CGI Acquires ARRAY Information Technology, Inc.
Expands footprint into U.S. Air Force and Space Command
October 4, 2021 Fairfax, Virginia – CGI (NYSE: GIB) (TSX: GIB.A) announced its acquisition of ARRAY Information Technology, Inc., a leading application service provider that leverages its expertise to optimize mission performance for U.S. Department of Defense and other government organizations. This merger will expand CGI’s footprint into strategic markets, such as the U.S. Air Force and Space Command, and strengthen its digital modernization and DevOps capabilities. The McLean Group advised ARRAY Technologies, Inc. on its sale; the terms of the transaction were not disclosed.
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.”
Furthermore, The McLean Group Managing Director Mitchell Martin commented, “This transaction was a fantastic outcome for both ARRAY and CGI and it was an honor to work with Sumeet Shrivastava, Bob Deegan and the rest of the ARRAY leadership team.“
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 78,000 consultants and other 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. With Fiscal 2020 reported revenue of C$12.16 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at www.cgi.com.
About ARRAY Information Technology Inc.
Founded in 1997, Array Information Technology is a leading provider of enterprise application services, software development, systems engineering, and critical mission support solutions to the federal government. To learn more, please visit www.arrayinfotech.com
About The McLean Group
The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firm’s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
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