|
GREENWOOD VILLAGE, CO. - September 10, 2001 - CIBER, Inc. (NYSE: CBR) announced that it has signed a definitive agreement to acquire the $90 million revenue rate, public sector IT service entities Metamor Industry Solutions, Inc., and its subsidiary, Metamor Government Services, Inc., subject to requisite bankruptcy court approval and other customary closing conditions. Metamor's parent company, PSINet Inc. is in bankruptcy. It is anticipated that PSINet Consulting Solutions Holdings, Inc., the parent holding company of the entities being sold in this transaction, will commence bankruptcy proceedings in September. Neither of the entities being acquired in this transaction, nor any other operating entities of PSINet Consulting Solutions Holdings, Inc., are expected to be included in the parent's bankruptcy proceeding.
Source: CIBER Inc.
|
