CIBER And Web Strategy Agency Interactive Papyrus Form Venture, Plan International Strategy.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Nov. 30, 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. ), a leading orchestrator of e.Business acceleration for the Internet-based economy, and Interactive Papyrus papyrus (pəpī`rəs), a sedge (Cyperus papyrus), now almost extinct in Egypt but so universally used there in antiquity as to be the hieroglyphic symbol for Lower Egypt and a common motif in art. Co., an interactive web strategy and online business development agency, announced a planned strategic joint initiative to strengthen and expand both companies' Internet-related service offerings internationally. The companies expect to finalize the agreement within the next week. Under the proposed agreement, CIBER will acquire a 70 percent to 80 percent interest in Interactive Papyrus, a nine-year-old Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.-based company that has gained a reputation for developing engaging, user-friendly web sites to build online business ventures for Fortune 500 and ".com" companies. Interactive Papyrus' clients include Hewlett-Packard Company, Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Inc., Oracle Corp. and AllBooks4Less.com. "CIBER anticipates investing $25 million to $50 million in Interactive Papyrus' national and international expansion because we believe this agency will ignite the development of CIBER's expanding e.Business projects, and help us provide the end-to-end solutions that are necessary in this emerging economy built on electronic commerce," said Mac Slingerlend, CIBER's Chief Executive Officer. CIBER will be a preferred systems solutions provider for the venture, giving Interactive Papyrus, unlike most interactive agencies, a full-fledged partner, able to provide the systems integration and information technology needed to link web-based applications with software and computer systems, on which business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets rely, Slingerlend said. "CIBER comprises all the attributes we sought in a partner to support Interactive Papyrus' growth," said Erin Geegan, founder and Chief Executive Officer of Interactive Papyrus. "With CIBER's investment, we now can attract a wide array of talent in the strategy, creative and technical areas, and scale to international prominence. This structure offers Interactive Papyrus the independence to maintain its culture, which we have carefully cultivated to keep our people thriving in what we are so passionate about - designing engaging interactive experiences and igniting businesses into the digital economy." Interactive Papyrus will retain a separate identity, board of directors and management team. Currently operating from offices in Colorado Springs, Interactive Papyrus expects to generate revenue of $10 million to $15 million in 2000, and plans to open several web strategy and web development production groups in the U.S. and abroad during the next year, Geegan said. "Interactive Papyrus will help build CIBER shareholder value while simultaneously enhancing its own valuation through a combination of operational acceleration and industry visibility," Slingerlend said. Englewood, Colo.-based CIBER, Inc. provides innovative 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 , Internet services and other IT solutions to clients in business, higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. and government, and helps them 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 that help clients gain knowledge from the market and drive their global competitive advantage, while creating value, reducing time and costs across the supply chain. CIBER's website is www.ciber.com. Interactive Papyrus Co., based in Colorado Springs, Colo., is a global digital strategy agency, offering a hybrid of e.Business strategy consulting and interactive agency services for companies seeking to build thriving online businesses. Start-up ventures, strategic initiatives of Fortune 500 corporations and companies in the business-to-business play use the www.ipapyrus.com portfolio of e-Ignition services. "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. " 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 CIBER's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings. |
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