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"George K. Baum & Company embraced the key
goals that I set out at the beginning of the sale process and delivered on them. Their hard work
on my behalf, senior-level advice and attention to detail during all phases of the exceptional
process made me very comfortable with my choice of financial advisors and led to an attractive
outcome in terms of valuation and timing. Also, I've been very pleased with Prairie Capital Management,
George K. Baum & Company's asset management subsidiary, and highly recommend their services."
- Dennis Baumann, CEO of Century Computer Consultants, Inc. -
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Dennis Baumann's entrepreneurial
leadership and experience within the field of information technology led to his founding Century
Computer Consultants, Inc. in 1990. Under his guidance, Century grew to become a leading provider
of IT services to Fortune 1000 clients throughout the Midwest. The Company's dedication to
professionalism and integrity, coupled with regimented operating practices, generated a competitive
advantage and premium reputation among clients within the telecommunications, information technology,
pharmaceutical, manufacturing, retail and transportation industries.
As Century's business continued
to prosper, Mr. Baumann sought to engage an investment banking firm that would satisfy his two
primary objectives (i) to maximize the value of his investment in Century to provide for his
retirement and (ii) to sell the Company to a high-quality acquiror that would embrace elements
of his organization that led to Century's historic achievements and have the resources to support
the Company's continued success. Century elected to engage George K. Baum & Company based on our professionals'
expertise within the IT services industry as well as our firm's track record of delivering results that exceed
our clients' expectations.
As a result of our expertise
within the IT services sector, we comprehensively evaluated Century's competitive position to target
acquirors that would most strategically benefit from a business combination with the Company.
This targeted approach, coupled with the leverage that our process yielded, led to a successfully
completed transaction that fully satisfied our client's stated objectives and a purchase price
well above prevailing valuation multiples within the industry.
CIBER, Inc. (NYSE:CBR), a
leading international system integration consultancy for both private and government sector clients,
acquired Century Computer Consultants, Inc. This combination created a stronger company with an
expanded service line and broader geographic reach, while also providing immediate liquidity to
Century's shareholders.
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