Under the terms of the agreement, CIBER will acquire the assets and operations of Metamor in the United States and employees in India. CIBER has a defined Retail Services vertical and SAP implementation is a big part of CIBER’s main business. CIBER’s last 4 acquisitions have been in the SAP domain and Metamor fits in the over-all CIBER expansion plan.
“Headstrong’s focus has been on providing domain led IT services to key verticals like Capital Markets and its continued leadership in the Project Portfolio Management consulting. Today we are recognized as one of the key players in these areas. Our growth related investments would continue to focus on building our expertise and Domain differentiators,†said Nicki Mehra, Managing Director, Corporate Strategy and Marketing for Headstrong.
“The AFS segment is not aligned to our focus and the Metamor divesture is in line with our growth strategy. We also believe that it was critical for the growth of Metamor and its employees for Metamor to move to an organization which shares its industry focus and would nurture it and we are proud that we were able to accomplish this,†said Arjun Malhotra, Chairman and CEO of Headstrong.
Avendus Advisors were the sole advisors to Headstrong for the transaction.
