CIBER announces acquisition of Davis, Thomas & Associates.ENGLEWOOD, Colo.--(BUSINESS WIRE)--March 17, 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 ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CIBR) announced today the closing of an acquisition of the business operations and certain assets of privately-held Davis, Thomas & Associates, Inc. ("DTA DTA Drive Through Appraisal DTA Data (File Name Extension) DTA Differential Thermal Analysis DTA Department of Transitional Assistance (Massachusetts) DTA Development Trusts Association "), Minneapolis, MN. DTA is presently operating at an approximate annual revenue rate of $14 million with offices in Minneapolis and the Chicago area, plus a development office in Bangalore, India. The acquisition adds approximately 120 consultants to CIBER's staff. The acquisition will be accounted for using the purchase method of accounting. "The acquisition of DTA serves CIBER well in a number of ways," stated Mac Slingerlend, CIBER's President/Chief Operating Officer. "We have long viewed Minneapolis as a very attractive marketplace; plus, we anticipate leveraging existing client relations, including those in our Rochester, Minnesota office. In addition, DTA's Chicago office will become a new branch of CIBER Network Services, Inc., specializing in the areas of networking integration and technical support. The acquisition of DTA also expands CIBER's international presence with the addition of the Bangalore office, where DTA has focused on recruiting and offshore project work. We look forward to working with DTA's founder and President, A. Gordon Thomas ("Gordy"), DTA Chicago Vice President, John Osterhout, and all DTA associates that are joining CIBER's team," Mr. Slingerlend continued. 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 2,600 highly trained consultants operating out of over 40 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 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: Certain of the statements made above may be considered forward-looking; and because such statements involve risks and uncertainties, actual results may vary materially from those referred to in such statements. Please refer to a discussion of certain of these risks and uncertainties in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , plus Form 10-Qs and other Securities and Exchange Commission filings. CONTACT: CIBER, Inc., Englewood Kara Kennedy Shareholder Relations 303/220-0100 http://www.ciber.com |
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