iCoreConnect Agrees To Divest Its Managed Service Provider Division To The 20, LLC Through An Asset Sale; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
iCoreConnect has agreed to sell its Managed Service Provider division to The 20, LLC through an asset sale. The terms of the deal have not been disclosed.
October 01, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
iCoreConnect is selling its Managed Service Provider division to The 20, LLC. This divestiture could streamline iCoreConnect's operations and potentially improve focus on core business areas.
The divestiture of the Managed Service Provider division suggests a strategic move by iCoreConnect to focus on its core business areas. This could lead to improved operational efficiency and potentially positive investor sentiment, hence a likely short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90