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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 5, 1999
(FEBRUARY 26, 1999)
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 February 26, 1999, Business Impact Systems, Inc. ("BIS") merged with
CIBER in a business combination to be accounted for as a pooling of
interests. The Company issued approximately 2,330,000 shares of its common
stock in exchange for substantially all of the outstanding assets and
liabilities of BIS. BIS, headquartered in Herndon, Virginia, provided
enterprise integration services and will operate as CIBER's new Enterprise
Integration Practice.
ITEM 7 (c). EXHIBITS.
99.1. News Release dated February 25, 1999 announcing the merger with
Business Impact Systems, 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 5, 1999 By: /s/ Christopher L. Loffredo
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Christopher L. Loffredo
V.P./Chief Accounting Officer
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Exhibit 99.1
-- CIBER, INC. NEWS RELEASE --
For Immediate Release Contact:
Kara Kennedy
Shareholder Relations
303/220-0100
CIBER ANNOUNCES NEW ENTERPRISE INTEGRATION PRACTICE
AND BUSINESS IMPACT SYSTEMS MERGER
Englewood, Colorado - February 25, 1999 - CIBER, Inc. ("CIBER") (NYSE:
CBR) announced today the establishment of its new Enterprise Integration
Practice and the merger of Business Impact Systems, Inc. ("BIS"). BIS, a
privately held provider of Enterprise Integration Services, headquartered in
Herndon, VA with operations in Maryland and the Carolinas, was named one of
the fastest growing technology companies in the country by Deloitte & Touche
LLP in 1998.
"Our business model strategy embodies our quest to provide continuously
leading information technology services for today and the future. This
combination with BIS brings to CIBER most exciting prospects. Not only does
BIS have excellent leaders throughout its structure, our new Enterprise
Integration Practice can be a catalyst for the cross-selling of all of
CIBER's services," stated Mac Slingerlend, CIBER's President/CEO. "As BIS'
track record indicates, Mike McLister and his entire management group have
done an exceptional job of building an impressive client list, an engineering
team and business model that meets today's critical challenge of integrating
disparate data applications, and operating systems and platforms. We believe
this new practice sits at the heart of business dynamics in our information
technology service offerings while enhancing our E-Business world," continued
Mr. Slingerlend.
"With the expanded technical resource base that CIBER adds to BIS, this
merger provides CIBER with immediate business expansion opportunities among
BIS' impressive clientele list. BIS has demonstrated the ability to capture
and grow strategic client relationships into long-term project outsourcing
relationships and will help expand CIBER's IT project outsourcing model,"
stated Mike McLister, BIS' President/CEO. BIS currently generates annualized
revenues of approximately $20 million; the combination will be accounted for
as a pooling of interests.
CIBER, Inc. is a premier provider of system integration consulting
services. Employing 6,400+ employees located in over 45 major cities in more
than 20 states plus Canada, CIBER offers leveraged information technology
integration solutions in five principal areas: management consulting
aligning business/IT solutions (including E-Business, data warehousing and
middleware integration), enterprise applications solutions (EAS/ERP)
implementation and outsourcing services, enterprise integration services
consulting and professional staff augmentation services. CIBER's wholly-owned
subsidiaries include Spectrum Technology Group, Inc., Business Information
Technology, Inc., Summit Group, Inc., CIBER Information Services, Inc. and
CIBER Network Services, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Forward-looking statements involve risks and uncertainties that could
cause actual results to vary materially from such statements. Please refer
to discussions of certain of these risks and uncertainties in the Company's
Annual Reports, 10-Ks, 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
