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CGI Group Software Solution to be Used for eHealth Exchange

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Canada-based global information technology company CGI Group Inc.’s (GIB - Free Report) subsidiary, CGI Federal Inc., recently announced that CONNECT Gateway has been certified for use in the eHealth Exchange program of non-profit organization, The Sequoia Project.

CGI Federal, in collaboration with U.S. Federal Health Architecture ("FHA"), has been developing CONNECT since 2010. It is an open-source platform that has earned a solid reputation for providing secured exchange of health information for more than 2000 organizations in the U.S. It also helps clients to enjoy benefits like program management, development, end-user support & training and so on.

The Sequoia Project manages eHealth Exchange – one of the most prominent health information exchange networks in the country. Safe operation of eHealth Exchange necessitates secure and interoperable exchange of health information, thanks to CONNECT, which is ideal for the job. eHealth Exchange helps in connecting over 100 million patients through both the U.S. federal agencies and non-federal organizations, including over 40% of hospitals.

CONNECT’s certification highlights its ability to comply with industry standards and provide secure health exchange information in a cost-effective manner. We believe that obtaining this certification is a major step forward for CGI Federal in supporting national health IT standards in the federal health domain. CGI Federal long-term growth strategy involves collaborating with federal agencies to foster development of state-of-the-art technology for defense, civilian, healthcare and intelligence missions.

However, of late, CGI Federal’s business has been hurt by lackluster performance in defense business. This apart, weaknesses in some end markets including Eastern, Central and Southern Europe are weighing on the CGI Group’s financials. Especially, ongoing industry-wide challenges in Germany, stemming from the Dutch public sector, are increasing CGI Group’s challenges.

CGI Group currently holds Zacks Rank #4 (Sell). Some better-ranked stocks include CSG Systems International, Inc. (CSGS - Free Report) , Ebix Inc. and Forrester Research, Inc. (FORR - Free Report) . All three stocks carry a Zacks Rank #2 (Buy).

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