Conduent on Wednesday said it successfully completed the $230 million sale of its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of Constellation Software Inc.
The Florham Park-based technology solutions and services company said that, with the completion of the sale, it will continue to execute its growth strategy and advance toward its deployable capital goal.
“This divestiture marks another significant step in our efforts to concentrate on our core capabilities and foster growth that benefits both our shareholders and clients,” Cliff Skelton, Conduent CEO and president, said.
Conduent said it will also continue to drive innovation in its Road Usage Charging Solutions and Transit Solutions businesses to enable streamlined, high-volume mobility services. The sale to Modaxo has no impact on these businesses.
