Friday, provider of information technology and business process services CGI Group Inc. (GIB), said it signed a 3-year, US$40 million, support contract with the State of Louisiana, Division of Administration, Office of Community Development/Disaster Recovery Unit, or OCD/DRU.
The Montreal, Canada-based company stated that it has been chosen by OCD/DRU to provide application maintenance, user support, data warehouse services and reporting, as well as disaster recovery and continuity of operations planning to support Louisiana's ongoing Road Home Program.
CGI said the program, which is the largest single housing recovery program in U.S. history, was established in the wake of Hurricanes Katrina and Rita to extend financial help to property owners.
CGI team includes Sparkhound and Blue Streak Technologies as local Baton Rouge based partners.
GIB is currently trading at $8.57, down $0.03 or 0.35% on the NYSE.
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