The US Bankruptcy Court gave an order approving the sale of certain assets of Ciber, Inc. on May 19, 2017. The debtor has been authorized to sell its certain assets to HTC Global Ventures, LLC, the winning bidder at the auction, for a purchase price of $93 million along with the assumption of certain liabilities pursuant to an asset purchase agreement dated May 17, 2017. The debtor’s assets include substantially all of the assets relating to North American business along with 100% of the capital stock in wholly owned non-debtor subsidiary CiberSites India Private Limited.
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.