in ,

CGI Eyes Business Expansion Via Acquisitions; George Schindler Comments

CGI Eyes Business Expansion Via Acquisitions; George Schindler Comments - top government contractors - best government contracting event
George Schindler
CGI Eyes Business Expansion Via Acquisitions; George Schindler Comments - top government contractors - best government contracting event
George Schindler

CGI intends to make more acquisitions as part of its business expansion efforts and the Canada-based information technology consulting firm indicated it has at least 780 companies in its “active“ pipeline, CRN reported Wednesday.

“Over 80 percent of that current funnel, and we’ll be adding to that, is generated from clients and business leaders, not just from investment bankers,“ CGI CEO George Schindler said.

“That tells you something about how fragmented the industry is, but also the interest in (CGI) and the need [for us] to continue to be a consolidator,“ Schindler added.

Some of the companies acquired by CGI over the past year include Colorado-based IT consulting firm ECS Team, Alabama-based software consulting firm CTS and Boston, Massachusetts-based Collaborative Consulting.

Schindler said those transactions share a common factor and that is the inability of small firms to meet digital transformation demand from large enterprises.

This story was originally published on August 4, 2017.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

Executive Spotlight: Interview with Stu Shea, CEO of Peraton - top government contractors - best government contracting event

Executive Spotlight: Interview with Stu Shea, CEO of Peraton

Northrop, Raytheon BBN Secure DARPA Contracts to Develop 'Swarm' Unmanned Systems - top government contractors - best government contracting event

Northrop, Raytheon BBN Secure DARPA Contracts to Develop ‘Swarm’ Unmanned Systems