CSG to acquire ComTec for $23.5 million

CSG Systems International Inc. [1], a provider of customer care and billing solutions in the cable and satellite markets, has reached an agreement to acquire ComTec Inc. [2], a provider of print and electronic customer communications supporting the cable and telecom markets.

CSG will acquire ComTec for approximately $23.5 million, in cash, with a close date expected in early July and subject to satisfactory and customary closing conditions.

The acquisition increases CSG’s presence in its core video market, as well as in new industry verticals such as telecommunications, the company said.