BROADWAY & SEYMOUR COMPLETES SALE OF COMMUNITY BANKING BUSINESS.CHARLOTTE, N.C.--(BUSINESS WIRE)--July 5, 1995--Broadway & Seymour, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BSIS BSIS Bureau of Security and Investigative Services (California, USA) BSIS Battlefield Strategic Information System ), today announced it has completed the previously announced sale of its community banking business to Jack Henry & Associates, Inc. of Monnett, MO. The total consideration is expected to be $12 million, including $2 million for the net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of the community banking unit, $4 million for a license for certain software delivered at closing, and $6 million to be earned over the next 12 months for marketing, management and other transitional fees to be provided by Broadway & Seymour. Based in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , Broadway & Seymour is a provider of client-based information technology solutions to the financial marketplace and the professionals who serve that market. It offers products, software development and support, and systems integration outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. . CONTACT: David L. Durham Kristin M. Anderson Sr.VP & Chief Financial Officer Ludgate Communications Broadway & Seymour (212) 688-5144 (704) 344-3214 |
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