Ciber acquires SCB

Ciber Inc. is acquiring SCB Computer Technology Inc., an IT services and consulting company, in a $55.9 million cash and stock deal.

The acquisition will provide Ciber with new clients in both the federal and state government markets. About 50 percent of SCB's revenue is from the federal sector, with about 35 percent coming from state and local clients.

Through the agreement, Ciber of Greenwood Village, Colo., is acquiring Memphis, Tenn.-based SCB's balance sheet, which has $51 million in assets, $29.5 million in liabilities and $21.5 million of net worth as of July 31, its last public filing.

Each SCB shareholder will receive $2.15 per share for 26 million shares. The deal is a mix of $1.08 in cash and $1.07 of Ciber common stock per share.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

 Top 100 Promo 2016
contracts DB