CGI Federal To Acquire Aeyon, Enhancing Digital Transformation And AI Capabilities For U.S. Federal Government; Strengthens Relationships With National Security Clients; Transaction Expected To Close In Q4 FY 2024; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
CGI Federal is set to acquire Aeyon to enhance its digital transformation and AI capabilities for the U.S. federal government. This acquisition is expected to strengthen CGI's relationships with national security clients. The transaction is anticipated to close in Q4 FY 2024, with terms not disclosed.
July 30, 2024 | 9:00 pm
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CGI Federal's acquisition of Aeyon is aimed at enhancing its digital transformation and AI capabilities for the U.S. federal government, which is expected to strengthen its relationships with national security clients. The transaction is expected to close in Q4 FY 2024.
The acquisition of Aeyon by CGI Federal is likely to enhance CGI's service offerings in digital transformation and AI, particularly for the U.S. federal government. This could lead to stronger relationships with national security clients and potentially more contracts, positively impacting GIB's stock price in the short term.
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