CIBER announces acquisition of the business operations of Interface Systems.DENVER--(BUSINESS WIRE)--Jan. 10, 1995--CIBER, Inc. (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) today announced the acquisition of the business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets of Interface Systems, Inc., Holmdel, N.J. "Interface Systems is a significant addition for 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 . It is a sizeable participant in the central and northern New Jersey area. Interface frequently does highly visible work for each of its clients," said Bob Stevenson, CIBER's CEO/president. "Additionally, Dennis Nitka, Interface's co-founder, and the Interface management team is staying on to help us grow the operations materially." Interface will add approximately seven percent to CIBER's size, increase CIBER's penetration in the New Jersey market, and provide a solid platform to enter the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan area. Interface is presently running at an approximate $6,000,000 revenue annual rate with profitable operations similar to CIBER's margins. Combined, CIBER's and Interface's operations will represent over 1,100 employees operating in 19 cities in 14 states. "This acquisition provides a solid foothold in one of the world's largest markets, one that we have sought for a long time," said Mr. Stevenson Mr. Stevenson is the main protagonist of the NES game, Gumshoe. He is a former FBI agent gone detective and has a daughter named Jennifer. According to the Official Nintendo Player's Guide, his first and middle initials are R. L. . "Interface adds significant information superhighway expertise and high quality systems consultants." This acquisition will be principally financed from CIBER's bank financing and short-term payments. The transaction will also have an additional compensation feature based on growth above prescribed levels. CIBER is a leading national provider of computer-related information technology services. Through a nationwide network of branch offices, CIBER's employees help clients design, program, implement and maintain custom computer application software systems. Our services are generally provided on-site to large commercial clients who have substantial data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a operations. CIBER also provides project management and outsourcing services, as well as educational programs, which range from entry-level training to advanced technical content. CONTACT: CIBER Inc., Englewood, Colo. Kara Kara (kär`ə), river, c.140 mi (230 km) long, NE European and NW Siberian Russia. It flows N from the N Urals into the Kara Sea, forming part of the traditional border between European and Asian Russia. It is navigable in its lower course. Kennedy, 303/220-0100 |
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