Cass Information Systems sells TEM business to Asignet for $18M cash

CASS INFORMATION SYSTEMS INC

Cass sells its Telecom Expense Management & Managed Mobility Services business to Asignet USA Inc. for $18.0M in cash.
Transaction expected to close in Q2 2025; subject to customary closing conditions.
CEO Martin Resch says sale aligns with strategy to focus capital on financial exchange and information processing.

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