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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> PRES-C [<a href="mailto:pres-c-bounces@lists.ctc.edu">mailto:pres-c-bounces@lists.ctc.edu</a>]
<b>On Behalf Of </b>Marty Brown<br>
<b>Sent:</b> Monday, April 10, 2017 10:19 AM<br>
<b>To:</b> Presidents (<a href="mailto:pres-c@lists.ctc.edu">pres-c@lists.ctc.edu</a>);
<a href="mailto:DFrazier@pencol.edu">DFrazier@pencol.edu</a>; Bellamy, Reagan; Tim Cook;
<a href="mailto:cmorgan@greenriver.edu">cmorgan@greenriver.edu</a>; <a href="mailto:jose.dasilva@wwcc.edu">
jose.dasilva@wwcc.edu</a>; <a href="mailto:smaxwell@clark.edu">smaxwell@clark.edu</a>; Chikwinya, Mary (<a href="mailto:mchikwinya@tacomacc.edu">mchikwinya@tacomacc.edu</a>); Anne Fennessy; Carol Landa-McVicker; Elizabeth Chen; Fredrick Whang; Jay Reich; Larry
Brown; Phyllis Kenney; Shaunta Hyde; Shaunta Hyde Alaska; Wayne Martin (<a href="mailto:wmartin@owt.com">wmartin@owt.com</a>)<br>
<b>Cc:</b> Christine Salvador; <a href="mailto:sward@centralia.edu">sward@centralia.edu</a>;
<a href="mailto:erodriquez@columbiabasin.edu">erodriquez@columbiabasin.edu</a>; <a href="mailto:larry.clark@cptc.edu">
larry.clark@cptc.edu</a>; <a href="mailto:michael.cockrill@watech.wa.gov">michael.cockrill@watech.wa.gov</a>;
<a href="mailto:russ.beard@bellevuecollege.edu">russ.beard@bellevuecollege.edu</a>; Michael Cockrill (<a href="mailto:michael.cockrill@ofm.wa.gov">michael.cockrill@ofm.wa.gov</a>);
<a href="mailto:ehayes@lowercolumbia.edu">ehayes@lowercolumbia.edu</a>; <a href="mailto:andy.heiser@skagit.edu">
andy.heiser@skagit.edu</a>; Trippel, Stuart A T; <a href="mailto:challaday@pierce.ctc.edu">
challaday@pierce.ctc.edu</a>; <a href="mailto:dbundy@clark.edu">dbundy@clark.edu</a>;
<a href="mailto:rlunden@olympic.edu">rlunden@olympic.edu</a>; <a href="mailto:ptaylor@bates.ctc.edu">
ptaylor@bates.ctc.edu</a>; <a href="mailto:lcasile@spscc.edu">lcasile@spscc.edu</a>; Williamson, Bob (<a href="mailto:bwilliamson@clark.edu">bwilliamson@clark.edu</a>);
<a href="mailto:ricks@bigbend.edu">ricks@bigbend.edu</a>; <a href="mailto:michael.taylor@cptc.edu">
michael.taylor@cptc.edu</a>; Patrick Sisneros; Corigliano, Paul (<a href="mailto:pcorigliano@RTC.edu">pcorigliano@RTC.edu</a>);
<a href="mailto:tbrooks@columbiabasin.edu">tbrooks@columbiabasin.edu</a>; <a href="mailto:mike.potter@lwtech.edu">
mike.potter@lwtech.edu</a>; Kimberly Pleger (<a href="mailto:kpleger@bates.ctc.edu">kpleger@bates.ctc.edu</a>); '<a href="mailto:twrye@highline.edu">twrye@highline.edu</a>';
<a href="mailto:andrew.glass@ghc.edu">andrew.glass@ghc.edu</a>; <a href="mailto:whall@lcc.ctc.edu">
whall@lcc.ctc.edu</a>; <a href="mailto:rhill@greenriver.edu">rhill@greenriver.edu</a>;
<a href="mailto:ehernandez@olympic.edu">ehernandez@olympic.edu</a>; Buttleman, Kurt; Rob St. John (<a href="mailto:rob.st.john@cts.wa.gov">rob.st.john@cts.wa.gov</a>);
<a href="mailto:smckean@cascadia.edu">smckean@cascadia.edu</a>; David Schumacher (<a href="mailto:david.schumacher@ofm.wa.gov">david.schumacher@ofm.wa.gov</a>);
<a href="mailto:myates@spscc.edu">myates@spscc.edu</a>; <a href="mailto:phenson@pierce.ctc.edu">
phenson@pierce.ctc.edu</a>; Linda Schoonmacher; <a href="mailto:steve.chen@ccs.spokane.edu">
steve.chen@ccs.spokane.edu</a>; <a href="mailto:kevin.combs@wwcc.edu">kevin.combs@wwcc.edu</a>;
<a href="mailto:tholland@yvcc.edu">tholland@yvcc.edu</a>; <a href="mailto:wnaf@whatcom.edu">
wnaf@whatcom.edu</a>; <a href="mailto:ligia.cicos@email.edcc.edu">ligia.cicos@email.edcc.edu</a>;
<a href="mailto:marykay.wegner@bellevuecollege.edu">marykay.wegner@bellevuecollege.edu</a>; Merrell, Melinda (<a href="mailto:mmerrell@rtc.edu">mmerrell@rtc.edu</a>);
<a href="mailto:connie.michener@watech.wa.gov">connie.michener@watech.wa.gov</a>;
<a href="mailto:mwyatt@everettcc.edu">mwyatt@everettcc.edu</a>; <a href="mailto:nlangstraat@whatcom.ctc.edu">
nlangstraat@whatcom.ctc.edu</a>; <a href="mailto:ed.jaramillo@skagit.edu">ed.jaramillo@skagit.edu</a>;
<a href="mailto:cperera@btc.edu">cperera@btc.edu</a>; <a href="mailto:ckrauss@tacoma.edu">
ckrauss@tacoma.edu</a>; <a href="mailto:bstorms@centralia.edu">bstorms@centralia.edu</a>; Chad Stiteler (<a href="mailto:CStiteler@btc.ctc.edu">CStiteler@btc.ctc.edu</a>);
<a href="mailto:daniel.cordas@seattlecolleges.edu">daniel.cordas@seattlecolleges.edu</a>; David Postman (<a href="mailto:david.postman@gov.wa.gov">david.postman@gov.wa.gov</a>);
<a href="mailto:ahersh-tudor@wvc.edu">ahersh-tudor@wvc.edu</a>; <a href="mailto:pdaniels@highline.edu">
pdaniels@highline.edu</a>; <a href="mailto:christopher.weeks@lwtech.edu">christopher.weeks@lwtech.edu</a>; Pickens-Rucker, Kathy (OCIO) (<a href="mailto:kathy.pickens-rucker@ocio.wa.gov">kathy.pickens-rucker@ocio.wa.gov</a>);
<a href="mailto:mroberts@pencol.edu">mroberts@pencol.edu</a>; <a href="mailto:davina.fogg@wwcc.edu">
davina.fogg@wwcc.edu</a>; Hsiao, Terence; McKay, Kevin<br>
<b>Subject:</b> [Pres-c] Ciber update<br>
<b>Importance:</b> High<o:p></o:p></span></p>
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<p><span lang="EN" style="font-family:"Arial","sans-serif"">According to a Ciber press release, the company today announced that it filed voluntary petitions seeking relief under Chapter 11 of the United States Bankruptcy Code to initiate a process intended
to accommodate an orderly going-concern sale of the Company's business operations. <o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif"">Ciber has a commitment for up to
<span class="xn-money">$41 million</span> in debtor-in-possession financing, subject to bankruptcy court approval, which is expected to provide the Company with liquidity to maintain its U.S. operations in the ordinary course of business during the Chapter
11 process. <o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif"">So what does this mean for our project? We do not fully know that yet, but the presumptive purchaser has given general assurances that client services and contracted work will continue during the restructuring
and sale. </span><span lang="EN" style="font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif"">Prior to the Chapter 11 filing, and subject to Bankruptcy Court approval, Ciber entered into a "stalking horse" Purchase Agreement with
</span><a href="https://www.capgemini.com/" target="_blank"><span lang="EN" style="font-family:"Arial","sans-serif";color:windowtext;text-decoration:none">Capgemini</span></a>,
<span style="font-family:"Arial","sans-serif"">a French company, </span><span lang="EN" style="font-family:"Arial","sans-serif"">to acquire substantially all of the assets of the Company in
<span class="xn-location">North America</span> and <span class="xn-location">India</span>
</span><span style="font-family:"Arial","sans-serif"">for $50 million </span><span lang="EN" style="font-family:"Arial","sans-serif"">in a sale process under the Bankruptcy Code that will be subject to higher and better offers. </span><span style="font-family:"Arial","sans-serif"">With
more than 190,000 people, Capgemini is present in over 40 countries and celebrates its 50th Anniversary year in 2017.</span><span lang="EN" style="font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif"">Through this proposed transaction, Ciber's clients will benefit from the high levels of service Capgemini is known to provide its clients. Ciber's employees will benefit from joining a global leader
in its markets. <o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif"">Under the sale process provided by the Bankruptcy Code, notice of the proposed sale to Capgemini will be given to third parties and competing bids will be solicited. Ciber will manage the bidding process
and evaluate the bids, in consultation with independent professional advisors and overseen by the Bankruptcy Court.<o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif"">Ciber’s President and CEO said, "With the advice and support of outside advisors, we've explored multiple paths, including selling the Company outside the bankruptcy process, selling certain assets
of the Company, and other transactions to restructure the balance sheet or raise capital, while also focusing on attempting to improve sales, reduce costs, and exit underperforming operations. After careful consideration of the alternatives available to maximize
the value of the Company, it's become clear that the best path forward for the Company, its employees, customers and stakeholders is to accomplish a sale through the bankruptcy process. We are keenly focused on minimizing disruption to our customers, partners,
and employees during the Chapter 11 process. The proposed sale will preserve jobs, ensure customers can benefit from continuity of services, and enable a smooth transition of Ciber's U.S. business to Capgemini or any other bidder providing a higher and better
offer in accordance with Court approved procedures." <o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif"">Ciber's Board of Directors has named a noted financial restructuring expert to help facilitate the Company's financial restructuring. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">We’ll share more information as it becomes available; but we will continue with what we’re currently doing to remediate and move forward. We can’t and won’t stop our work
while this shakes itself out.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">Marty Brown<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">SBCTC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">360 704-4355 (o)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif"">360 480-9687 (c)</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Lucida Sans Unicode","sans-serif";color:#4F6228"><img border="0" width="112" height="122" id="Picture_x0020_1" src="cid:image001.jpg@01D2B1DF.E7B2E510" alt="SBCTC_Anniversary Logo Main_Round3OUT_v1_MC"></span></b><b><i><span style="font-size:12.0pt;font-family:"Georgia","serif""><o:p></o:p></span></i></b></p>
<p class="MsoNormal"><b><i><span style="font-size:12.0pt;font-family:"Georgia","serif""><o:p> </o:p></span></i></b></p>
<p class="MsoNormal"><b><i><span style="font-size:12.0pt;font-family:"Georgia","serif"">"Better Jobs. Brighter Futures. A Stronger Washington.”</span></i></b><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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