CIBER to Acquire Leading Implementor of PeopleSoft Higher Education Applications.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Oct. 13, 1999-- 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. ) announced today that it has reached a definitive agreement to acquire The Isadore Group, Inc., a premier PeopleSoft higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a based in Phoenix, Ariz. "Through this acquisition, Isadore's six founders, who significantly participated in development of the PeopleSoft Student Administration applications and newer Advancement module, join CIBER's team to further grow this vertical practice and help maintain our dominant implementation position in the PeopleSoft higher education market," said Paul Rudolph, CIBER's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Isadore's in-depth knowledge of the Advancement module is a real competitive advantage in the marketplace. Isadore adds expertise, strong market share in higher education consulting and a growing list of long-term projects to CIBER's leading PeopleSoft Practice -- and will accelerate our growth by providing a larger platform to expand implementation of the full suite of related applications." "The PeopleSoft Advancement module is a truly leading-edge product," said Mike Dillon, Vice President of CIBER's PeopleSoft Higher Education Practice. "It allows higher education institutions to better manage and ultimately increase their level of fund raising. Many institutions now lead their implementation with the Advancement module, then leverage its early success by expanding their Student Administration implementation. CIBER's broad experience in implementations at all levels provides competitive advantage in the higher education arena." The acquisition initially adds the group's $7 million in annual revenue, plus projects in the pipeline of more than double that amount, Rudolph said. The acquisition, which is expected to close on Oct. 15, will be accounted for as a purchase. CIBER is recognized for providing innovative management consulting and IT solutions to clients, and for partnering with them to leverage technology in today's Electronic Business-driven marketplace. Through a powerful mix of people, processes and the appropriate application of technology, CIBER delivers Electronic Business solutions to help organizations gain knowledge from the market, create value for their clients, reduce time and cost across the supply chain and drive global competitive advantage. "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 the Company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings. |
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