IT firm HTC Global buys US-based Ciber for USD 93 million
- Acquires the Indian and North American operations of Ciber Inc along with 3500 employees
- Plans to recruit 5000 more employees by 2020
Hyderabad — HTC Global Services, a global provider of IT & ITeS today announced the acquisition of Ciber Inc, a US based global information technology consulting services and outsourcing company. The acquisition comes at a cost of $93 Million USD.
This strategic move is aimed towards further strengthening HTC Global Services’ position worldwide. The acquisition of Ciber Inc will add over 3500 employees to HTC Global Services’ operations globally.
Headquartered in Michigan, HTC Global Services has global delivery centres across multiple time zones in North America, India and Malaysia. HTC Global Services’ operation in India is spread across Chennai and Hyderabad. HTC Global Services acquired CareTech Solutions earlier in 2014 to expand its horizon in the Healthcare industry.
Commenting on the acquisition, Mr. Madhava Reddy, CEO, HTC Global Services, said “This acquisition will further boost the organization’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 Solutions and Ciber Inc we are confident of achieving our vision of USD 1 Billion by 2020. We will be recruiting another 5000 employees by the year 2020.”
The combined strength of both the companies will help HTC to offer customers a comprehensive set of services and fulfill an integral part of strategic material growth, across a range of industry sectors. This acquisition will also help HTC in expanding its footprint in other parts of US. The addition of Ciber’s workforce will propel the company’s growth into the marketplace.
As both the companies share common and firm value systems, we foresee a bright and prosperous future with the ability to compete better at any level.