CGI awarded 10-year contract by State of New Jersey to enhance natural disaster recovery operations
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.
News Market Reaction
On the day this news was published, GIB declined 0.59%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stock Market Symbols
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Renewed partnership empowers
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
"Our partnership with CGI has been instrumental in helping
Through the SIROMS platform,
"Our ongoing partnership with the
The platform is designed to incorporate enhancements from other jurisdictions, such as
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
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.