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The company said that Iteamic has been in business since 2003 and will add both leadership and scale to its Indian operations.
Iteamic has about 200 employees and expects to do between $7 million and $8 million in revenue in its 2009 fiscal year, which ends in March. Ciber said that the acquisition is expected to close in 30 days.
Shares of Ciber fell 62 cents, or 7.6 percent, to close at $7.56 Monday. The stock has traded between $4.20 and $8.97 over the last 52 weeks.
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