Benzinga | Oct 4, 2021 02:37PM EDT

CGI Reports Its Federal Unit Purchases Array Holding, No Terms Disclosed

CGI Inc. (NYSE:GIB) (TSX:GIB) announces that CGI Federal Inc. acquired Array Holding Company, Inc. (ARRAY) a leading digital services provider that optimizes mission performance for the U.S. Department of Defense and other government organizations. This merger will expand CGI Federal's footprint into strategic markets, such as the U.S. Air Force and Space Command and add to its digital modernization and DevOps capabilities. The two companies entered into a definitive agreement on July 16, 2021 and the transaction closed on Oct. 1, 2021.

ARRAY brings approximately 275 professionals to CGI, while enhancing and accelerating CGI's position as a leading provider of digital modernization services to meet the growing demand of U.S. public sector clients. The combined portfolio of enterprise application expertise in modernization, DevSecOps, cloud, data analytics and cybersecurity further strengthens CGI's position as a powerful end-to-end solutions provider to federal, state and local governments.

"ARRAY has made significant contributions to the missions of U.S. government organizations," said CGI Federal President Stephanie Mango. "This transaction is consistent with CGI's 'Build and Buy' strategy and will expand CGI's reach into strategic public sector markets."