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Ciber Announces the Closing of the Sale of its Global ITO Business - Ciber, Inc. announced that it has closed the previously announced sale of certain assets of its Global IT Outsourcing Business to Savvis, a CenturyLink company and global leader in cloud infrastructure and hosted IT solutions for enterprises (NYSE: CBR) -
Ciber Announces the Closing of the Sale of its Global ITO Business

 

PRZOOM - /newswire/ - Greenwood Village, CO, United States, 2012/10/15 - Ciber, Inc. announced that it has closed the previously announced sale of certain assets of its Global IT Outsourcing Business to Savvis, a CenturyLink company and global leader in cloud infrastructure and hosted IT solutions for enterprises (NYSE: CBR) -. NYSE: CBR

   
 
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Ciber, Inc., a global information technology consulting, services and outsourcing company, today announced that it has closed the previously announced sale of certain assets of its Global IT Outsourcing Business to Savvis, a CenturyLink company and global leader in cloud infrastructure and hosted IT solutions for enterprises. The closing price was $6 million, plus additional future consideration in the form of a cash earn-out payment based on results at December 2013.

Ciber President and CEO David Peterschmidt commented,“We are excited to extend our strategic partnership with Savvis. Ciber will continue to provide clients full lifecycle application development and outsourcing solutions, including system design, implementation and managed services, while partnering with Savvis to leverage its expertise and resources in physical infrastructure."

About Ciber, Inc.

Ciber (Ciber.com) is a global IT consulting company with 7,000 consultants in North America, Europe and Asia/Pacific, and approximately $1 billion in annual revenue. Client focused and results driven, Ciber partners with organizations to develop technology strategies and solutions that deliver tangible business value. Founded in 1974, the company trades on the New York Stock Exchange.

Contact: Gary Kohn, Investor Relations
P: 303-625-5256 - E: gkohn[.]ciber.com.

 
 
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Agency / Source: CIBER, Inc.

 
 

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Ciber Announces the Closing of the Sale of its Global ITO Business

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Ciber, Inc. |
Contact: Robin Caputo - Ciber.com 
303-267-3876 rcaputo[.]ciber.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any CIBER, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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