CIBER Announces Merger With Advanced Systems Engineering Inc.ENGLEWOOD, Colo.--(BUSINESS WIRE)--March 2, 1998--CIBER, Inc. ("CIBER") (NYSE NYSE See: New York Stock Exchange - CBR) announced today that privately-held Advanced Systems Engineering, Inc. ("ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. "), a provider of software engineering services headquartered in Aurora, Colo., has merged into CIBER. "The merger with ASE is exciting for CIBER because it facilitates an opportunity to enhance our federal government services, particularly with aerospace programs," stated Mac Slingerlend, CIBER's President and 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. . "ASE will become the Federal Systems activity of our CIBER Information Systems division. We are pleased with the expertise Robert Holmes and John Allen bring to CIBER and we look forward to growing this practice in additional cities," Mr. Slingerlend continued. ASE employs over 150 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 $15 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 nationwide 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. services. Through our 4,700 employees operating out of over 60 offices in over 20 states, plus our foreign operations, CIBER offers services to our clients in four principal areas: management consulting for "business/IT" problems, ERP implementation services, information technology consulting services (including Year 2000 conversions) and network design and integration consulting. CIBER's three wholly owned operating subsidiaries are Spectrum Technology Group, Inc., Business Information Technology, 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., Englewood Kara Kennedy, Shareholder Relations 303/220-0100 http://www.ciber.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion