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Ciber to examine alternatives for company

IT Staffing Report

Ciber to examine alternatives for company

November 1, 2016
DollarPoundKey

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IT solutions and staffing provider Ciber Inc. (NYSE: CBR) brought in an advisor to examine different alternatives for the company. Those alternatives could include refinancing, acquisitions, joint venture, a divestiture or other steps.

The US-based company reported $95.1 million in North America revenue and $71.0 million in international revenue during its second quarter ended June 30. Its announcement on the hiring of a strategic advisor was made Oct. 24 in a filing with the US Securities and Exchange Commission.

Ciber has recently sold several European divisions. It closed on the sale of its Ciber Nederland BV in the Netherlands on June 16 to ManpowerGroup Inc. (NYSE: MAN) for a purchase price of $25 million. Ciber also sold its Norwegian business to ManpowerGroup and sold its Swedish business to Bouvet Stockholm AB. However, the firm still has other European operations.