Ciber announces acquisition of OASYS Inc.ENGLEWOOD, Colo.--(BUSINESS WIRE)--March 4, 1996--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) announced today the closing of an acquisition of certain assets and all 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 OASYS OASYS Open Architecture Synthesis Studio (Korg) OASYS Office Automation System OASYS Open Architecture System (advanced aviation system development) OASYS Orbit Analysis System OASYS Obstacle Avoidance System , Inc., Columbus, Ohio. The acquisition was for cash and includes an opportunity for OASYS to receive additional consideration through an earn-out provision. "The purchase of OASYS is geographically strategic 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 ," said Bob Stevenson, CIBER's president/CEO. "Columbus not only represents a new market to CIBER, it is a major market for CIBER's services and it compliments our existing offices in Cleveland and Cincinnati. "OASYS has approximately twenty consultants presently and a strong reputation in the marketplace for providing high quality contract computer programming services. We are also pleased to bring to our team Tony Andrews, one of the founders and president of OASYS, who will assist CIBER as consulting services manager." CIBER 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, combining application software staff supplementation, system life-cycle project responsibility and package software implementation services. Through its over 1,500 highly trained consultants operating out of 26 branch offices in 18 states, plus one office in each of two foreign countries, CIBER offers services to its clients in two principal areas: information technology services and package software implementation services. CONTACT: CIBER Inc., Englewood 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 http://www.ciber.com/ciber |
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