CGI secures 10-year contract extension with Colorado Parks and Wildlife
CGI (NYSE: GIB) has secured a 10-year contract extension with Colorado Parks and Wildlife (CPW) to continue providing its cloud-based CGI Advantage Performance Budgeting solution. The partnership will enhance CPW's financial management through advanced analytics, improved data visualization, and Testing as a Service (TaaS) capabilities.
The system will integrate with CGI Advantage Financial Management and Colorado's CORE platform, enabling better budget forecasting and compliance tracking for awards and grants. CPW, which manages 43 state parks and over 350 wildlife areas, relies on diverse funding sources, with more than 90% of its budget coming from non-tax revenues including hunting and fishing licenses, park fees, and federal excise taxes.
CGI (NYSE: GIB) ha ottenuto un prolungamento del contratto di 10 anni con Colorado Parks and Wildlife (CPW) per continuare a fornire la sua soluzione cloud-based CGI Advantage Performance Budgeting. La collaborazione migliorerà la gestione finanziaria di CPW grazie a analisi avanzate, una migliore visualizzazione dei dati e funzionalità di Testing as a Service (TaaS).
Il sistema si integrerà con CGI Advantage Financial Management e la piattaforma CORE del Colorado, permettendo una migliore previsione del budget e il monitoraggio della conformità per premi e sovvenzioni. CPW, che gestisce 43 parchi statali e oltre 350 aree faunistiche, si basa su fonti di finanziamento diversificate, con oltre il 90% del suo budget proveniente da entrate non fiscali, tra cui licenze di caccia e pesca, tariffe dei parchi e tasse federali di consumo.
CGI (NYSE: GIB) ha asegurado una extensión de contrato de 10 años con Colorado Parks and Wildlife (CPW) para continuar proporcionando su solución en la nube CGI Advantage Performance Budgeting. La asociación mejorará la gestión financiera de CPW mediante análisis avanzados, mejor visualización de datos y capacidades de Testing as a Service (TaaS).
El sistema se integrará con CGI Advantage Financial Management y la plataforma CORE de Colorado, permitiendo una mejor previsión presupuestaria y seguimiento del cumplimiento para premios y subvenciones. CPW, que administra 43 parques estatales y más de 350 áreas de vida silvestre, depende de diversas fuentes de financiamiento, con más del 90% de su presupuesto proveniente de ingresos no fiscales, incluyendo licencias de caza y pesca, tarifas de parques e impuestos federales especiales.
CGI (NYSE: GIB)는 콜로라도 공원 및 야생동물국(CPW)과의 10년 계약 연장을 확보하여 클라우드 기반 CGI Advantage Performance Budgeting 솔루션을 계속 제공하게 되었습니다. 이번 파트너십은 고급 분석, 향상된 데이터 시각화, Testing as a Service(TaaS) 기능을 통해 CPW의 재무 관리를 강화할 것입니다.
이 시스템은 CGI Advantage Financial Management 및 콜로라도의 CORE 플랫폼과 통합되어 예산 예측과 수상 및 보조금 준수 추적을 개선할 수 있습니다. 43개의 주립공원과 350개 이상의 야생동물 보호구역을 관리하는 CPW는 사냥 및 낚시 허가증, 공원 요금, 연방 소비세 등 비과세 수입이 예산의 90% 이상을 차지하는 다양한 자금원을 활용하고 있습니다.
CGI (NYSE : GIB) a obtenu une prolongation de contrat de 10 ans avec Colorado Parks and Wildlife (CPW) pour continuer à fournir sa solution cloud CGI Advantage Performance Budgeting. Ce partenariat renforcera la gestion financière de CPW grâce à des analyses avancées, une meilleure visualisation des données et des capacités de Testing as a Service (TaaS).
Le système s'intégrera à CGI Advantage Financial Management et à la plateforme CORE du Colorado, permettant une meilleure prévision budgétaire et un suivi de la conformité pour les subventions et les aides. CPW, qui gère 43 parcs d'État et plus de 350 zones fauniques, dépend de sources de financement diverses, avec plus de 90 % de son budget provenant de recettes non fiscales, notamment les licences de chasse et de pêche, les droits des parcs et les taxes fédérales d'accise.
CGI (NYSE: GIB) hat eine 10-jährige Vertragsverlängerung mit Colorado Parks and Wildlife (CPW) gesichert, um weiterhin seine cloudbasierte CGI Advantage Performance Budgeting-Lösung bereitzustellen. Die Partnerschaft wird das Finanzmanagement von CPW durch fortschrittliche Analysen, verbesserte Datenvisualisierung und Testing as a Service (TaaS)-Funktionen verbessern.
Das System wird in CGI Advantage Financial Management und die CORE-Plattform von Colorado integriert, was eine bessere Budgetprognose und die Nachverfolgung der Einhaltung von Auszeichnungen und Zuschüssen ermöglicht. CPW, das 43 Staatsparks und über 350 Wildschutzgebiete verwaltet, ist auf vielfältige Finanzierungsquellen angewiesen, wobei mehr als 90 % seines Budgets aus nichtsteuerlichen Einnahmen stammen, darunter Jagd- und Fischereilizenzen, Parkgebühren und bundesstaatliche Verbrauchssteuern.
- Secured 10-year contract extension with a state agency, providing stable long-term revenue
- Strengthens CGI's position in government sector technology services
- Expands existing relationship through additional services like Testing as a Service (TaaS)
- None.
Insights
This 10-year contract extension secures long-term recurring revenue and validates CGI's specialized government technology solutions.
CGI's 10-year contract extension with Colorado Parks and Wildlife represents a significant business win that provides exceptional revenue visibility in the technology sector, where contract durations typically span just 1-3 years. This extended timeframe signals strong client satisfaction with CGI's Performance Budgeting solution and secures predictable revenue for a decade.
The relationship has evolved from basic service provision into a strategic partnership, evidenced by the planned enhancements to analytics capabilities, improved data visualization, and the addition of Testing as a Service (TaaS). This "land and expand" approach demonstrates CGI's ability to grow service offerings within existing accounts—a key growth strategy for professional services firms.
CPW's unique funding structure—drawing over
The integration between CGI's Performance Budgeting and Financial Management systems creates a comprehensive ecosystem that delivers greater value than standalone solutions while increasing switching costs. This interconnected approach helps secure CGI's position as a long-term technology partner rather than a replaceable vendor.
The community engagement component (10 volunteer events) indicates relationship depth beyond transactional interactions, which typically translates to higher client retention rates and potential referrals within government sectors.
For investors, this extension represents exactly what they value in technology service providers: predictable recurring revenue, strong client retention, and the ability to expand service offerings within established accounts. While financial terms aren't disclosed, the 10-year commitment provides exceptional revenue stability in a sector often characterized by shorter contract cycles.
Agency will enhance financial sustainability and operational efficiency with deployment of CGI Advantage® Performance Budgeting
"Performance Budgeting has been instrumental in allowing CPW to manage its financial resources," said Chuck Brown, Colorado Parks and Wildlife Budget and Policy Analyst. "CGI's continued support will deliver the tools and insights needed to optimize our budgeting processes, ensure financial compliance, and sustain our commitment to the state's conservation and recreational goals."
Under this extended contract, CGI will continue providing its innovative cloud-based CGI Advantage Performance Budgeting (PB) solution with enhancements, including advanced analytics and reporting capabilities, comprehensive testing tools to ensure system reliability, outcomes, and performance, and improved data visualization and reporting. CGI will also deliver expert Testing as a Service (TaaS) to support improved quality assurance and system integrity.
The integration of these solutions with CGI Advantage Financial Management will enhance CPW's business intelligence, enabling the alignment of performance budget forecasts with actuals, and ensuring rigorous tracking of compliance on awards and grants. This comprehensive approach supports CPW's objective of achieving financial sustainability and operational efficiency. Furthermore, the system will seamlessly integrate with the State's financial application, Colorado Operations Resource Engine (CORE), ensuring continuous operations on a trusted platform.
In addition to these technological advancements, CGI's partnership with CPW has also featured significant community engagement. Over the years, CGI has participated in 10 community volunteer events with CPW, including three Earth Day celebrations. These events, held two to three times annually, bring together volunteers from each organization and highlight the collaborative spirit and a shared commitment to community service.
"CGI is committed to driving the success of CPW's vital work in preserving
Colorado Parks and Wildlife, a state agency managing 43 state parks and over 350 wildlife areas, relies heavily on diverse funding sources. More than 90 percent of its budget comes from non-tax revenues, including hunting and fishing license sales, park passes and fees, registration fees, and federal excise taxes on hunting and fishing gear.
About CGI Advantage
CGI Advantage is a unified ERP platform featuring a powerful combination of modern technology and built-for-government solutions. This secure, intuitive platform organically meets state and local government requirements and streamlines financial management, human resources, performance budgeting, procurement, and business intelligence operations. A proven solution, CGI Advantage is based on more than 46 years of public sector expertise and is supported by an active client community that values innovation and access to CGI's global network of experts. Learn more at cgi.com/advantage.
About CGI
Founded in 1976, CGI is among the largest independent technology and professional services companies 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 2024 reported revenue is CA
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SOURCE CGI Technologies and Solutions, Inc.
FAQ
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