering IT modernization opportunities aligned with our strategy," said Tim Hurlebaus, President, CGI Federal. "Sunflower Systems' industry-leading expertise and IP meet a critical need in an evolving and complex asset management market. Sunflower Systems member's deep expertise in asset management complements CGI's expertise in financial and acquisition management. Together, we will continue to innovate and strengthen our collective leadership positions, and—through the delivery of surrounding services—will create greater value for our customers."
"We are pleased to welcome Sunflower Systems professionals to CGI," said CGI Senior Vice-President, Stephanie Mango. "Similar to CGI, these professionals have a deep understanding in the asset management domain. They have created software built to meet the needs of their customers. We bring together two market leading solutions, CGI's Momentum Enterprise solution -- a leading federal budget, financial, and acquisition solution -- with Sunflower Systems asset management solution. For agencies, this fully integrated solution will reduce cost of ownership, streamline operations, and provide comprehensive business analytics across the enterprise. This truly enables agency transformation."
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, 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 organizations and accelerate results. With Fiscal 2018 reported revenue of C$11.5 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at www.cgi.com.
