T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, December 16, 2017, Vol. 21, No. 349
CIBER INC: Lists $1.02 Million Net Loss in October
CIBER INC: Lists $1.02 Million Net Loss in October
CIBER Inc., et. al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for October 2017.
CIBER Inc. reported a net loss of $1.02 million on $nil of revenue
As of October 31, 2017, CIBER Inc. posted $35.73 million in total
assets, $10.94 million in total liabilities, and $24.79 million in
total shareholders' equity.
The Debtors started the month with $38.22 million cash. They
listed $5.76 million in total receipts and $2.95 million in total
disbursements. Taking into consideration other accounts,
the Debtors had $34.59 million cash at October 31.
A copy of the monthly operating report is available for free at the
SEC at http://bit.ly/2j0uDW1
About CIBER Inc.
CIBER, Inc. -- http://www.ciber.com/-- is a global information
technology consulting, services and outsourcing company. CIBER,
Inc., and two other affiliates sought bankruptcy protection on
April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772). Christian
Mezger, its chief financial officer, signed the petition.
The Debtors disclosed total assets of $334.2 million and total
liabilities of $171.9 million as of Sept. 30, 2016.
The Hon. Brendan Linehan Shannon presides over the case.
Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel.
Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as
local counsel. The Debtors also hired Houlihan Lokey as investment
banker and financial advisor; Alvarez & Marsal North America, LLC,
as restructuring advisor; and Prime Clerk LLC as noticing and
An official committee of unsecured creditors has been appointed in
the Chapter 11 case. The committee retained Perkins Coie, LLP, as
bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel;
and BDO Consulting as financial advisor.
Since the closing of the Sale, the Debtors have taken steps to
change their corporate names from CIBER, Inc., to CMTSU
Liquidation, Inc., CIBER Consulting, Incorporated, to CMTSU
Liquidation 2, Inc., and CIBER International LLC, to CMTSU
Liquidation 3, LLC.
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