Information technology company Ciber Inc. said today that it and some of its U.S. units filed for chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware, Reuters reported. Capgemini agreed to act as the stalking-horse bidder to buy the North American operations of Ciber for $50 million, which excludes the company's international operations and some liabilities. The company listed assets in the range of $50 million to $100 million and liabilities in a similar range, according to the filing. Ciber has received a commitment for up to $45 million in debtor-in-possession financing, which will be used to maintain its U.S. operations during the chapter 11 process.
