CGI expands presence in Atlanta with Stratfield Consulting

Rhea-AI Summary

CGI (NYSE: GIB) announced an agreement to acquire Atlanta-based Stratfield Consulting, expected to close in February 2026 subject to customary closing conditions. Stratfield brings nearly 200 consultants, increasing CGI's Atlanta workforce to nearly 600 consultants and strengthening digital engineering, product development, and change management capabilities for retail and financial services clients.

The deal expands CGI's local market presence and aims to combine Stratfield's client relationships with CGI's global delivery scale and industry expertise.

Positive

• Adds nearly 200 consultants to CGI's Atlanta team
• Raises Atlanta headcount to nearly 600 consultants, expanding local delivery capacity
• Strengthens capabilities in digital engineering, product development, and change management for retail and financial services

Negative

• Transaction is subject to customary closing conditions, so timing or completion could change

News Market Reaction – GIB

+3.84%

+3.84% News Effect

On the day this news was published, GIB gained 3.84%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details CGI’s agreement to acquire Stratfield Consulting, an Atlanta-based managem...

Analysis

This announcement details CGI’s agreement to acquire Stratfield Consulting, an Atlanta-based management and technology consulting firm founded in 2012. The deal is expected to close in February 2026 and would add nearly 200 consultants, bringing CGI’s Atlanta presence to nearly 600. It follows recent earnings strength, buyback renewal, and AI initiatives, reinforcing a theme of both organic and acquisitive growth. Investors may watch for integration updates and any quantified financial impact in future disclosures.

Key Figures

Expected close date: February 2026 Founding year: 2012 Stratfield consultants: Nearly 200 +1 more

4 metrics

Expected close date February 2026 Targeted completion of Stratfield Consulting acquisition

Founding year 2012 Year Stratfield Consulting was founded

Stratfield consultants Nearly 200 Consultants added to CGI via acquisition

Atlanta headcount Nearly 600 CGI consultants in Atlanta metro after acquisition

Historical Context

5 past events · Latest: Jan 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 29	AGM results	Positive	-0.8%	Strong shareholder support for directors and governance matters at AGM.
Jan 28	Earnings release	Positive	-2.1%	Q1-F2026 revenue and earnings growth with robust cash generation.
Jan 28	Buyback renewal	Positive	-2.1%	Renewal of NCIB allowing repurchase of up to 18,975,360 shares.
Jan 27	Strategic overview	Positive	-1.1%	50th anniversary update highlighting growth priorities and 94,000 partners.
Jan 27	AI collaboration	Positive	-1.1%	Global alliance with OpenAI to scale enterprise AI deployments.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news—earnings, buybacks, strategic initiatives—has generally been positive, yet the stock showed negative 24h reactions after each event, suggesting a pattern of selling into news.

Recent Company History

Over late January 2026, CGI released several updates: Q1-F2026 results showing $4.08B revenue and strong cash generation, a renewed Normal Course Issuer Bid authorizing up to 18,975,360 share repurchases, and a 50th anniversary narrative emphasizing investment in AI and digital transformation. CGI also announced a global AI alliance with OpenAI and reported solid director election outcomes. Despite these constructive developments, shares declined modestly after each release, and today’s Atlanta-focused acquisition extends this backdrop of strategic activity against a weaker share-price trend.

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

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

ATLANTA, Feb. 4, 2026 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest independent technology and professional services firms, today announced the signing of an agreement to acquire Stratfield Consulting, further strengthening CGI's position in Atlanta, a key U.S. growth market. The combination is expected to be completed in February 2026, subject to customary closing conditions. An Atlanta-based management and technology consulting firm, Stratfield Consulting specializes in digital engineering and product development, technology strategy and enablement, and change management to help clients achieve business outcomes. Stratfield Consulting serves nationwide retailers and financial services clients.

"Atlanta is a key market for CGI, with a strong and growing local presence," said Vijay Srinivasan, President of U.S. Commercial and State Government operations at CGI. "As Stratfield Consulting's team joins CGI in Atlanta, we are strengthening how we support clients today while building for what's next—bringing together local expertise with the end-to-end capabilities, scale and range of delivery models of CGI's broader organization."

Founded in 2012, Stratfield Consulting brings nearly 200 talented consultants to CGI, bringing the firm's current Atlanta presence to nearly 600 consultants who live and work in the metro market. For Stratfield Consulting's clients, joining forces with CGI provides continued access to the local, relationship-driven teams they rely on, while unlocking broader capabilities, industry insight, and delivery scale through CGI's global network.

"As we considered our future, our focus was clear: expanding what we can deliver for our clients while creating more opportunity for our people," said Butch Benford, CEO of Stratfield Consulting. "We were deliberate in finding a partner that values trusted client relationships, deep expertise, and a strong local presence. Together, we can deliver even greater value, locally and wherever our clients need us most."

About CGI
Founded in 1976, CGI is among the largest independent technology and professional services firms in the world. With 94,000 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 2025 reported revenue is CA$15.91 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of the Company, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues, inflation, tariffs and/or trade wars) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to develop and expand our services to address emerging business demands and technology trends (such as artificial intelligence), to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, legal and operational risks inherent in contracting with government clients, foreign exchange risks, income tax laws and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favourable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce our carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, including through the use of artificial intelligence, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, our ability to declare and pay dividends, interest rate fluctuations and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI's MD&A for the three months ended December 31, 2025 and 2024, which is incorporated by reference in this cautionary statement. We also caution readers that the risks described in the previously mentioned section and in other sections of CGI's MD&A for the three months ended December 31, 2025 and 2024, and in our other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

View original content:https://www.prnewswire.com/news-releases/cgi-expands-presence-in-atlanta-with-stratfield-consulting-302678275.html

SOURCE CGI Inc.

FAQ

What did CGI (GIB) announce about the Stratfield Consulting acquisition on February 4, 2026?

CGI announced it signed an agreement to acquire Stratfield Consulting, with completion expected in February 2026. According to the company, the deal is subject to customary closing conditions and will expand CGI's Atlanta capabilities and consultant headcount.

How many consultants does Stratfield Consulting add to CGI's Atlanta team (GIB)?

Stratfield Consulting brings nearly 200 consultants to CGI's Atlanta operations. According to the company, that raises CGI's Atlanta presence to nearly 600 consultants serving local and national retail and financial services clients.

What capabilities does the Stratfield deal bring to CGI (GIB) in Atlanta?

The acquisition adds expertise in digital engineering, product development, technology strategy, and change management. According to the company, this complements CGI's end-to-end delivery models and industry insight for retail and financial services clients.

When will the CGI (GIB) and Stratfield Consulting combination be completed?

The combination is expected to be completed in February 2026, subject to customary closing conditions. According to the company, completion timing may vary depending on satisfying those closing requirements.

What does the Stratfield acquisition mean for Stratfield Consulting clients and employees under CGI (GIB)?

Clients retain access to local, relationship-driven teams while gaining CGI's broader global capabilities and scale. According to the company, employees may see expanded opportunities through integration with CGI's wider delivery network.