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Enhances US ERP Practice Dedicated to SAP
GREENWOOD VILLAGE, Colorado – September 5, 2007 – CIBER, Inc. (NYSE: CBR) today announced it has acquired the SAP Practice of Headstrong Corporation, which was operated under the name of Metamor Enterprise Solutions LLC.
“CIBER has a leading business model in international ERP implementations; over 25% of our revenue comes from ERP related solutions. However, while we are a global leader in Europe in SAP integrations, our US SAP Practice needs to scale up to the greater demand we are experiencing,” said Mac Slingerlend, CIBER’s President and Chief Executive Officer. “Further, we are specialists in the “retail sector” vertical for SAP, a specialty of Metamor, as well. We are pleased to close this combination and bring on Arnold Nel from Metamor to lead our US SAP Practice, reporting to Dave Siebert, SVP responsible for several CIBER ERP Practices.”
Per Arnold Nel, “Metamor has been delivering SAP solutions for over a decade. Our 100+ resources complement very well CIBER’s own, and we are excited to join an international scale player dedicated to our business model.”
“Metamor is expecting calendar 2007 revenue to exceed $20 million, only the last four months of which will be at CIBER, and to be profitable. We expect the combination will be neutral to 2007 operating results and nominally accretive to 2008 results, and provide leadership and scale to our greater domestic SAP activities,” added Dave Girard, CIBER’s Chief Operating Officer.
About CIBER, Inc.
CIBER, Inc. (NYSE: CBR) is a pure-play international system integration consultancy with superior value-priced services for both private and government sector clients. CIBER’s global delivery services are offered on a project or strategic staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., the company now serves client businesses from over 60 U.S. offices, 20 European offices and five offices in Asia. Operating in 18 countries, with 8,250 employees and annual revenue of approximately $1 billion, CIBER and its IT specialists continuously build and upgrade clients’ systems to “competitive advantage status.” CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE. www.ciber.com
Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc.
Source: CIBER, Inc.
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