Ciber: HTC Global acquires US firm Ciber Inc for $93 million

BS ReporterHyderabad, 23 June: IT services company HTC Global Services has acquired Ciber Inc., a US based global IT consulting and outsourcing services company for $ 93 million. Established in Troy, Michigan in 1990 by Indian entrepreneur M Madhava Reddy, HTC Global has taken this strategic move towards further strengthening its position globally. The acquisition of Ciber Inc. will add over 3,500 employees to HTC's 10,000 strong workforce. In 2014 the company had acquired US company CareTech Solutions for an undisclosed sum with a view to expand its footprint in healthcare sector." This acquisition will further boost the organisation's ability to deliver exceptional customer service, deep expertise in cutting edge technologies, and passionate focus on building trusting relationships. With the acquisition of Care Tech and Ciber Inc., we are confident of achieving our vision of becoming a $ 1 billion company by 2020. We will be recruiting another 5,000 people by 2020," Madhava Reddy ...