CGI expands its presence in Québec City with the acquisition of Momentum Technologies
CGI (TSX: GIB.A) (NYSE: GIB) has announced the acquisition of Momentum Technologies, a Québec City-based IT consulting services company specializing in data analytics and business intelligence.
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Rhea-AI Summary
CGI (TSX: GIB.A) (NYSE: GIB) has announced the acquisition of Momentum Technologies, a Québec City-based IT consulting services company specializing in data analytics and business intelligence. The acquisition will integrate over 250 skilled consultants and professionals into CGI's workforce, strengthening its local presence and service capabilities across public sector and commercial industries including health and insurance.
Founded in 2003, Momentum Technologies is recognized for providing innovative solutions in digital transformation, managed services, cloud computing, and enterprise software development. The merger aims to enhance CGI's AI capabilities and analytics offerings, enabling deeper insights and smarter decision-making for clients.
Positive
- Acquisition adds 250+ skilled IT professionals to CGI's workforce
- Expands CGI's data analytics and AI capabilities
- Strengthens market presence in Québec City
- Enhances service offerings in public sector and commercial industries
Negative
- None.
Details
News Market Reaction – GIB
The recorded move for GIB in the trading session of this news was -0.92%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom
Acquisition deepens CGI's data and business intelligence capabilities
More than 250 highly skilled consultants and professionals will join CGI, deepening the company's local presence and capacity to serve clients across the public sector and several commercial industries such as health and insurance.
"On behalf of CGI, we extend a warm welcome to the talented professionals from Momentum Technologies," says Michael Godin, President of CGI's operations in
"With this acquisition, we are further strengthening our presence in
"Momentum Technologies has always been driven by a commitment to excellence, innovation and strong client relationships," says Mohamed Guetat, President, Momentum Technologies. "Joining forces with CGI is an exciting chapter that aligns with our culture, values and vision for the future. As part of a larger organization with extensive resources and global reach, we will be able to provide even greater opportunities for our talented professionals, and enhanced solutions for our clients."
Founded in 2003, Momentum Technologies is recognized as a leading local provider of innovative solutions that drive digital transformation and operational efficiency for businesses across various industries, including public sector. The company also specializes in managed services, cloud computing, and enterprise software development, empowering organizations with scalable, secure, and customized technology solutions.
About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 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-expands-its-presence-in-quebec-city-with-the-acquisition-of-momentum-technologies-302411221.html
SOURCE CGI Inc.
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