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CIBER to Acquire Publicly Held Aris Corporation; Consolidate, Adds Services and United Kingdom Operations.


Business Editors & Technology Writers

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--June 14, 2001

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 a definitive agreement to acquire the outstanding shares of Aris Corporation (Nasdaq: ARSC ARSC Arctic Region Supercomputing Center
ARSC Association for Recorded Sound Collections
ARSC Accounting and Review Services Committee
ARSC Aircraft Repair and Supply Center (USCG)
ARSC Arizona Remote Sensing Center
) subject to final documentation and government and Aris shareholder approval.

CIBER is a $600 million revenue systems integrator with 27 years of solid experience in the U.S., Canada and Netherlands. Aris is a 10-year-old, $50+ million systems integrator with operations in the U.S. and United Kingdom. The acquisition of Aris expands CIBER's customer base and operations in the U.S. and the U.K.

"The IT services industry is over capitalized and calls out for consolidation. The fleeting Internet service providers Internet service provider (ISP)

Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password.
 will all disappear soon, but there are solid `operators' with good employees and strong customer relationships. Aris is such a company. Combining Aris with CIBER will provide significant synergies, such as corporate offices and branches that reverse Aris' current operating results to contribution status. Further, as IT spending recovers, the leverage from this combination will be increasingly apparent," said Mac Slingerlend, CIBER President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

"We have found solid operational leaders within Aris. As does CIBER, Aris provides custom and package solutions (primarily Oracle, Microsoft and IBM Many people are too new to the computer industry to remember that IBM once occupied the lofty position that Microsoft currently enjoys. Today, it's a Microsoft versus The Rest of the World computer industry. Yesterday, it was IBM versus everybody else. ), as well as project and staffing support offerings, most all in e-business environments," Slingerlend continued.

"CIBER is a great match for our customers, employees and shareholders," added Kendall Kunz, President and CEO of Aris. "By joining with a global leader in IT services, we are in a much stronger position in the IT services space and our clients can gain from a more extensive and diversified IT service offering. After considering a number of alternatives, we believe that CIBER represents the best value for our shareholders, the best growth opportunity for our employees and the best fit for our loyal customers."

Under the agreement, CIBER will acquire all of the outstanding shares of Aris in exchange for a combination of cash and shares of CIBER stock. In exchange for each share of Aris stock, shareholders will receive $1.30 in cash and 0.22 shares of CIBER common stock, subject to certain adjustments. The exchange represents $2.78 per share, or an aggregate offer value of $31.4 million, based on the closing price of CIBER shares on June 13, 2001. CIBER expects to issue approximately 2.5 million shares. The transaction is expected to be accounted for under the purchase method of accounting and treated as a tax-free reorganization for the CIBER shares issued to Aris shareholders. Aris' strong balance sheet contributed to the purchase price. The definitive agreement has been approved by the Board of Directors of each company.

The procedures to close the transaction include SEC approvals, as well as that of Aris' shareholders. Paul Song, Chairman and Founder of Aris, and his family interests, and Kendall Kunz, have agreed to support the transaction; they represent nearly 30% of Aris' outstanding shares. A closing at the end of August or September is sought. Epoch Partners (www.epoch.com) acted as exclusive financial advisor to CIBER in connection with this acquisition.

About CIBER

CIBER, Inc. (NYSE: CBR) 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 and Security Integration, and Outsourcing. Based in Greenwood Village, Colo., the company's consultants serve client businesses from 35 CIBER, 15 DigiTerra, three Waterstone, two Solution Partners and four Enspherics offices in the U.S., Canada and Europe. CIBER's web site is www.ciber.com.

About Aris

Aris Corporation (Nasdaq: ARSC) delivers end-to-end eBusiness consulting services, integrated strategy and technology-enabled solutions that foster interactive business. Founded in 1990, Aris is headquartered in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. , and maintains offices across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and in the United Kingdom. For more information about Aris, visit www.aris.com.

This news release may include statements that may constitute "forward-looking statements," including estimates of future business prospects or financial results and statements containing the words "believe," "expect," or similar expressions. Any forward-looking statements herein are made pursuant to the 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.
 provisions of 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. There are many factors that could cause actual results of CIBER and its subsidiaries (collectively, the "Company") to differ materially from forward-looking statements. Please refer to a discussion of these factors in the Company's Annual Reports 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.
, 10-Qs and other Securities and Exchange Commission filings, which are incorporated herein by reference. The Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 14, 2001
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