Conduent Completes Sale of Non-Core Consulting and Actuarial Segment of its Human Resource Services Business

8/13/18

Conduent Incorporated (NYSE: CNDT) today announced it has completed the sale of its non-core consulting and actuarial segment of its Human Resource Services Business to global private equity investment firm H.I.G. Capital, as announced April 30, 2018.

The sale is a part of the company's previously announced plan to divest approximately $1 billion in revenue associated with non-core assets and focus on serving large enterprise customers and scalable business relationships.

Citigroup Global Markets Inc. served as exclusive financial advisor and Cravath Swaine & Moore LLP served as legal counsel to Conduent.

About Conduent 

Conduent creates digital platforms and services for businesses and governments to manage millions of interactions every day for those they serve. We are leveraging the power of cloud, mobile and IoT, combined with technologies such as automation, cognitive and blockchain to elevate every constituent interaction, driving modern digital experiences that are more efficient, helpful and satisfying.

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