CIBER and iGATE Global Solutions Ltd (Formerly Mascot Systems Ltd) to Form Joint
CIBER Gains Access to Established Offshore Delivery Capability; iGATE Global Solutions Ramps Up Offshore Business
Through Larger Client Base
GREENWOOD VILLAGE, Colo. and BANGALORE, India, July 1 /PRNewswire-FirstCall/ -- CIBER, Inc. (NYSE: CBR) and iGATE
Global Solutions Ltd (IGS), formerly Mascot Systems Ltd, today announced their agreement to form an India-based joint
venture that will offer software services, including applications development, enterprise application support and IT outsourcing
services. The joint venture, named CIBER India Pvt Ltd of which CIBER will be the majority owner, will provide clients with
immediate access to an enhanced, cost-effective and high-quality delivery option.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO )
CIBER and its subsidiaries provide IT consulting and other services to Fortune 500 and middle market companies, as well as
public sector clients. With three decades of strong and established client relationships across multiple industry segments,
CIBER offers a robust front-end operation to the joint venture. iGATE Global Solutions, a subsidiary of iGATE Corporation
(Nasdaq: IGTE), is a leading global offshore IT services company based in Bangalore, India. With six offshore development
centers in Asia and more than 3,000 employees around the world, IGS brings an extremely strong and mature offshore delivery
capability to the new organization.
The joint venture will provide CIBER with an ownership position in an offshore delivery option that it has been offering to its
customers. IGS will benefit from increased business through an extended client base and access to a large-scale organization.
"We are excited to formalize our relationship with iGATE Global Solutions. CIBER and IGS have already successfully worked
together for over a year. IGS's quality of delivery and breadth of services have enabled CIBER to deliver cost-effective
applications to our clients. Also, IGS has a far greater depth of resources and experience than a start-up or small acquisition
could ever accomplish. Our confidence in establishing this alliance was further enhanced by IGS's high quality management
team and superior delivery methodologies and processes," said Mac Slingerlend, CIBER's President and Chief Executive
Through this joint venture, CIBER adds another formalized delivery option to its portfolio that can help clients in building,
integrating and supporting their mission-critical applications, delivering cost-effective solutions with established quality
standards using IGS's proven development methodologies. IGS is assessed at CMM Level 5, the highest level attainable of the
Software Engineering Institute's Capability Maturity Model. CIBER utilizes its Optimized Delivery Model™ (ODM) to offer clients
the most appropriate combination of onsite, offsite and offshore resources to ensure maximum business value. With the joint
venture, CIBER will continue to provide local relationships and project management, while leveraging the advantages of
offshore delivery of coding, testing and maintenance, to provide flexible, cost effective solutions for clients.
"Leading companies are taking a global approach to IT sourcing, outsourcing work to the location that makes the most sense
for the task at hand. Forward-thinking CIOs are asking how to get the best of both worlds -- the continuity of current external
service providers with offshore talent and labor advantages," said Ed Longo, CIBER's Chief Operating Officer. "CIBER already
has affordable pricing, a great reputation for delivery and long-term client relationships. Combining our assets with iGATE
Global Solutions, an excellent offshore firm, further enhances our one-stop shopping for IT value propositions by offering
'hybrid solutions' to U.S. clients looking for full or partial offshore alternatives."
"We have already demonstrated we can work well together. CIBER is a great partner and formalizing our relationship, via this
joint venture, is a step forward towards leveraging our synergistic strengths for greater success. Together, we make for an
extremely competitive and compelling value proposition to potential customers," said Sunil Wadhwani, Chairman of iGATE
The joint venture will give IGS the ability to serve CIBER's extended clientele that includes prestigious global corporations
across various industry segments such as Communications, Financial Services, Healthcare, Higher Education, Manufacturing,
Entertainment and Technology.
About CIBER, Inc.
CIBER, Inc. (NYSE: CBR) is a leading international system integration consultancy with superior value-priced services for both
private and public sector clients. CIBER's services are offered 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, the company's consultants now serve client businesses from 60 CIBER, 10 DigiTerra and 10
CIBER Europe offices. With offices in 10 countries, annualized revenue of approximately $700 million and approximately 6,000
employees, CIBER's IT specialists continuously build, integrate and support our clients' systems to "competitive advantage
status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE.
About iGATE Global Solutions
iGATE Global Solutions (formerly Mascot Systems), a subsidiary of US-based iGATE Corporation, is a leading global offshore
IT services company. IGS provides strategy, implementation and operational solutions in the areas of Business Process
Outsourcing, Data Management, Business Intelligence, Embedded Systems, ERP and Enterprise Application Integration. IGS
uses its proprietary solutions suite, SmartAPPS(SM), as the framework for its distributed delivery.
The Company employs over 3000 people in 19 offices, which include 6 Offshore and 2 Offsite Development Centers. IGS
operates across 12 countries and services over 100 clients globally.
IGS is a BS7799 certified Company and is assessed at Level 5 of SEI CMM.
The Company's stock is traded on the National Stock Exchange of India (MASCOT), the Bombay Stock Exchange (MASCSYS)
and the Bangalore Stock Exchange (MASL).
More information on IGS is available at www.mascotsystems.com .
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, 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 and the CIBER logo are trademarks or registered
trademarks of CIBER, Inc.
iGATE Global Solutions
Some of the statements in this news release that are not historical facts are forward-looking statements. These forward-looking
statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and
beliefs concerning our business and the markets in which we operate. These statements are based on information currently
available to us, and we assume no obligation to update these statements as circumstances change. There are risks and
uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but
are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we
offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire
and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency
fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein
but those that are common to industry.
SOURCE CIBER, Inc.; iGATE Global Solutions Ltd
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release
regarding iGATE Corporation's business which are not historical facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained
in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently
ended fiscal year.