ASX-listed CSG agrees to buy NZ IT firm CodeBlue for as much as $15 mln

Tue, 18 Aug 2015

By Jonathan Underhill Aug. 18 (BusinessDesk) - CSG, the ASX-listed 'technology-as-a-service' company, has agreed to acquire New Zealand information technology services firm CodeBlue for as much as $15 million including earn-outs to extend its IT support to small and medium-sized businesses. CSG has agreed to buy CodeBlue for $5 million cash and $2.7 million in contingent cash payments and further earn-out considerations, capped at a total purchase price of no more than $15 million, the company said. CSG this week raised A$30 million in a...

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