CIBER Amplifies e.Supply Chain Practice With Waterstone Acquisition.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Nov. 1, 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. (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 its acquisition of Waterstone Consulting, Inc., a Chicago-based management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm specializing in electronic commerce supply chain and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) solutions. Through this acquisition, CIBER will expand its e.Supply Chain practice, which it expects to rapidly grow in strategic geographic markets where CIBER can best leverage its capabilities. "Waterstone helps leading U.S. companies define their integrated supply chain or CRM strategy and then assists in deploying that strategy, whether it involves the implementation of a package or the development of a custom e.Business application," said Paul Rudolph, 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. . "We are also pleased to announce that the entire Waterstone management team, led by Rick Podgorski, will join CIBER and lead the growth of this strategic practice. While this acquisition adds a significant revenue stream today, we expect stronger revenues down the road as we build on both companies' strong customer relationships, further develop the e.Supply Chain consulting The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. practice and broaden cross-selling from the e.Supply Chain practice among all CIBER practices. While expanding CIBER's web-enabled services, this acquisition also builds on our strong presence in Chicago and other key regions where Waterstone delivers solutions. "CIBER's e.Supply Chain, a key component of our e.Business Pyramid, recognizes the importance of fully integrating customer supply chains into their e.Business model, which in turn creates value while reducing costs," Rudolph said. "To accomplish this goal, CIBER's e.Supply Chain creates seamless links between customers' suppliers and partners -- enabling customers to drive their markets `at the speed of e.'" Waterstone has more than 80 employees and annual revenues of about $15 million. The acquisition closed on Oct. 29, 1999, and will be accounted for as a purchase. CIBER is recognized for providing innovative management consulting and IT solutions to clients, and for partnering with them to leverage technology in today's e.Business-driven marketplace. Through a powerful mix of people, processes and the appropriate application of technology, CIBER delivers e.Business solutions to help organizations gain knowledge from the market, create value for their clients, reduce time and cost across thencertainties that could cause actual results to Commission filings. CIBER, Inc., 5251 DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). Parkway, Suite 1400, Englewood, CO 80111 www.ciber.com |
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