Date Closed

March 1, 2006

Lead Office

Montréal

On March 9, 2006, CGI Group Inc. (CGI) today announced that the transaction for the acquisition of Pangaea Systems Inc. (Pangaea) has been completed. This transaction was previously announced on February 2, 2006. Further to this acquisition, CGI has broadened its breadth and depth of services in Western Canada, particularly in British Columbia. Over 1,200 professionals are now employed by CGI in Western Canada.

With offices in Calgary, Edmonton, Vancouver and Victoria, Pangaea is a privately-held company. Founded in 1993, Pangaea employs over a 100 professionals, with over half located in British Columbia, serving clients mostly in the public sector, both provincial and federal, as well as in the sectors of energy and financial services. The company specializes in systems development particularly the development of Internet-based solutions and related services. 

CGI Group Inc. (“CGI”) is the 8th largest independent information technology and business process services firm in the world. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America (“US”), Europe, Asia Pacific as well as from centers of excellence in Canada, the US, Europe and India.

McCarthy Tétrault LLP advised CGI with a team led by Jean-René Gauthier.