FAIRFAX, Va. - CGI Federal Inc., a subsidiary of global IT and business consulting services firm CGI Inc. (TSX: GIB.A) (NYSE: GIB), announced today its plan to acquire Aeyon, a company specializing in digital transformation and artificial intelligence for the U.S. Federal Government.
The acquisition is aimed at enhancing CGI Federal's service offerings and strengthening its relationships with key national security clients, including the Department of Defense and NASA.
The agreement to purchase Aeyon was finalized on June 22, 2024, with the transaction expected to be completed in the fourth quarter of CGI's fiscal year 2024, pending regulatory and customary closing conditions.
Stephanie Mango, President of CGI Federal, expressed enthusiasm for the addition of Aeyon's 725 employees, whose expertise in government transformation will support the missions of U.S. Federal Government organizations. Mango highlighted the alignment in values and culture between the two companies, which she believes will solidify CGI's position as a preferred partner for comprehensive services and solutions.
Aeyon's President and CEO, Sunny Singh, remarked on the benefits for clients and employees resulting from the merger, including access to global capabilities and enhanced career opportunities.
Horace Blackman, Senior Vice-President of CGI Federal Defense and Intelligence, also commented on the cultural synergy and shared commitment to client missions, employee welfare, and community engagement.
CGI, with a global network of 90,000 consultants and professionals, reported CA$14.30 billion in revenue for fiscal 2023. The company is recognized for its strategic IT and business consulting, systems integration, and managed IT and business process services.
The acquisition is supported by Enlightenment Capital, an investor in Aeyon, which focuses on the Aerospace, Defense, Government & Technology sector.
This expansion move is based on a press release statement and is subject to the customary closing conditions and regulatory approvals.
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