CIBER Expands High-Level Security Services Through Equity Stake.Business Editors/High-Tech Writers GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Oct. 25, 2000 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 , Inc. (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. ) today announced its acquisition of a 51 percent equity interest in network security specialist Enspherics(SM) to broaden CIBER's mission-critical security service offerings. Enspherics, formerly Denver Tech Labs, will help CIBER expand its international security expertise with Enspherics' proven high-end security technology consultants skilled in the government, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and health care sectors. Terms of the agreement, which are expected to be effective November 15, were not disclosed. Enspherics provides custom designed security solutions for a variety of clients who operate in high-risk, high-threat and high-profile environments through responsive, specialized teams of talented technologists. Enspherics, based in Englewood, Colo., was incorporated as Denver Technological Laboratories, Inc. in 1992 to evaluate the security of computer systems for the U.S. Government. Since then, Enspherics has designed and deployed mature and comprehensive IT security solutions primarily for large systems in the financial services, telecommunications and aerospace/defense sectors. The company's major customers include First Data, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Raytheon, Lockheed Martin, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and multiple government agencies including NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , the Pentagon, Internal Revenue Service and the Federal Bureau of Investigation Federal Bureau of Investigation (FBI), division of the U.S. Dept. of Justice charged with investigating all violations of federal laws except those assigned to some other federal agency. . Enspherics employs about 30 consultants with a demonstrated track record in providing security audits, security policy documentation and virus services, including detection of attempts to break through firewalls. Enspherics intends to grow the beachheads that it has established in Chicago, Wilmington, Del., San Francisco and Dallas, in addition to the company's potential for additional expansion into other markets. Its web site is www.enspherics.com. CIBER offers thought leadership and execution services in the burgeoning information technology (IT) services market. Enspherics expands CIBER's cadre of network consultants, and provides new skills and service offerings to pursue security opportunities in key vertical markets. Working together this year, CIBER and Enspherics have already been awarded two multi-million dollar wins in the financial industry and a new federal government security contract. In one instance, a joint project includes not only the Internet and terrestrial network infrastructure, but also encrypted satellite technology as a key element of the security solution. "Enspherics is led by people who understand critical ways to fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. firewall security as well as perform security audits and establish security policies - all aimed at ensuring secure operations of leading companies and their customers," said Mac Slingerlend, President and Chief Executive Officer, CIBER. "We are excited about their depth of expertise and opportunities for new project work in the critical security field, the fastest growing area within infrastructure services. After all, security breaches destroy confidence in e-business and privacy, at a minimum, in the information age economy." Enspherics will maintain its current management, which includes Mark Baisley, President; Dean Weiner, Executive Vice President - Engineering; and Ed Bassett, Executive Vice President - Technology. "In order to fully scale the rollout of Enspherics from the origins of Denver Tech Labs, we needed a partner company with mature processes and a global reach that could fund our mission and growth. CIBER is the perfect match, as they also bring complementary technical expertise, a strong name and an international customer base," said Baisley. CIBER, Inc. is the trusted technology leader transforming businesses to be agile, scalable and connected. Backed by 27 years 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. , CIBER provides thought leadership in Internet solutions to Global 2000 and rapidly scaling companies and governments through its National Practices - Strategy and Enterprise Integration, Wireless, Internet Services, Business Intelligence, Network Integration and Outsourcing. Based in Greenwood Village, Colo., the company's consultants serve client businesses from 35 CIBER offices, 15 DigiTerra offices and four Neovation offices in the U.S., Canada and Europe. CIBER's web site is www.ciber.com. "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 CIBER's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings. |
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