CIBER Awarded Multi-Million Dollar Development Project by U.S. Department of Agriculture.
CIBER, Inc. announced today it has been awarded a multi-million dollar application development contract by the U.S. Department of Agriculture's (USDA) Farm Service Agency (FSA). CIBER will Web-enable the FSA's Farm Loan Program Information and Delivery System (FLPIDS), the system responsible for managing and distributing loans to farmers and ranchers. The FLPIDS project will involve centralizing loan making and loan servicing functionality, which will reduce support costs and improve FSA's ability to serve the public.
Established in 1994, the FSA's mission is to stabilize farm income, help farmers conserve land and water resources, provide credit to new or disadvantaged farmers and ranchers, and help farm operations recover from the effects of disaster. In support of that mission, the FSA offers direct and guaranteed loan programs to help farmers who are temporarily unable to obtain commercial credit, approves all loan guarantees and monitors and provides oversight of lenders' activities.
The reengineered FLPIDS will support the full range of direct loan program activities and improve the availability, accuracy, and timeliness of management information, as well as provide USDA service offices with improved capabilities to maintain and manage their loan portfolios. The system will also ensure a consistent supply of accurate and timely information required by Congress, the Office of Management and Budget and other Federal organizations.
"It is always rewarding to win new application development contracts, such as the FLPIDS project for USDA, based on strong past performance with clients," said Wally Birdseye, President of CIBER's Federal Government Practice. "We view the FLPIDS project as another opportunity to demonstrate our commitment to delivering dependable, high quality services and we look forward to a long relationship with the USDA."
About CIBER, Inc.
CIBER, Inc. is a pure-play international system integration consultancy with superior value-priced services for both private and government sector clients. CIBER's global delivery services are offered on a project or strategic staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974, the company's consultants now serve client businesses from over 60 U.S. offices, 20 European offices and three offices in Asia. With offices in 17 countries, annualized revenue run rate of approximately $950 million and approximately 8,000 employees, CIBER's IT specialists continuously build and upgrade our clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE.
Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2004. All rights reserved.
CONTACT: investor relations, Doug Eisenbrandt, IR@ciber.com, or media relations, Jenn Wing, email@example.com, both of CIBER, Inc., +1-303-220-0100
Web site: http://www.ciber.com/