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CIBER completes acquisition of ECsoft Group, PLC
GREENWOOD VILLAGE, Colo. – January 22, 2003 – CIBER, Inc. (NYSE: CBR) today announced its recommended offer for ECsoft Group plc has been accepted by ECsoft shareholders in respect to almost 92% of the ECsoft shares not already owned by CIBER and the offer has been declared "unconditional as to acceptances." The offer is expected to become "wholly unconditional" later this week.
"We are very pleased to make this milestone. We expect ECsoft to be a very valuable component of our overall strategy. We are told reception of our offer inside ECsoft's ranks is said to be very positive," said Mac Slingerlend, CIBER's President and Chief Executive Officer. "We look forward to officially closing and meeting all of ECsoft's folks."
ECsoft Group plc (London: ECS) is an independent IT consultancy and systems integrator that specializes in the development and delivery of innovative mission-critical business solutions. ECsoft’s mission is to transform business vision into technical reality and seeks to achieve this by investing in and exploiting innovative and emerging technologies, concepts and processes from around the world. ECsoft’s customers include many of Europe’s top 500 companies as well as government and public organizations. With offices in the UK, the Netherlands, and Scandinavia, ECsoft is a leader in the practical application of advanced technology.
CIBER, Inc. (NYSE: CBR) is a leading international system integration consultancy with superior value-priced services for both private and government sector clients. CIBER’s 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, the company’s consultants now serve client businesses from 60 CIBER, 10 DigiTerra and five CIBER Solution Partners offices in the U.S., Canada, Europe and India. With offices in seven countries, annualized revenue over $600 million and approximately 5,500 employees, CIBER’s IT specialists continuously build and upgrade our clients’ systems to “competitive advantage status.” CIBER, ALWAYS ABLE.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, 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 and the CIBER logo are trademarks or registered trademarks of CIBER, Inc.
Source: CIBER, Inc.
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