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Trintech UK, Ltd. Siemensstr. 20 EC2N 2DL London http://www.trintech.com
Contact Mr Dave Tomlinson +1 972-739-1611
Company logo of Trintech UK, Ltd.
Trintech UK, Ltd.

Trintech Announces Completion of Sale of Healthcare Division

(PresseBox) (DALLAS and DUBLIN, Ireland, )
Trintech Group Plc (Nasdaq:TTPA), a leading global provider of integrated financial governance, risk management and compliance software solutions, announced today it had successfully completed the sale of its healthcare division, Concuity, to The Advisory Board Company (Nasdaq:ABCO) for $34.5 million in cash.

The purchase price is subject to a working capital adjustment, and an escrow amount of $6 million has been set aside with $2 million to be released after 9 months and the remainder no later than December 31, 2011, subject to the satisfaction of postclosing conditions.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.