-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KLIK+dNdiIxzddCKDMebHyuLxPNz0YagbrQMUEJQDQzrKO2wE1JMv/lZpwpbZIOa /UFN3vnp8LgCt94Int70ug== 0000895345-01-000121.txt : 20010307 0000895345-01-000121.hdr.sgml : 20010307 ACCESSION NUMBER: 0000895345-01-000121 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010302 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IMRGLOBAL CORP CENTRAL INDEX KEY: 0001021772 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 592911475 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: SEC FILE NUMBER: 000-28840 FILM NUMBER: 1560497 BUSINESS ADDRESS: STREET 1: 100 SOUTH MISSOURI AVENUE CITY: CLEARWATER STATE: FL ZIP: 33756 BUSINESS PHONE: 7274678000 MAIL ADDRESS: STREET 1: 100 SOUTH MISSOURI AVENUE CITY: CLEARWATER STATE: FL ZIP: 33756 FORMER COMPANY: FORMER CONFORMED NAME: INFORMATION MANAGEMENT RESOURCES INC DATE OF NAME CHANGE: 19960828 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CGI GROUP INC CENTRAL INDEX KEY: 0001061574 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 1130 SHERBROOKE ST WEST STREET 2: 5TH FL CITY: MONTREAL QUEBEC CANA STATE: E6 BUSINESS PHONE: 5148413200 MAIL ADDRESS: STREET 1: 1130 SHERBROOKE ST WEST STREET 2: 5TH FLOOR CITY: MONTREAL QUEBEC STATE: E6 425 1 0001.txt Filer: CGI Group Inc. Subject Company: IMRglobal Corp. Commission File No.: 1-14858 This communication is filed pursuant to Rules 165 and 425 promulgated under the Securities Act of 1933, as amended. BUILDING CRITICAL MASS IN THE US While Extending Global Reach OFFICES On February 21, 2001, CGI Group Inc. (NYSE: GIB; TSE: GIB.A) and IMRglobal, Corp. (Nasdaq: IMRS) announced a merger Canada agreement whereby CGI will acquire IMRglobal. United States - Critical mass positions CGI as a significant player in the large IT outsourcing market in the US United Kingdom - Increases vertical market expertise, particularly in financial services and fast growing healthcare industry in France the US - Provides a high quality, low cost remote IT delivery model Japan - Integration of acquisitions a core competency of CGI - Merger increases revenue and margin potential Australia The combined organization will have close to 13,000 employees Portugal in more than 60 offices in 24 countries, serving more than 3,000 clients, mainly Global 2000 organizations. Annualized Uruguay revenue run rate in the July-September 2001 quarter is expected to be US$1.3 billion (CDN$2 billion), reflecting completion of all acquisitions and contract wins announced to date. DATA CENTERS The offer: - 1.5974 Class A Subordinate shares of CGI for each share of Canada IMRglobal Common Stock, equivalent to US$9.50 per IMRglobal share, for a total price of US$438 million (CDN$670 United Kingdom million), based on the closing price as at February 16, 2001 - Represents 44.8% premium over the closing price of IMRglobal shares February 16, 2001 and 1.7 times last 12 months' revenue DEVELOPMENT - Conditional on normal regulatory approvals and approval by CENTERS shareholders representing 51% of IMRglobal Common Stock at a special meeting to be held in May 2001 India - The Board of IMRglobal has unanimously approved the transaction VALUE CREATION Financial - Neutral to slightly accretive to cash earnings per share - Synergies to result from cost savings and margin expansion - Additional potential through signing of large outsourcing contracts and cross-selling - Maintains strong balance sheet, with additional cash and very low debt to equity ratio VALUE CREATION Operational - Provides critical mass to position CGI as a significant player in the large IT outsourcing market in the US - Provides strong cross-selling opportunities in the US and Europe - Strengthens expertise and presence in CGIs vertical markets, particularly in financial services and fast growing healthcare industry in the US - High potential remote delivery model to be leveraged to increase business and expand margins: - High quality, low cost client support through two applications development and maintenance centers in India - Three modern IT data centers in Canada for large IT outsourcing contracts in the US - Quality methodology ensures delivery on time and on budget and contributes to client wins and high retention rate. CGI's operations are ISO 9001 certified; IMRglobal's operations in India are ISO 9001 certified and SEI CMM level 4 certified - Provides respective clients with greater depth and breadth of services - Expands base of Global 2000 clients, with little overlap of respective client lists - Adds strong management and IT professionals with local presence and relationships ABOUT CGI www.cgi.ca - Largest independent Canadian IT consulting firm and one of the largest in North America, with 10,000 employees in 40 offices in 20 countries - Revenue CAGR past five years of 71.5%; revenue in fiscal 2000 ended September 30 of US$957.3 billion (CDN$ 1.4 billion) - Order backlog totalling US$4.6 billion (CDN$7.0 billion) - Targets Global 2000 organizations in five vertical markets: telecommunications (46% of revenue), financial services (26%), manufacturing-retail distribution value chain(15%), governments (11%) and public utilities and services (2%) ABOUT IMRglobal www.IMRglobal.com - Leading US provider of IT solutions to Global 2000 companies, with 2,750 employees in 34 offices in 7 countries - Revenue CAGR past five years of 69.6%; revenue in fiscal 2000 ended December 31 of US$256.2 million (CDN$394 million) and an order backlog of US$200 million (CDN$306 million) - Targets three vertical markets: financial services (51%), healthcare and government (15%), and commercial services including utilities, retail and manufacturing/distribution (34%) CHARTS Geographic and Vertical Markets Combined Operations Post Merger [PIE CHART] [o International 16% o Canada 58% o US 26%] [PIE CHART] [o Healthcare and Government 12% o Telecommunications 36% o Manufacturing/Retail/Distribution, Utilities and Services 21% o Financial Services 31%] CONTACT Visit the respective Web sites at www.cgi.ca and www.imrglobal.com or contact: Ronald White Director, Investor Relations, CGI Group 1130 Sherbrooke Street West, 5th Floor Montreal, Quebec H3A 2M8 T: (514) 841-3230 e: ronald.white@cgi.ca [LOGO] Investors are urged to read the relevant documents that will be filed with the US Securities & Exchange Commission (SEC) by CGI Group Inc. and IMRglobal, Corp. in connection with the merger because they will contain important information, including the identities of the participants in any solicitation of proxies or consents from IMRglobal, Corp. shareholders and a description of such participants' interests in any such solicitation. You will be able to obtain a free copy of the documents filed with the SEC by CGI Group Inc. and IMRglobal Corp. at the SEC's website, www.sec.gov. CGI Group Inc. and IMRglobal, Corp. investors will also be able to obtain a free copy of the relevant documents by contacting: Contact information CGI Investor Enquiries Ronald White Director, investor relations (514) 841-3230 Media Enquiries Eileen Murphy Director, media relations (514) 841-3430 IMRglobal Investor Relations Department (727) 467-8163 Proxy Statement Information In connection with the proposed merger, IMRglobal will be filing a proxy statement with the SEC. Security holders of IMRglobal and investors are urged to read the proxy statement when it becomes available because it contains important information regarding the proposed merger. Investors and shareholders may obtain a free copy of the proxy statement when it becomes available and other documents filed by IMRglobal and furnished by CGI with the SEC in connection with the merger at the SEC's web-site at www.sec.gov. Shareholders of IMRglobal and investors may also obtain for free a copy of the proxy statement and other documents filed with the SEC by IMRglobal in connection with the proposed merger by contacting the IMRglobal investor relations department at (727) 467-8163. Shareholders of IMRglobal and investors may also obtain for free documents furnished to the SEC by CGI in connection with the merger by contacting the CGI investor relations department at (514) 841-3230. Information Concerning Participants IMRglobal and its directors and executive officers may be deemed to be participants in the solicitation of proxies from security holders of IMRglobal in favor of the merger. The directors and executive officers of IMRglobal include the following: Satish K. Sanan; Jeffery S. Slowgrove; Vicent Addonisio; Philip Shipperlee; Charles C. Luthin; and Michael Dean. If you are interested in obtaining information on the beneficial interests of IMRglobal's directors and executive officers in IMRglobal common stock, we encourage you to obtain, free of charge, the proxy statement for IMRglobal's 2000 Annual Meeting of Shareholders filed with the SEC on April 27, 2000. This document is available on the Internet at the SEC's web-site at www.sec.gov or from IMRglobal by contacting the IMRglobal investor relations department at (727) 467-8163. -----END PRIVACY-ENHANCED MESSAGE-----