CIBER Announces Merger with Reliant Integration Services.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 21, 1997--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) announced today the acquisition by merger of privately-held Reliant Integration Services, Inc. ("Reliant"), a Menlo Park, CA-based company that provides network integration services. Reliant, which was founded in 1983, has approximately 100 employees and a current revenue run rate of approximately $30 million. The merger is to 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. . "Reliant's merger with CIBER represents an exciting opportunity to continue to expand our CIBER Network Services, Inc. ("CNSI") operation into a most vibrant, long-term market," said Mac Slingerlend, CIBER's President/Chief Operating Officer. "Reliant brings with it an excellent management team, a group of employees with solid skill sets, and a client base that we believe will be an excellent complement to our existing CNSI business," continued Mr. Slingerlend. 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 approximately 3,600 employees operating out of over 50 branch offices in over 20 states, plus offices in each of three foreign countries, CIBER offers services to its clients in four principal areas: information technology consulting services, package software implementation services, management consulting for "business/IT" problems and LAN/WAN LAN/WAN Local Area Network/Wide Area Network consulting services. "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 |
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