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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
MARCH 27, 1997 (MARCH 14, 1997)
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CIBER, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-23488 38-2046833
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5251 DTC PARKWAY, SUITE 1400, ENGLEWOOD, COLORADO 80111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 220-0100
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CIBER, Inc.
Information to be included in the Report
ITEM 5. OTHER EVENTS.
On March 14, 1997 CIBER, Inc. acquired the business operations and
certain assets of Minneapolis, Minnesota based Davis, Thomas & Associates,
Inc. for approximately $13.5 million. The acquisition will be accounted for
using the purchase method of accounting. As a result of this acquisition,
the Company will record goodwill of approximately $13.1 million. A copy of
the New Release announcing the acquisition is attached.
ITEM 7(c). EXHIBITS
1. News Release dated March 17, 1997 announcing the acquisition of
Davis, Thomas & Associates, Inc.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CIBER, INC.
Date: March 27, 1997 By: /s/ CHRISTOPHER L. LOFFREDO
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Christopher L. Loffredo
Vice President/Chief Accounting Officer
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EXHIBIT 1
-- CIBER, INC. NEWS RELEASE --
For Immediate Release Contact:
Kara Kennedy
Shareholder Relations
303/220-0100
CIBER ANNOUNCES ACQUISITION OF
DAVIS, THOMAS & ASSOCIATES
Englewood, Colorado -- March 17, 1997 -- CIBER, Inc. ("CIBER") (Nasdaq -
CIBR) announced today the closing of an acquisition of the business
operations and certain assets of privately-held Davis, Thomas & Associates,
Inc. ("DTA"), Minneapolis, MN. DTA is presently operating at an approximate
annual revenue rate of $14 million with offices in Minneapolis and the
Chicago area, plus a development office in Bangalore, India. The acquisition
adds approximately 120 consultants to CIBER's staff. The acquisition will be
accounted for using the purchase method of accounting.
"The acquisition of DTA serves CIBER well in a number of ways," stated Mac
Slingerlend, CIBER's President/Chief Operating Officer. "We have long viewed
Minneapolis as a very attractive marketplace; plus, we anticipate leveraging
existing client relations, including those in our Rochester, Minnesota
office. In addition, DTA's Chicago office will become a new branch of CIBER
Network Services, Inc., specializing in the areas of networking integration
and technical support. The acquisition of DTA also expands CIBER's
international presence with the addition of the Bangalore office, where DTA
has focused on recruiting and offshore project work. We look forward to
working with DTA's founder and President, A. Gordon Thomas ("Gordy"), DTA
Chicago Vice President, John Osterhout, and all DTA associates that are
joining CIBER's team," Mr. Slingerlend continued.
CIBER, Inc. is a nationwide provider of information technology consulting
services. Through our approximately 2,600 highly trained consultants
operating out of over 40 branch offices in over 20 states, plus offices in
each of three foreign countries, CIBER offers services to its clients in four
principal areas: information technology consulting services, package software
implementation services, management consulting for "business/IT" problems and
LAN/WAN consulting services.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Certain of the statements made above may be considered
forward-looking; and because such statements involve risks and uncertainties,
actual results may vary materially from those referred to in such statements.
Please refer to a discussion of certain of these risks and uncertainties in
the Company's Annual Report on Form 10-K, plus Form 10-Qs and other
Securities and Exchange Commission filings.
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CIBER, INC., 5251 DTC PARKWAY, SUITE 1400, ENGLEWOOD, CO 80111
http://www.ciber.com
