Successful Bid for Logibec Groupe Informatique Ltée

July 20, 2010


Montréal, July 16, 2010 - Logibec Groupe Informatique Ltée (TSX: LGI) ("Logibec") and OMERS Private Equity Inc. ("OPE") jointly announced today that 8,896,520 common shares of Logibec, representing approximately 98% of the outstanding Logibec common shares, have been tendered to the offer dated June 10, 2010 (the "Offer") made by OPE LGI Inc. (the "Offeror") to acquire all of the issued and outstanding common shares of Logibec at a price of $26.00 per common share. As all of the conditions of the Offer have now been satisfied, the Offeror has taken-up all of the Logibec common shares tendered to the Offer. The Offer is not being extended. The Offeror intends to acquire all of the common shares that were not deposited under the Offer pursuant to the compulsory acquisition provisions of the Canada Business Corporations Act. As previously announced, in connection with the completion of the Offer, Mr. Claude Roy has resigned as President and Chief Executive Officer of Logibec in order to pursue other projects. The Offeror expects to reach an agreement with Marc P. Brunet, the current Chief Financial Officer of Logibec and President and Chief Executive Officer of its US subsidiary, MDI Achieve, Inc. pursuant to which he will become President and Chief Executive Officer of Logibec. Also in connection with the completion of the Offer, the existing board of directors of Logibec will be replaced by nominees of the Offeror. Shareholders with questions about the Offer may call Kingsdale Shareholder Services Inc., the Information Agent in connection with the Offer at its North American toll free number 1-888-518-6832 or 416-867-2272 outside of North America or by email at


Logibec is among the fastest-growing North American companies specializing in information systems for the health and social services sector. In Canada, Logibec services the full spectrum of healthcare facilities, from acute care hospitals to community care centres, including healthcare authorities, with a strong market presence in Québec. Logibec's wholly-owned subsidiary, MDI Achieve Inc., is a leader in the U.S. eldercare market with a customer base of over 7,000 facilities and communities. An experienced team of approximately 430 professionals allows Logibec to distinguish itself in these markets. Logibec has its head office in Montreal as well as offices in Quebec City, Edmonton, St. Louis, Minneapolis and Dallas.


The Offeror is a new acquisition company majority owned, indirectly, by OMERS Administration Corporation for and on behalf of the OMERS pension plans ("OMERS") and in which Société générale de financement du Québec has made an indirect minority equity commitment. The Offeror is managed by OPE, which currently has over $4 billion of assets under management and is the entity responsible for identifying and managing the private equity investments of OMERS. OMERS is one of Canada's largest pension plans with more than $48 billion invested in a wide range of companies and assets around the world. For further information visit:


For more information, please contact:

OMERS Private Equity Inc.
Paul Renaud
President and Chief Executive Office
OMERS Private Equity Inc.
John Pierce
Vice President, Corporate Communications
Logibec Groupe Informatique Ltd.
Marc P. Brunet
Chief Financial Officer


Certain statements contained in this news release may contain projections and "forward-looking statements" within the meaning of that phrase under Canadian securities laws. When used in this new release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward-looking statements. Those statements reflect the Company's current views with respect to future events or conditions, including prospective results of operations, financial position, and predictions of future actions, plans or strategies. By their nature, those statements reflect management's current views, beliefs and assumptions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks associated with the Offer, technology changes, development of new products, proper performance of our software, the reliability of our payroll processing services, the protection and privacy of personal information which we hold, the risks associated with credit, bank financing and the exchange rate of the U.S. currency, market concentration, recruitment and hiring of competent personnel and access to tax credits. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward-looking statements. The Company and the Offeror do not intend and does not assume any obligation to update these forward-looking statements whether as a result of new information, plans, events or otherwise, unless required by law.