Ciber buys firm in India

By agencies   |   Tuesday, 21 June 2005, 07:00 Hrs
Printer Print Email Email
BANGALORE: Almost six months after the outsourcing topic boiled down, Ciber Inc. is boosting its offshore presence in India.

The Greenwood Village information technology consulting firm said it is buying a Bangalore-based IT consultancy, Knowledge Systems, for $2.5 million.

The total price tag could rise an additional $600,000 if Knowledge Systems hits certain financial targets over the next two years.

The Bangalore firm employs 175 consultants, 125 of who are employees and 50 who are subcontractors. The acquisition will bring Ciber's India-based work force to about 300.

The company employs more than 8,000 globally.

Ciber CEO Mac Slingerlend said the purchase will help his company retain U.S. jobs by offering customers lower-priced software development and testing services.

"If I don't do work offshore, I lose American jobs," Slingerlend said.

In a news release, Slingerlend said the increased offshore presence in India "is complementary to our CIBERsites initiative."

"Simply put, our clients need to save money in their IT budgets," he added.

SPOTLIGHT
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..