CIBER Announces Close of Merger With The Summit Group.ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 5, 1998--CIBER, Inc., ("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 ") (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 closing of the merger with The Summit Group, Inc., ("Summit") a privately held leading provider of Enterprise Resource Solutions ("ERS ERS, n.pr See extended rotated side-bent. "). Paraphrasing from the news release dated April 15, 1998, "The Summit Group has an excellent reputation in industry and will bring a full complement of services to enhance our enterprise-wide package software solutions," stated Mac Slingerlend, CIBER's President and Chief Executive Officer. "The information technology industry is changing rapidly, creating the need for service providers who can move quickly to help clients effectively leverage change. The Summit Group brings the talent, skills and experience necessary for CIBER to continue to offer our clients a premier suite of industry-leading solutions that will give them a competitive edge in the 21st century." In addition to its ERS consulting services, Summit also provides custom strategic consulting services; Logistics PRO, a state-of-the-art warehouse management system; and AS/400, RS6000 and HP hardware. According to Slingerlend, Summit will become the multi-discipline ERS provider in the CIBER Solutions division. "We're pleased with the opportunity to join forces with CIBER," said Dave Jones, President of The Summit Group. "Through this relationship, we will be able to contribute our depth of knowledge and expertise to the CIBER family of services, while using the extensive resources of CIBER to complement and enhance our technology, services and product offerings." Summit will be a wholly-owned subsidiary of CIBER, Inc. and will continue to be managed by Dave Jones and the other six founders of the company. Headquartered in Mishawaka, Ind., Summit was founded in 1989 and employs over 400 technical, consulting and sales professionals. Summit performs consulting services both in the U.S. and abroad, and generates approximately $60-65 million in revenues annually. The Summit Group has offices in Atlanta, Cincinnati, Dallas, Denver, Indianapolis, Irvine, Calif., and the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . CIBER, Inc. is a premier provider 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. . Employing approximately 5,000 professionals located in over 80 offices in more than 20 states and abroad, CIBER offers services in four principal areas: management consulting for business/IT, ERS implementation services, information technology consulting services (including Year 2000 conversions) and network design/integration consulting. CIBER's four wholly-owned subsidiaries are Spectrum Technology Group, Inc., Business Information Technology, Inc., The Summit Group, Inc. and CIBER Network Services, Inc. "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 the Company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings. CONTACT: CIBER Kara Kara (kär`ə), river, c.140 mi (230 km) long, NE European and NW Siberian Russia. It flows N from the N Urals into the Kara Sea, forming part of the traditional border between European and Asian Russia. It is navigable in its lower course. Kennedy, 303/220-0100 (Shareholder Relations) http://www.ciber.com |
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