CSG Sells Division

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CSG Systems International Inc. is selling its global-software division to Comverse Technology Inc. for $251 million.

“The divestiture of the GSS division will allow CSG to intensify its focus on our core competencies in the cable and DBS [direct-broadcast satellite] markets,” CEO Ed Nafus said.

The division includes the “Kenan FX” software and services portfolio and the ICMS customer-care division.

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