Ciber Plans $25 Million Common Share Offering
The shares are being offered under a registration statement previously filed and declared effective by the Securities and Exchange Commission on January 8. Ciber plans to use the net proceeds from this offering to repay a portion of the company's revolving credit facility.
Greenwood, Colorado-based Ciber is a system integration consultancy and outsourcing firm serving both private and government sector clients.
The company serves client businesses from over sixty U.S. offices, 25 European offices and seven offices in Asia/Pacific. The company has more than 8,500 employees and posts annual revenue of around $1.2 billion.
FinancialWire" ( http://www.financialwire.net ), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .
Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .
Copyright(C)2009 by financialwire.net, Inc. All rights reserved.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
