Ciber has announced that it is to sell its Infor practice to Infor for $15 million. Ciber mainly delivers Infor CloudSuite Corporate solutions (formerly Lawson). It has operations in several countries in North America and Europe including the US and the UK. This is not the first partner that Infor has acquired recently. It announced the acquisition of Accentia Middle East a week ago. The reasons for this acquisition are different though.
Ciber is currently trying to reduce a debt to a lender of at least $28.2 million. It is is due by the end of the month, according to CRN. This is not the first divestment they have made. ManpowerGroup picked up their Spanish operation last month.
The deal will keep a number of experienced consultants inside the Infor ecosystem. It will be interesting to see whether Infor disclose the full amount in their quarterly updates, which they are not obliged to do.
Ciber meanwhile are divesting elements to return to a core business that can afford to remove its debt. Michael Boustridge Ciber President and Chief Executive Officer commented: “The sale of our Infor Practice reflects a fundamental decision to hone our business to a focused IT staffing foundation with complementary integrated Business Consulting and Application Development Management capabilities in a synergistic Digital Transformation offering. We are working to provide a seamless transition and great continuity and service to our affected customers and our employees.”
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