CGI Group Looks to Leverage Logica Acquisition and Expand in Asia; Michael Roach Comments

Michael Roach
Michael Roach

Michael Roach, CGI Group CEO, announced January 30 at the annual shareholder meeting that the company is looking to leverage its acquisition of Logica PLC and increase its presence in Asia, according to a Canadian Press article.

He said planning sessions will be conducted in June to create a three year road-map for the company.

One of CGI’s long-term goals is to expand its presence in the Asia-Pacific region by providing niche services such as intellectual property capabilities.

Roach said the build and buy model will remain central to CGI’s expansion strategy because it has allowed for the company to understand industry growth and movement.

Since August 2012, CGI has grown its operations from North America and Europe to other continents.

U.S. revenue increased by 20 percent from 2011, or 15 percent excluding the contribution from Logica.

Roach said the upsurge is due in part to the Affordable Care Act and several commercial deals in the U.S.

CGI also confirmed that it will conduct a renewed share buyback program as the company’s board allowed the re-acquisition of up to 10 percent of its public float.

CGI spent $21.7-million in 2012 to buy back over 1.1 million shares.

You may also be interested in...

John Coykendall Deloitte

Deloitte Selects John Coykendall to Lead Aerospace & Defense Sector; Paul Wellener Quoted

Deloitte has appointed John Coykendall, a principal at its consulting business, to lead the company’s U.S. aerospace and defense (A&D) sector within the U.S. industrial products and construction practice. Coykendall will also lead Deloitte's global aerospace and defense sector, succeeding Robin Lineberger, who will retire in May. 


Axonius Secures $100M Private Funding for Portfolio Development, Market Expansion Efforts

Asset management platform maker Axonius has secured $100 million in private funding to support the company’s efforts to update its cybersecurity portfolio, Reuters reported Monday.

Lockheed GPS IIIF

Eric Brown: Lockheed Plans On-Orbit GPS Satellite Servicing Feature

Eric Brown, senior director of military space mission strategy at Lockheed Martin, said the company is updating its satellite bus for the U.S. Air Force's GPS III follow-on satellite platform to facilitate hardware updates in orbit, SpaceNews reported Friday.