CIBER Acquires Century Computer Consultants; Leverages Joint Customer Base to Strengthen Position in Kansas City Market.Business Editors, Technology Writers GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Sept. 4, 2001 CIBER CIBER Center for International Business Education and Research (various locations) CIBER Center for International Business and Research (Michigan State University) CIBER Cellular Inter-Carrier Billing Exchange Record , Inc. (NYSE NYSE See: New York Stock Exchange :CBR (1) (Computer-Based Reference) Reference materials accessible by computer in order to help people do their jobs quicker. For example, this database on disk! (2) (Constant Bit Rate) A uniform transmission rate. ) today announced the merger of Overland Park Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kansas-based Century Computer Consultants, Inc. into CIBER. This business combination will help solidify CIBER's presence in the Kansas City market by expanding existing customer relationships and establishing new ones. Founded in 1990 by Dennis Baumann, Century provides information technology services to Fortune 500 companies in diversified industries that include telecommunications, retail, pharmaceutical, manufacturing, transportation, health care and finance. The company has successfully grown revenue and profits in a very challenging environment. "Century represents a great fit for CIBER," said David Durham, CIBER's Chief Financial Officer. "They have a long and successful track record with many of the top companies in Kansas City, and share our same philosophy with respect to disciplined financial performance. We view this transaction as an opportunity to expand Century's traditional service offerings within several great accounts, while at the same time adding to CIBER's overall profitability, " Durham concluded. "We met with several companies that had interest in combining with Century, and CIBER emerged as the best choice," said Dennis Baumann, Century's President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "They clearly understand our business, provide a strong platform to help us expand our services and offer a great environment for the professional growth of our employees," Baumann concluded. "We are very pleased that Century's Executive Vice President, Tim Van Wyngarden will continue with CIBER as Area Director for our combined Kansas City operation," said Joe Mancuso, CIBER's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Over the past eighteen months, Tim has done a fine job managing and growing Century's operation, and we expect great things from Tim running a larger enterprise. Century will add approximately 70 consultants to our existing Kansas City office bringing our total to approximately 120, positioning us well to become a major force in that market," Mancuso concluded. Under the agreement, Century and CIBER will merge and operate under the name CIBER. The transaction will be accounted for using the purchase method of accounting. Consideration paid by CIBER will be a combination of cash and stock. About CIBER CIBER, Inc. (NYSE: CBR) is a leading international, e-business integrator, providing IT services for Internet strategy and development, complete life cycle system integration (from customer quotation through cash collection), with superior value-priced services for both private and government sector clients. CIBER's services are offered on a project or strategic staffing basis, in both custom and enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974, the company's consultants now serve client businesses from 35 CIBER, 15 DigiTerra, three Solution Partners and four Enspherics offices in the U.S., Canada and Europe. With offices in six countries, CIBER's 5,000 IT specialists continuously build and upgrade our clients' systems to "competitive advantage status." About Century Computer Consultants Century Computer Consultants is a supplier of information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. services for Fortune 500 clients and other organizations across the country. The company's technology center is dedicated to finding, training and empowering consultants, who help clients address their business challenges by utilizing advanced technology solutions. This news release may include statements that may constitute "forward-looking statements," including estimates of future business prospects or financial results and statements containing the words "believe," "expect," or similar expressions. Any forward-looking statements herein are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. There are many factors that could cause actual results of CIBER and its subsidiaries (collectively, the "Company") to differ materially from forward-looking statements. Please refer to a discussion of these factors in the Company's Annual Reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 10-Qs and other Securities and Exchange Commission filings, which are incorporated herein by reference. The Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. |
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