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Ciber Inc. (NYSE: CBR) completed the sale of its federal division to CRGT Inc. for $40 million in cash. The division provides services primarily to the federal government with a large user being the Department of Defense, and the division’s services do include staffing.
“This sale was an important strategic step in creating value for our shareholders, and allows us to focus on the core components of our growth,” said Ciber President and CEO David Peterschmidt.
Greenwood Village, Colo.-based Ciber ranks No. 17 on Staffing Industry Analysts’ 2011 list of largest IT staffing firms.
CRGT is a Reston, Va.-based provider of information technology services to the federal government. It is owned by private equity firm Veritas Capital.