CSG Accelerates Diversification Strategy with Accretive Acquisition of High Growth Payment Company iCG Pay
CSG Systems International, Inc. (CSGS)
Last csg systems international, inc. earnings: 2/5 04:05 pm
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Source: Business Wire
DENVER--(BUSINESS WIRE)--CSG® (NASDAQ: CSGS) today announced it has acquired iCheckGateway.com, LLC (“iCG Pay”), a North American ACH and credit card payment processing company. Management expects this acquisition to be accretive to CSG’s 2024 profitability.iCG Pay has a rapidly growing merchant customer base in high recurring revenue industry verticals including financial services, insurance, utilities and government. Both CSG and iCG Pay provide market leading solutions in ACH and credit card processing such that merchants and independent software vendor (ISV) partners will benefit greatly from our combined offerings once the two platforms are fully integrated. The acquisition also adds attractive new ISV channel partnerships and a proven team of payments leaders who will help extend CSG’s leadership in the North American payments markets.“We are extremely excited to welcome the talented iCG Pay team and the innovative merchants and ISV partners to CSG,” said Brian Shepherd, pre
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News
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- What Makes CSG Systems (CSGS) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- CSG Systems International, Inc. (NASDAQ: CSGS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
CSGS
Earnings
- 8/7/24 - Beat
CSGS
Sec Filings
- 8/8/24 - Form 10-Q
- 8/7/24 - Form 8-K
- CSGS's page on the SEC website