Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

CGI Announces 3-Yr, $200M Contract Extension With State Of California

Author: Benzinga Newsdesk | July 24, 2025 05:34am

Enhancements to improve efficiency, security, and accessibility for the state's caregiver payment platform

SACRAMENTO, Calif., July 24, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's leading independent technology and professional services firms, today announced a three-year, US$200-million contract extension with the State of California. Under the agreement, CGI will continue delivering end-to-end managed services for the Case Management, Information and Payrolling System (CMIPS), which supports California's In-Home Supportive Services (IHSS) program. The program provides essential care to over 850,000 recipients and employs more than 760,000 caregivers.

As a trusted technology partner, CGI has consistently delivered high-quality solutions to improve the IHSS program. The continued collaboration with the California Department of Social Services (CDSS) has led to improvements in several key areas: streamlined payroll and case management processes, reduced administrative overhead, strengthened security, and improved service delivery for caregivers and those they serve.

CGI will maintain its delivery of comprehensive business process outsourcing (BPO) and IT services, supporting the efficiency, security and accessibility of IHSS payroll processing for caregivers and beneficiaries across the state. Since its inception, CGI's partnership with the state has driven significant advancements in digital transformation, including migrating legacy infrastructure to the cloud, digitizing timesheets and W-2s, and introducing DevOps automation to improve system reliability and speed. The system processes over 1.5 million payroll payments each month, totaling more than $19 billion annually, ensuring that caregivers across California receive timely and accurate compensation while families get the support they need without administrative barriers.

Posted In: GIB TSX:GIB

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist