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  • Friday, November 22, 2024

CGI Federal Buys Array in Government Market Expansion Push; Stephanie Mango Quoted

CGI’s (NYSE: GIB) federal arm has closed its acquisition of digital services provider Array for an undisclosed sum as part of efforts to add DevOps and digital modernization capabilities and expand its presence into the U.S. Air Force, Space Command and other strategic markets.

“This transaction is consistent with CGI’s ‘Build and Buy’ strategy and will expand CGI’s reach into strategic public sector markets,” CGI Federal President Stephanie Mango said in a statement released Monday.

CGI Federal will integrate approximately 275 employees from Array and further strengthen its efforts to deliver DevSecOps, data analytics, cybersecurity, cloud and other digital modernization services to federal, local and state government clients.

Investment bank The McLean Group acted as financial adviser to the acquired company. The completion of the deal coincides with CGI Federal’s reorganization of its business structure aimed to align its operating units to the priorities of government customers.

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