---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-23-000072"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:23:38.093174+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conduent sells Curbside Management & Public Safety units to Modaxo for ~$260M

## Summary
- Enterprise value ~$260M, representing ~8x trailing 12-month adjusted EBITDA of the sold businesses.
- Buyer is Modaxo, a division of Constellation Software Inc. (TSX: CSU); close expected Q1 2024, subject to regulatory approvals.
- Proceeds will be used principally to reduce debt; follows previously announced BenefitWallet divestiture.
- Businesses serve ~130 government clients and operate largely independently from Conduent's remaining transportation portfolio.

## SEC filing metadata
- accession: 0001677703-23-000072
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770323000072/0001677703-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770323000072/cndt-20231228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-23-000072
- JSON: https://secwatch.observer/filing/0001677703-23-000072.json
- Plain text: https://secwatch.observer/filing/0001677703-23-000072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.