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Image World 2 ~ New Dimensions
CIBER Closes Major Acquisition
Adds 15+% to Revenue, Bolsters Public Sector Practices
GREENWOOD VILLAGE, Colo. - Oct. 16, 2001 - CIBER, Inc. (NYSE: CBR)
announced today the closing of the acquisition of Metamor Industry
Solutions, Inc. and its subsidiary, Metamor Government Services, Inc.
These operations, approximately $90 million revenue, represent
the formerly successful public sector practices of Cutler-Williams,
Inc. (founded 1969) and Dynamic Resources, Inc. (founded 1979),
said Mac Slingerlend, CIBERs President and Chief Executive Officer.
These operations were temporarily operated in the late 90s
from a staffing mentality in Houston. They were then sold in year
2000 to a publicly traded ISP/hosting company, not purely in the IT
services business. Through it all, Ed Burns and his leadership team
kept together a quality group of people and customers.
They now have a home, a very good home. Our 28-year information
technology (IT) services history and reputation fit very well with
our new public sector friends. In both the state and local IT services
sector and the federal IT services sector, we believe we can leverage
and grow this seasoned addition to our company, said Slingerlend.
CIBER has been a stand-up partner since we began speaking last
May. They stuck with us through the long proceedings to get this closed.
We appreciate that and hope to reward CIBER and its shareholders with
a solid contribution to operating results, said Ed Burns, President,
Metamor Industry Solutions, Inc. We thank CIBER for giving us
this new home that our employees and customers needed so badly. We
bring new clients, new services and new geography to CIBERs
business model.
Together, we now represent one of the largest state and local
IT services companies in the country. Plus, our Federal Sector practice
more than doubles as well. We will be an aggressive player in the
public sector from today forward," said Joe Mancuso, CIBERs
Chief Operating Officer, who will now oversee these new operations.
Slingerlend added, "Since August, we have added to CIBER: Century,
Aris and now Metamors public sector business. These total between
$125 million and $150 million in revenues. Add our restructuring of
DigiTerra and merging Waterstones operations into CIBER, and
it should be evident that CIBER plans to be a player in the upcoming
IT recovery cycle.
Separately, CIBER has repurchased approximately 1.8 million shares
in 2001, of which approximately 750,000 have been purchased since
August 2001. CIBER continues to be a buyer of its shares in open market
transactions.
About CIBER
CIBER, Inc. is a leading international, e-business integrator, providing
IT services from Internet strategy and development to complete life
cycle system integration (from customer quotation through cash collection),
with superior value-priced services for both private and government
sector clients. CIBERs services are offered on a project or
strategic staffing basis, in both custom and package environments,
and across all technology platforms, operating systems and infrastructures.
Founded in 1974, the companys consultants now serve client businesses
from 40 CIBER, 10 DigiTerra, four Solution Partners and four Enspherics
offices in the U.S., Canada and Europe. With offices in six countries,
CIBERs 5,000 IT specialists continuously build and upgrade our
clients systems to competitive advantage status.
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 provisions of the Private
Securities Litigation Reform Act 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 Companys
Annual Reports on Form 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.
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For more information about CIBER's IW2 Contract, contact us via email at IW2@ciber.com
or call Robert A. Merchant at (703) 610-6401 or cell, (703)
628-4935.
For information about CIBER Federal Solutions, visit www.ciber.com/services/federal
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