CIBER in Sweden Acquires Condevor AB |
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CIBER Inc.
5251 DTC Pkwy., Suite 1400
Greenwood Village, CO, 80111
USA
Press release date: October 15, 2007
Significant Addition to CIBER's SAP Business in the Nordic Region
STOCKHOLM and GREENWOOD VILLAGE, Colo., Oct. 15 - CIBER, Inc. (NYSE:CBR) today announced a major expansion of its SAP capabilities in Sweden with the acquisition of Condevor AB, a specialist SAP consultancy company based in Stockholm, Malmo and Gothenburg. The acquisition of Condevor brings with it 33 SAP specialists with a particular focus on the utility, customer resource management, and services markets.
This acquisition strengthens CIBER's position in the Swedish market as a leading vendor of SAP services and associated systems integration expertise.
"Condevor has a strong track record in the local market and we are very impressed with the skills and expertise of their SAP consultants," said Ann- Catrine Appelquist, Managing Director of CIBER Sweden. "We are delighted that they are now part of the CIBER family."
Eva Cederlof, Condevor CEO, added, "Joining a larger industry player like CIBER enables us to fulfill our strategy of broadening our IT services offerings and also working with international customers. CIBER has an excellent reputation for client delivery and we are delighted to be part of the Swedish operations of a credible international player."
CIBER Sweden AB is a wholly-owned subsidiary of CIBER Inc. and offers clients a range of IT consultancy and integration services, including SAP, across a number of industry sectors. Following the acquisition of Condevor, the company now has a team of over 180 consultants in Sweden and more than 450 staff in the Nordic region.
About CIBER, Inc.
CIBER, Inc. 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, 22 European offices and five offices in Asia. Operating in 18 countries, with more than 8,000 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
Source: CIBER, Inc.
CONTACT: Media Relations, Diane Stoner, dstoner@ciber.com,
or Investor Relations, Jennifer Matuschek, jmatuschek@ciber.com, both of CIBER, Inc., +1- 303-220-0100
Web site: http://www.ciber.com/
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