CSG Has Acquired iCheckGateway.com, ("iCG Pay") For $17M; iCG Pay Has Historically Delivered Double-Digit Organic Revenue Growth With 2023 Total Revenue Less Transaction Fees Of ~$9.5M
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CSG Systems International, Inc. (NASDAQ:CSGS) has acquired iCheckGateway.com, LLC (iCG Pay) for $17 million. iCG Pay has shown double-digit organic revenue growth, with 2023 total revenue less transaction fees of approximately $9.5 million. The acquisition is expected to be accretive to CSG's 2024 profitability.
June 03, 2024 | 8:08 pm
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CSG Systems International, Inc. (NASDAQ:CSGS) has acquired iCheckGateway.com, LLC (iCG Pay) for $17 million. The acquisition is expected to be accretive to CSG's 2024 profitability, with iCG Pay showing double-digit organic revenue growth and 2023 total revenue less transaction fees of approximately $9.5 million.
The acquisition of iCG Pay is expected to be accretive to CSG's profitability in 2024. iCG Pay's historical double-digit organic revenue growth and substantial 2023 revenue indicate a positive impact on CSG's financial performance.
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