GREENWOOD VILLAGE, Colo., Feb. 23 /PRNewswire-FirstCall/ -- CIBER, Inc. today announced its Board of Directors has authorized the purchase of up to $5 million of common shares in 2010. CIBER purchased 1.4 million shares of common stock in open-market transactions in 2009. CIBER uses this program to support shares being purchased in its Employee Stock Purchase Program and to mitigate the dilution of shares outstanding by stock options.
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"The Board''s approval of the share repurchase program reflects its confidence in the return to its historic trend of growth and our commitment to returning capital to our shareholders," said Mac Slingerlend, CIBER''s President and Chief Executive Officer.
About CIBER, Inc.
CIBER, Inc. is a pure-play international IT outsourcing and software implementation and integration consultancy with superior value-priced services and reliable delivery for both private and government sector clients. CIBER''s services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 40 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,000 employees and annual revenue in excess of $1 billion, CIBER and its IT specialists continuously build and upgrade clients'' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, the Reliable Global IT Services Partner. http://www.ciber.com/.
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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CIBER, Inc.
CONTACT: Doug Eisenbrandt, Director/Investor Relations of CIBER, Inc.,
+1-303-220-0100, deisenbrandt@ciber.com
Web Site: http://www.ciber.com/
