SOUTHFIELD, Mich., Oct. 1 /PRNewswire/ -- CIBER, Inc. (NYSE: CBR), today announced it has hired 150 highly skilled information technology professionals to join its expanded Detroit Global Solutions Center (GSC), in Southfield, Mich. CIBER is investing more than $8 million in this facility over the next seven years, with a commitment to add more than 700 jobs.
CIBER was founded in Dearborn, Mich., in 1974, and is now a $1 billion global IT services and management consulting company with more than 8,000 employees.
The new jobs are the direct result of a partnership between The State of Michigan, The City of Southfield and CIBER, responding to needs of clients who want expert consulting services.
"CIBER provides IT services to major corporations, and this center will serve clients not only in Michigan but across the U.S., and potentially around the world," said David Peterschmidt, CEO of CIBER. "These are sophisticated jobs, requiring employees with a deep knowledge of specific technologies and business acumen. With the type of industries historically present here in Detroit, there is a deep base of talent that we are able to tap into."
"We want to thank the State of Michigan, the Michigan Economic Development Corporation and the City of Southfield for working with us in setting up the structures and incentives for both CIBER and our employees," continued Peterschmidt. "We will expand our presence here, and continue to bring additional jobs to meet our clients' needs."
The Michigan Economic Development Corporation (MEDC) recommended and the Michigan Economic Growth Authority (MEGA) Board approved a state tax credit earlier this year to support the project. The City of Southfield also provided incentives.
"These jobs represent the future of Michigan employment - knowledge workers creating value for clients around the globe," said Greg Main, President and CEO of the MEDC. "We're proud that CIBER selected Michigan as the location for this new facility, and congratulate them for being ahead of plan, already bringing 150 new jobs since just the beginning of the year."
The Michigan Economic Growth Authority (MEGA), the state's response to interstate competition for company expansions and relocations, may provide a refundable tax credit against the Michigan Business Tax (MBT) to companies expanding or relocating their operations in Michigan. Since January 2010, more than 71,200 new and retained jobs have been announced as a result of the MEGA program.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
About CIBER, Inc.
CIBER, Inc. is a global information technology consulting and services 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 in Michigan, CIBER now has more than 8,000 employees. We operate in 18 countries, serving clients from 14 Global Solution Centers and 70 local offices in North America, Europe and Asia/Pacific. Annual revenue in 2009 exceeded $1.0 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.
CIBER Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright© 2010.
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