First Motion for Exclusivity Period Extension Filed by Ciber, Inc.
August 04, 2017 at 12:00 am EDT
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Ciber, Inc. filed a motion in the US Bankruptcy Court seeking the extension of its exclusivity periods on August 4, 2017. As per the motion, the debtor seeks to extend its exclusivity periods for both, to file a plan and to solicit votes on a plan, by 90 days i.e. up to November 6, 2017 and January 5, 2018, respectively. The debtor’s current exclusivity period and solicitation period would expire on August 8, 2017 and October 7, 2017, respectively.
CMTSU Liquidation, Inc., formerly Ciber, Inc., is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management/Staffing, and Software-as-a-Service. It provides project management, application and technical consulting, and database administration for both implementation projects and managed-services engagements. It also provides a solution, Ciber Compliance Suite, which helps SAP customers monitor the usage of their SAP systems. Its business consulting offering helps clients manage their business by offering expertise in IT strategy, enterprise architecture and vertical business processes.