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US Dataworks Sells Business Assets to Bankers Bancorp of Oklahoma in Bankruptcy Move.

M2 EQUITYBITES-July 24, 2017-US Dataworks Sells Business Assets to Bankers Bancorp of Oklahoma in Bankruptcy Move

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24 July 2017 - US-based software and technology provider US Dataworks, Inc. (OTC: UDWK) has sold its business assets to a subsidiary of US-based financial services firm Bankers Bancorp of Oklahoma, Inc. as part of its Chapter 11 plan, the company said.

Terms of the deal were not disclosed.

The company said that all customer contracts have been assigned to the subsidiary, assuring customers of uninterrupted access to the company's technology and customer service.

US Dataworks was a software and technology provider serving the financial services sector prior to the sale of assets.

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Publication:M2 EquityBites (EQB)
Date:Jul 24, 2017
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