CGI acquires asset management specialist Sunflower Systems

IT consultancy CGI has acquired Sunflower Systems, a San Ramon, California–based provider of asset management software and services for the public sector.

Sunflower Systems specializes in deploying software tools that simplify asset management tasks, with solutions that improve decision-making, accountability, and regulatory compliance across personal property, real property, IT assets, materials, vehicles, weapons, and more.

Founded in 1997, the company’s services include software implementation, training, consulting, and operational support. Sunflower Systems’ clients include government agencies, universities, government contractors, law enforcement, and national laboratories. The company has offices in San Ramon, CA, and Arlington, VA.

The acquisition, which closed late last month, will enhance CGI’s Momentum federal government ERP software, which handles financial, acquisitions, budget, performance, fee, debt, and now, asset management as well.

"CGI's merger with Sunflower Systems is aligned to our Build and Buy strategy, providing opportunities to expand our offerings to the public and private sector, and offering IT modernization opportunities aligned with our strategy," Tim Hurlebaus, president of CGI Federal, said. "Sunflower Systems' industry-leading expertise and IP meet a critical need in an evolving and complex asset management market. Sunflower Systems member's deep expertise in asset management complements CGI's expertise in financial and acquisition management.”

CGI Senior Vice-President, Stephanie Mango, added, “We bring together two market leading solutions: CGI's Momentum Enterprise solution – a leading federal budget, financial, and acquisition solution – and Sunflower Systems' asset management solution. For agencies, this fully integrated solution will reduce cost of ownership, streamline operations, and provide comprehensive business analytics across the enterprise."

CGI recently won a 10-year, $222.9 million contract to create an electronic procurement system for the US Navy and Marine Corps, leveraging its Momentum Acquisitions software. The Acquisitions portion of the Momentum ERP software was also used to build the US Army’s standardized contract writing system.

The Montreal-based global IT consulting firm announced strong third quarter results, seeing revenues rise to $3.12 billion – up 6.1% over Q3 2018.