TeleTech (TTEC) Completes $35.6M Acquisition of eLoyalty's (ELOY) ICS Business

May 31, 2011 8:21 AM EDT
TeleTech Holdings, Inc. (Nasdaq: TTEC) has completed the $35.6 million acquisition of the Integrated Contact Solutions (ICS) business unit and associated assets, including intellectual property, of eLoyalty Corporation (Nasdaq: ELOY)(Nasdaq: MATR).

ICS will continue to operate under the eLoyalty brand.

The acquisition is expected to be immediately accretive to TeleTech’s earnings and TeleTech plans to provide an updated 2011 business outlook when it releases its second quarter results in early August.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Related Entities


Add Your Comment