RE: CGI ?
It would not surprise me to see Cognicase as a CGI takeover target.
I have owned CGI stock for quite some time and follow it closely. They have made it public knowledge that they are on an acquition spree. With the resources of Bell behind them and a solid bank account they can do what they want. As a new COG stockholder (I was Ezenet before) I have not done a huge amount of background research on the company but with what I have seen so far, it would fit in well with CGI and the lastest deals only make it more appealing.
Just my opinion,
AR
In the last year CGI has acquired: Loyaltech, star Data, RSI Realtime Consulting, CU Processing, APG Solutions and the systems division of Geomat International.
If you don't know CGI, the following may help -- it was taken from their website.
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of more than 13,000 professionals. CGI's annualized revenue run-rate totals US$1.3 billion (CDN$2.0 billion). CGI's order backlog currently totals US$5.7 billion (CDN$8.8 billion). CGI provides end-to-end IT services and business solutions to more than 3,000 clients in the United States, Canada, the United Kingdom, France, India, Japan, and Australia from more than 60 offices in more than 20 countries. CGI's shares are listed on the NYSE (GIB) and the TSE (GIB.A). They are included in the TSE 300 Composite Index as well as the S&P/TSE Canadian Information Technology and Canadian MidCap Indices.
CGI provides the full range of IT services including consulting, systems integration and the management of business and IT functions. The company's primary focus is large scale systems integration and outsourcing contracts. The latter now represent 61% (based on the run-rate) of revenue, with systems integration and consulting representing 39%.
CGI targets niche markets where it has developed specialized expertise - financial services and telecommunications which are its two largest sectors, plus manufacturing to retail value chain, government including the healthcare sector, as well as public utilities and services.