Send to a Friend Share

Hewitt (HEW) To Sell Cyborg Business to Vista Equity Partners

January 16, 2008 9:20 AM EST
HEW Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Hewitt Associates, Inc. (NYSE: HEW) today announced it has agreed to sell assets which are related to its Cyborg business, a licensed payroll and HR software services organization, to Vista Equity Partners for an undisclosed amount.

Currently, Hewitt's Cyborg business provides licensed, processed and hosted payroll software services to a number of organizations in the U.S., Canada and the UK.

Hewitt Associates, Inc. provides human resource benefits, outsourcing, and consulting services in the United States, the United Kingdom, and internationally.

You May Also Be Interested In


Related Categories

Mergers and Acquisitions

Add Your Comment





Follow StreetInsider.com On Twitter