CGI awarded 10-year contract by State of New Jersey to enhance natural disaster recovery operations

CGI (NYSE: GIB) has secured a 10-year contract with the State of New Jersey to enhance and support the State Integrated Recovery Operations Management Systems (SIROMS).

Rhea-AI Summary

CGI (NYSE: GIB) has secured a 10-year contract with the State of New Jersey to enhance and support the State Integrated Recovery Operations Management Systems (SIROMS). The platform, initially created for Superstorm Sandy recovery, has managed over $7.2 billion in disaster recovery funds.

SIROMS serves as New Jersey's system of record for natural disaster recovery efforts, enabling efficient fund management, enhanced operational efficiency, and comprehensive audit readiness. The platform has processed over 10,000 individual reports and facilitated quarterly progress submissions to HUD for 48 consecutive quarters. As of May 2025, the state has disbursed more than $7 billion supporting thousands of residents.

Positive

• Secured long-term 10-year contract with State of New Jersey
• Platform has successfully managed over $7.2 billion in recovery funds
• Proven track record with 48 consecutive quarters of successful HUD reporting
• Scalable platform design allows sharing innovations across jurisdictions

Negative

• None.

Argus Aug 26 session

-0.59% close to close Open Argus

Details

News Market Reaction – GIB

On Aug 26, the day this news came out, GIB closed 0.59% below the previous close.

Data tracked by StockTitan Argus for the Aug 26 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom

Renewed partnership empowers New Jersey with a scalable, state-owned recovery platform to manage federal disaster relief funds and accelerate response to future emergencies 

NEW BRUNSWICK, N.J., Aug. 26, 2025 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A), one of the world's largest independent technology and professional services firms, today announced the award of a 10-year contract with the State of New Jersey for continued development, enhancement, and support of its State Integrated Recovery Operations Management Systems (SIROMS) – building on more than a decade of trusted partnership and innovation in natural disaster recovery technology and service delivery.

Originally established to support the recovery from Superstorm Sandy, SIROMS has evolved into the state's system of record for managing natural disaster recovery efforts and has managed the distribution of over $7.2 billion in recovery funds. Under the renewed agreement, CGI will continue to support New Jersey's readiness to respond to current and future natural disasters, enabling the state to efficiently manage federal recovery funds and reduce the overall cost of natural disaster recovery.

"Our partnership with CGI has been instrumental in helping New Jersey respond effectively to major disasters and prepare for those yet to come," said Parth Sampath, State Contract Manager, New Jersey Department of Community Affairs. "This agreement ensures we have both the technology and expertise in place to protect our residents and communities while reducing the cost and complexity associated with long-term disaster recovery."

Through the SIROMS platform, New Jersey has modernized recovery operations by enhancing operational efficiency, ensuring financial traceability and accountability in the distribution of funds, and achieving comprehensive audit readiness. The system has empowered the state to make faster data-driven decisions, accelerating recovery timelines, and increasing transparency for residents and oversight officials. As of May 2025, the state has disbursed more than $7 billion in recovery funds supporting thousands of residents across New Jersey. The SIROMS solution has enabled the state to track over 10,000 individual reports supporting the successful submission of quarterly progress to HUD over the past 48 quarters. 

"Our ongoing partnership with the State of New Jersey reaffirms CGI's commitment to helping governments enhance resilience and accelerate recovery from natural disasters," said Scott Burghoff, Senior Vice-President & Business Unit Leader, CGI. "Our collaboration over the past decade has demonstrated the power of a modern, adaptable technology platform to serve citizens when they need it most."

The platform is designed to incorporate enhancements from other jurisdictions, such as Puerto Rico's public-facing disaster-funding transparency portal, and shares innovations developed in New Jersey in return. This collaborative model supports a growing community of state and local governments working together to strengthen resilience and streamline recovery.

About CGI

Founded in 1976, CGI is among the largest independent technology and professional services firms in the world. With 93,000 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 CA$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-awarded-10-year-contract-by-state-of-new-jersey-to-enhance-natural-disaster-recovery-operations-302538035.html

SOURCE CGI Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value of CGI's new contract with New Jersey for SIROMS?

While the exact contract value wasn't disclosed, the agreement spans 10 years and involves development, enhancement, and support of New Jersey's SIROMS platform.

How much in disaster recovery funds has CGI's SIROMS platform managed for New Jersey?

The SIROMS platform has managed the distribution of over $7.2 billion in recovery funds for the State of New Jersey.

What is the purpose of CGI's SIROMS platform for New Jersey?

SIROMS serves as New Jersey's system of record for managing natural disaster recovery efforts, enabling efficient federal fund management, ensuring financial traceability, and providing comprehensive audit readiness.

How many reports has the SIROMS platform processed for New Jersey?

The SIROMS platform has tracked over 10,000 individual reports supporting successful quarterly progress submissions to HUD over 48 quarters.

When was CGI's SIROMS platform first implemented in New Jersey?

SIROMS was originally established to support the recovery from Superstorm Sandy, and has since evolved into the state's primary system for managing natural disaster recovery efforts.