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SP500: CGI Bids For Logica; ePlus Restates Financials

By Jennifer Bosavage CRN
12:00 PM ET Wed. Jun. 06, 2012
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CGI Makes Play For Logica

CGI Group made an offer to buy Logica PLC, a business and technology services consulting and outsourcing company, for $2.6 billion. The deal would significantly expand CGI's geographic reach, providing access to Europe and Asia. If completed, analysts said the Logica acquisition would be another bold move for CGI, following its August 2010 acquisition of Stanley Inc., an IT services and solutions provider to the federal government, for $1.1 billion.

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