CIBER Acquires Digital Software Corporation.ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 4, 1999-- 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. ("CIBER") (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. ) announced today the acquisition of privately-held Digital Software Corporation ("DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. "), a provider of software engineering services headquartered in Aurora, Colo. "By acquiring DSC, we are enhancing CIBER's Federal Systems practice which was established in March 1998. DSC brings us additional head-count, new day-to-day sales management and more depth to CIBER's government contract client base. The combination makes CIBER even more important to select major contractors in this space," stated Mac Slingerlend, CIBER's President/CEO. "We are also pleased to announce that Roger Laton, DSC's President, will assist CIBER as a Management Consultant and Sandi Snyder, EVP of DSC will join CIBER as the Practice Leader of our Federal Systems practice in the Denver marketplace." "DSC is excited about joining CIBER, Inc. as we feel that our DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. engineering expertise will augment the broad array of disciplines and business areas already in the CIBER mainstream. We are looking forward to a synergistic and seamless transition," stated Mr. Laton. DSC employs approximately 100 consultants and generates annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of over $8 million; the combination will be accounted for using purchase method of accounting. CIBER, Inc. is a premier provider of system integration consulting services. Employing 6,700+ employees located in over 45 major cities in more than 20 states plus Canada, CIBER offers leveraged information technology integration solutions in five principal areas: management consulting, aligning business/IT solutions (including E-Business, data warehousing and middleware integration), enterprise applications solutions (EAS/ERP) implementation and outsourcing services, enterprise integration and network services consulting, and professional services. "Safe Harbor" Statement under 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: Forward-looking statements involve risks and uncertainties that could cause actual results to vary materially from such statements. Please refer to discussions of certain of these risks and uncertainties in the Company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings. |
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