213240 Resource 125367 200444 200444 1222180891041 1222182591985 Controlled CIBER Acquires Iteamic

Acquisition Adds Scale And Leadership To CIBER's Portfolio

<p>Colorado-based <a title="CIBER" href="http://www.ciber.com/" target="_blank">CIBER</a>, a global systems integrator, announced yesterday that it planned to acquire Bangalore-based <a title="Iteamic" href="http://www.iteamic.com/" target="_blank">Iteamic</a>, a technology solutions and consulting provider with about 200 employees.</p><p>Mac Slingerlend, President and CEO of CIBER, <a title="Press release from CIBER's website" href="http://www.ciber.com/news/article.cfm?id=20080922" target="_blank">said of the deal</a>: &quot;We have been seeking to add both leadership and scale to our Indian operations for a long time. Iteamic has been in business since 2003 and has an excellent model established for offshore delivery of projects generated from the United States.&quot;</p><p><a title="Updata advises CIBER on its acquisition of Iteamic" href="http://www.updataadvisors.com/transactions.asp?newsid=204" target="_blank">Updata Advisors</a> initiated the transaction and advised CIBER.</p> 9 application/xml false buy-side CIBER enterprise application software IT M&A IT services Iteamic software M&A Recent Enterprise Application Software mergers and acquisitions completed by Updata Advisors http://updataadvisors.com/transactions.asp?sector=13&level2id=52&level2name=Enterprise%20Application%20Software&sectorname=ALL%20SECTORS Recent IT Services mergers and acquisitions completed by Updata Advisors http://updataadvisors.com/transactions.asp?sector=13&level2id=54&level2name=IT%20Services&sectorname=ALL%20SECTORS Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.0; .NET CLR 1.1.4322; .NET CLR 2.0.50727; InfoPath.1) 127.0.0.1 127.0.0.1 fbartolomey 208.82.213.22 false true false false true 125367 blog blogsite/UpdataAdvisors/web