RESTON, Va., March 12, 2012 /PRNewswire/ -- CRGT Inc., a leading provider of full life-cycle IT services and expert in emerging technology solutions for the Federal government, today announced that it has completed the purchase of the Federal division of CIBER, Inc. (NYSE: CBR). CIBER's Federal division ("CIBER Federal") brings over 25 years of experience supporting the U.S. Federal Government, including a broad base of customers spanning every major federal government agency and various civilian customers. CIBER Federal offers a full spectrum of IT services, solutions, and support to include enterprise architecture, application development, systems implementation and integration, operations support, and security.
"This is an incredibly exciting time for CRGT and CIBER Federal employees. This acquisition helps strengthen and extend our increasingly differentiated portfolio of service offerings and capabilities to bring greater value to our customers," said CRGT CEO and President Tom Ferrando. "We instantly grow our base of talented employees and expand the depth of our management team to continue pursuing our aggressive growth strategy."
CRGT has an excellent track record of success delivering full life-cycle services and emerging technology solutions for the on-going operation of large-scale, high-volume information technology systems that solve the most challenging problems and connect vital agencies to their large constituencies. The acquisition of CIBER Federal brings numerous new customer relationships and an impressive array of government contract vehicles that extends CRGT's reach throughout the Federal marketplace. CIBER Federal has over 1,000 employees in 45 states and 6 countries worldwide, further extending CRGT's geographic presence and market reach.About CRGT Inc.CRGT is a full life-cycle services provider and leading expert in emerging technology solutions for the Federal government. Working as a close partner with government agencies spanning national defense, domestic security and civilian services, CRGT has earned a proud track record of success with integration and operations for large-scale, high-volume solutions that connect these vital agencies to their diverse constituencies. CRGT is best known for programs such as Army Knowledge Online (AKO), an enterprise-scale, cloud-based, knowledge management solution serving over 2.3 million users globally. More broadly, CRGT is known for its work across numerous innovative technology domains, including enterprise mobile computing, cloud services, visually and spatially oriented analytics solution and cyber security in support clients such as the Department of Justice, Department of Homeland Security, the U.S. Army, the Veterans Administration, United States Postal Service, Montgomery County, MD and more. Spun out from CherryRoad Technologies in 2008, CRGT is a uniquely positioned, nimble organization that offers customers the flexibility and agility they have valued for over 25 years combined with the strength that comes from being part of the Veritas Capital group. For additional information on CRGT, please visit www.crgt.com. About CIBER, Inc.CIBER, Inc. is a global information technology consulting, services and outsourcing company applying practical innovation through services and solutions that deliver tangible results for both commercial and government clients. Services include application development and management, ERP implementation, change management, project management, systems integration, infrastructure management and end-user computing, as well as strategic business and technology consulting. Founded in 1974 and headquartered in Greenwood Village, Colorado, CIBER has more than 7,400 employees and subcontractors and operates in 18 countries, serving clients in North America, Europe and Asia/Pacific. Annual revenue in 2011 was $1 billion. CIBER trades on the New York Stock Exchange (NYSE: CBR), and is included in the Russell 2000 Index and the S&P Small Cap 600 Index. For more information, visit www.ciber.com. SOURCE CRGT Inc.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.