On October 25, 2023, An Amendment Was Made To The Agreement To Include Additional Services, With AuthID Paying TPG $70,000 Per Month For The Remainder Of The Initial One-Tear Term
Portfolio Pulse from Benzinga Newsdesk
AuthID Inc. has amended its services agreement with The Pipeline Group, Inc. (TPG) to include additional services. As per the amendment, AuthID will pay TPG $70,000 per month for the remainder of the initial one-year term. The services include outsourced sales, business development resources for outbound calling, support for automated dialing technology, and classification of customer data.
October 27, 2023 | 12:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AuthID's amendment to its agreement with TPG for additional services could potentially increase its operational costs due to the $70,000 monthly payment.
The amendment to the agreement with TPG means AuthID will have to pay an additional $70,000 per month for the remainder of the initial one-year term. This could increase the company's operational costs, which may negatively impact its short-term financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100