CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of leading global IT and business consulting services firm CGI Inc. (TSX: GIB.A) (NYSE: GIB), today announced its intent to acquire Aeyon, a leader in digital transformation and Artificial Intelligence (AI) technologies, including data management, analytics and intelligent automation for the U.S. Federal Government. The acquisition further complements and expands CGI Federal’s offerings portfolio as well as relationships with critical national security clients, such as the Office of the Secretary of Defense, multiple branches and agencies of the U.S. military, the Federal Aviation Administration (FAA) and the National Aeronautics and Space Administration (NASA). The parties entered into a definitive purchase agreement on June 22, 2024, relating to the transaction, which is expected to close in the fourth quarter of CGI’s fiscal year 2024, subject to regulatory approvals and other customary closing conditions.
“We look forward to welcoming the 725 Aeyon employees whose deep experience and expertise in government transformation has meaningfully contributed to the missions of U.S. Federal Government organizations,” said Stephanie Mango, President, CGI Federal. “CGI and Aeyon share the same values and culture, and the combination of our firms further strengthens our position as a partner of choice for end-to-end services and mission-critical solutions across the U.S. Government.”
Aeyon President and CEO, Sunny Singh, commented, “By joining forces with CGI, our clients will benefit significantly from their access to new and complementary global capabilities, greater scale and opportunities to enhance and broaden their mission impact; and for our employees the opportunities to advance their careers with an industry leader are also significant. We are thrilled to combine our capabilities, strengthen our offerings and advance our history of delivering innovative, trusted digital transformation, data, and intelligent automation services and solutions to our clients.”
“Together, CGI and Aeyon are a great cultural fit—we share a strong commitment to client missions and our employees and our communities as well as a reputation for delivery excellence and innovation based on deep domain knowledge and technical expertise,” said Horace Blackman, Senior Vice-President, CGI Federal Defense and Intelligence. “Our talented consultants are the backbone of our business and we are excited to embrace the world-class Aeyon team members as part of the CGI family.”
In the U.S., CGI has consultants and professionals located in 80 offices organized through a metro market proximity model and supported by the depth of the company’s global presence, end-to-end range of services and solutions, and insights to deliver value locally.
Aeyon is backed by Enlightenment Capital, a private investment firm that makes control and strategic, non-control investments in middle market companies in the Aerospace, Defense, Government & Technology (ADG&T) sector.
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