Excerpt from: Tech M&A Talk
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| September 23, 2007 | | Extends Reach of ERP Solutions with Addition of Headstrong Corporation's U.S. SAP Practice | International System Integration Consultancy, CIBER, Inc. (NYSE: CBR) announced it has acquired Metamor Enterprise Solutions, the SAP Practice of Headstrong Corporation. The transaction expands CIBER's U.S. SAP practice in response to market demand and complements CIBER's focus on the retail vertical. “Metamor is expecting calendar 2007 revenue to exceed $20 million, only the last four months of which will be at CIBER, and to be profitable. We expect the combination will be neutral to 2007 operating results and nominally accretive to 2008 results, and provide leadership and scale to our greater domestic SAP activities,” added Dave Girard, CIBER’s Chief Operating Officer. Updata Advisors acted as financial advisor and assisted in the negotiations for CIBER, Inc. | | |
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