8. HTC Global Services Acquires Ciber

Head count: 3,550 employees

Annual sales: $275 million

Purchase price: $90.7 million

Deal closed: June 8

HTC Global Ventures, No. 189 on the CRN SP 500, won a U.S. Bankruptcy Court auction to buy Ciber, No. 43 on the 2016 CRN SP 500, in an unexpected twist to Ciber's Chapter 11 bankruptcy proceedings.

Troy, Mich.-based HTC's bid vastly exceeded the $50 million "stalking horse" agreement Greenwood Village, Colo.-based Ciber reached with Paris-based Capgemini, No. 6 on the CRN SP 500, in April when it filed for Chapter 11 bankruptcy. The filing came after Ciber defaulted on its credit facility from Wells Fargo, which had an outstanding balance at the time of $28.5 million.

"The purchaser is uniquely positioned to acquire the purchased assets [Ciber] as HTC Global has the capabilities and experience in delivering similar services and solutions spanning across a large number of clients in multiple industries," Madhava Reddy, HTC's president and CEO, wrote in a May 18 court filing.