CGI to merge with Daughtery

CGI (GIB) signed an equity purchase agreement to merge operations with Daugherty, a St. Louis-based professional services firm specializing in artificial intelligence, data analytics, strategic IT consulting, and business advisory services for Fortune 500 clients in the financial services, healthcare, communications, retail and manufacturing sectors. The merger of operations brings more than 1,100 consultants to CGI. The parties entered into a purchase agreement on November 29 and the transaction is expected to close in December, subject to regulatory approval and other customary closing conditions.