CIBER, Inc. (NYSE: CBR), an international system consultancy and outsourcing provider, announced that CIBER, Inc. has successfully completed the acquisition of Canon Technology Solutions, Inc. (CTS), a subsidiary of Canon U.S.A., Inc.
The acquisition allows CIBER to expand its IT Outsourcing (ITO) division with CTS, a leading provider of advanced technology solutions and consulting services since 1985. CTS has helped leading corporations create and sustain competitive advantage by achieving greater levels of productivity through the intelligent application of enabling technologies. CTS offers market-leading consulting, technology and business solutions in enterprise, business infrastructure, content management, and IT managed services. The acquisition of CTS by CIBER will strengthen the company's position as a leading provider of flexible, dependable IT services and solutions to the IT Outsourcing market.
"The integration of CTS with CIBER ITO will further expand our capabilities and scale in our managed services and IT outsourcing delivery footprint and will add customized content management solutions to our portfolio," said Mark Perlstein, ITO President. "CIBER and CTS clients will benefit from our commitment to strengthening our existing offerings and adding complementary innovative solutions that will service their unique needs."
Financial details of the acquisition are not being disclosed. CTS' name will be changed following the close of the transaction. Current CTS customers will continue to be served by CIBER.
About CIBER, Inc.
CIBER, Inc. (NYSE: CBR) is a pure-play international system integration consultancy and outsourcing provider with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally 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., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,500 employees and annual revenue of approximately $1.2 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, the Reliable Global IT Services Partner.
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