CIBER Announces Close of Merger With EJR Computer Associates Inc.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 12, 1998--CIBER, Inc., ("CIBER") (NYSE NYSE See: New York Stock Exchange :CBR) announced today the closing of the merger with EJR Computer Associates, Inc. ("EJR"), a privately held provider of data processing consulting and project management services headquartered in Hoboken, N.J. "Founded in 1979 by Elliott J. Rosenzweig, President, EJR brings to CIBER a solid client base comprised of Fortune 500 companies, including many leading financial institutions and pharmaceutical firms, in the New York and New Jersey markets," stated Mac Slingerlend, CIBER's President and Chief Executive Officer. "The consistent high level of performance and stability of EJR's technical staff will enhance our CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S division and create project and solution sales opportunities in these established client relationships. In addition, we are pleased that Jerry Sciarrillo, Vice President in charge of consulting operations, has agreed to join the CIBER team as a regional vice president overseeing several of our northeast operations," Mr. Slingerlend continued. EJR employs approximately 185 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 approximately $28 million. The combination will be accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . CIBER, Inc. is a premier provider of system integration consulting services. Employing over 5,500 employees located in over 80 offices in more than 20 states plus Canada, CIBER offers services in four principal areas: management consulting for business/IT, 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. implementation services, 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 and network technology design/integration consulting. CIBER's wholly-owned subsidiaries include Spectrum Technology Group, Inc., Business Information Technology, Inc., The Summit Group, Inc. and CIBER Network Services, Inc. "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.
CONTACT: CIBER, Inc.,
Kara Kennedy
Shareholder Relations
303/220-0100
http://www.ciber.com
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