Notice of Selection of Succesful Bidder Filed by Ciber, Inc.
May 18, 2017 at 12:00 am EDT
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Ciber, Inc. filed a notice of selection of successful bidder in the US Bankruptcy Court for the sale of 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 in the US Bankruptcy Court on May 18, 2017. As per the notice, HTC Global Ventures, LLC has been selected as the successful bidder for the sale of its certain assets for a purchase price of $93 million along with the assumption of certain liabilities pursuant to an asset purchase agreement dated May 17, 2017. As per the terms of the agreement, the buyer shall make a deposit of $5.5 million into escrow. The Closing shall not be consummated prior to or on June 8, 2017. The sale hearing is scheduled to be held on May 19, 2017. Scott K. Lites and David A. Lerner of Plunkett Cooney, P.C. represented the buyer as legal advisors.
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.
CMTSU LIQUIDATION, INC. 
