CIBER Acquires Paragon Solutions, Inc

Business Wire, Jan 7, 1999

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Jan. 7, 1999--CIBER, Inc. ("CIBER") (NYSE: CBR) announced today the acquisition of Paragon Solutions, Inc. ("Paragon"), a privately held provider of Oracle software implementation and IT consulting services, headquartered in Pittsburgh, PA.

"We are excited that this acquisition allows us the opportunity to combine Paragon Solutions with The Summit Group, Inc. ("Summit"), our existing value-added Enterprise Applications Solutions practice," stated Mac Slingerlend, CIBER's President/CEO. "Strategically, Paragon adds breadth to CIBER's Summit Group activities by initiating an Oracle project presence in the Pittsburgh, PA, marketplace and strengthening Summit's relationship with Oracle. We are also pleased that Paragon shareholders, Debbie Ferlic and Bob Markley, will join the Summit team. Debbie will serve as a Summit Group Vice President and will continue to manage the Pittsburgh office," continued Mr. Slingerlend. "The Summit Group of CIBER opens outstanding opportunities to continue our competitive advantage in the Pittsburgh market and we are excited to help expand their Oracle expertise," stated Ms. Ferlic. "Bob will assume the role of Sales Director for The Summit Group and will play a key role in managing our Oracle relationship," said Mr. Slingerlend.

Paragon generates annualized revenues of approximately $5 million. The acquisition will be accounted for using purchase accounting.

CIBER, Inc. is a premier provider of system integration consulting services. Employing approximately 6,000 employees located in over 80 offices in more than 20 states plus Canada, CIBER offers leveraged information technology integration solutions in four principal areas: management consulting aligning business/IT solutions (including E-Commerce, data warehousing and component integration), Enterprise Applications Solutions (EAS/ERP) implementation and outsourcing services, network technology design/integration consulting and professional staff augmentation services. CIBER's wholly-owned subsidiaries include Spectrum Technology Group, Inc., Business Information Technology, Inc., The Summit Group, Inc. and CIBER Network Services, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements involve risks and uncertainties that could cause actual results to vary materially from such statements. Please refer to discussions of certain of these risks and uncertainties in the Company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings.