reports
Cegeka Successfully Completes the Tender Offer for Computer Task Group...
Cegeka Successfully Completes the Tender Offer for Computer Task Group, Incorporated HASSELT, Belgium and LIMBURG, the Netherlands, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) announced today that its wholly owned subsidiary, Chicago Merger Sub, Inc. (“Merger Sub”), has successfully completed its tender offer to purchase all outstanding shares of common stock of Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”), at a price of $10.50 per share, net to the seller in cash, without interest and less any applicable withholding taxes. CTG is a leader in North America and ...
CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis ...
CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023 Cegeka and CTG work toward Completion of Regulatory Requirements to Complete Acquisition Cegeka and CTG signed an agreement on August 9, 2023, for Cegeka to purchase CTG for $10.50 per share in a cash transaction valued at approximately $170 million.IT Solutions and Services segments represent 87% of total revenue in the third quarter, CTG’s highest level to date. Revenue of $71.3 million reflected intentional disengagement of $11.8 million from non-strategic technology services bu...
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding ...
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG HASSELT, Belgium and LIMBURG, The Netherlands and BUFFALO, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) and Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”) announced today that Chicago Merger Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer (the “Offer”) to acquire all of the outstanding shares of common stock of CTG, par value $0.01 per share (“Shares”), for $10.50 per Share, net to the seller in cash, without intere...
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding ...
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG HASSELT, Belgium and LIMBURG, Netherlands and BUFFALO, N.Y., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) and Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”) announced today that Chicago Merger Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer (the “Offer”) to acquire all of the outstanding shares of common stock of CTG, par value $0.01 per share (“Shares”), for $10.50 per Share, net to the seller in cash, without interest a...
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding ...
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG HASSELT, Belgium/Limburg and BUFFALO, N.Y., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) and Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”) announced today that Chicago Merger Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer (the “Offer”) to acquire all of the outstanding shares of common stock of CTG, par value $0.01 per share (“Shares”), for $10.50 per Share, net to the seller in cash, without interest and less any appl...
CTG Recognized as One of the UK’s Best Workplaces in Tech™
CTG Recognized as One of the UK’s Best Workplaces in Tech™ BUFFALO, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in North America and Western Europe helping companies employ to drive their productivity and profitability, announced today that the Company has been named to the 2023 United Kingdom’s (UK) Best Workplaces in Tech™ list in the small employer category by . Through an anonymous survey, CTG employees shared that the Company’s people and collaborative culture are what truly make a great place to work. CTG UK starts off the year with a prestigiou...
CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis...
CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis Points to 30.7% in Second Quarter 2023, Cegeka to Acquire CTG for $10.50 Per Share Cegeka to acquire CTG for $10.50 per share in a cash transaction valued at approximately $170 million. See the separate press release issued earlier today that announced this transaction.Software Engineering revenue in the second quarter of more than $30 million with gross margin of 32.7%IT Solutions and Services segments represent 86% of total revenue in the second quarter, CTG’s highest level to date IT Solutions and Services segments gr...
Cegeka to Acquire CTG for $10.50 Per Share, Enhancing Value to Custome...
Cegeka to Acquire CTG for $10.50 Per Share, Enhancing Value to Customers Across North America and Europe Cegeka finds in CTG a partner that complements its customer and service portfolio and strengthens Cegeka’s capabilities and knowledge. Cegeka and CTG together can deliver enhanced value to customers across North America and Europe.Cegeka will acquire CTG for $10.50 per share in cash in a transaction valued at approximately $170 million. The acquisition is expected to bring Cegeka to an annual turnover in 2024 of €1.4 billion, employing over 9,000 people in 18 countries. HASSELT, Belgium...
CTG Announces Second Quarter 2023 Financial Results Conference Call an...
CTG Announces Second Quarter 2023 Financial Results Conference Call and Webcast BUFFALO, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in North America and Western Europe helping companies employ to drive productivity and profitability, announced that it will release its second quarter 2023 results before the opening of financial markets on Wednesday, August 9, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Second Quarte...
Fortune Media and Great Place To Work Name CTG to 2023 Fortune Best Wo...
Fortune Media and Great Place To Work Name CTG to 2023 Fortune Best Workplaces in New York BUFFALO, N.Y., June 14, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in North America and Western Europe helping companies employ to drive their productivity and profitability, announced today that the Company has been honored as one of this year’s Best Workplaces in New York by Great Place To Work® and Fortune magazine. CTG earned the No. 27 spot on this prestigious list. Achieving this recognition demonstrates that CTG has surpassed rigorous benchmarks, establishing itself as one...
CTG IT Solutions and Services Segments Gross Margin Improved to 28.9% ...
CTG IT Solutions and Services Segments Gross Margin Improved to 28.9% in First Quarter 2023 Software Engineering revenue in the first quarter of more than $30 million with gross margin of 31.8%Revenue of $78.2 million reflected intentional disengagement of $11.6 million from non-strategic technology services businessSigned one of the largest IT Solutions engagements in North America with expected revenue of $20 million over next two yearsIT Solutions and Services segments represent 81% of total revenue in the first quarter IT Solutions and Services segments gross margin improved 130 basis p...
CTG Announces First Quarter 2023 Financial Results Conference Call and...
CTG Announces First Quarter 2023 Financial Results Conference Call and Webcast BUFFALO, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in helping companies employ to drive productivity and profitability in North America and Western Europe, announced that it will release its first quarter 2023 results before the opening of financial markets on Tuesday, May 9, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. First Quarter 20...
CTG to Webcast Presentation at the Sidoti Spring 2023 Virtual Investo...
CTG to Webcast Presentation at the Sidoti Spring 2023 Virtual Investor Conference BUFFALO, N.Y., March 14, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in North America and Western Europe helping companies employ to drive their productivity and profitability, today announced that Filip Gydé, President and Chief Executive Officer, and John Laubacker, Chief Financial Officer, will present at the Sidoti Spring 2023 Virtual Investor Conference on Thursday, March 23, 2023 at 9:15 a.m. Eastern Time. A live webcast of the event with accompanying slides will be available on th...
CTG IT Solutions and Services Segments Deliver Gross Margin of 31.8% f...
CTG IT Solutions and Services Segments Deliver Gross Margin of 31.8% for Fourth Quarter 2022 Within IT Solutions and Services segments, an area of focus is Software Engineering, where revenue totaled more than $100 million for 2022, and fourth quarter gross margins exceeded 34%Consolidated operating margin was 3.1% in the fourth quarter; non-GAAP operating margin expanded 30 basis points to 5.1%Achieved fourth quarter net income of $1.2 million with a net margin of 1.6%; Adjusted EBITDA was $4.8 million with a margin of 6.2%, up 40 basis pointsRemain on track to achieve goal of approximatel...
CTG Announces Fourth Quarter and Full Year 2022 Financial Results Conf...
CTG Announces Fourth Quarter and Full Year 2022 Financial Results Conference Call and Webcast BUFFALO, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in helping companies employ to drive productivity and profitability in North America and Western Europe, announced that it will release its fourth quarter and full year 2022 results before the opening of financial markets on Thursday, February 23, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer...
CTG Achieves AWS Service Delivery Designation for Amazon Connect
CTG Achieves AWS Service Delivery Designation for Amazon Connect BUFFALO, N.Y., Feb. 01, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) ("Company"), a leading provider of that drive clients' productivity and profitability in North America and Western Europe, announced today it has achieved the Amazon Web Services (AWS) Service Delivery designation for . Achieving the AWS Service Delivery designation for Amazon Connect, a cloud-based contact center service, differentiates CTG as an AWS Partner Network (APN) member that provides specialized technical proficiency, proven customer experienc...
CTG Announces Addition of Herman Kalra as Chief People Officer; Focus ...
CTG Announces Addition of Herman Kalra as Chief People Officer; Focus on Driving High-Performance Culture Experienced people leader to drive future strategy for an increasingly global and distributed workforce BUFFALO, N.Y., Dec. 05, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) ("Company"), a leading provider of that drive clients' productivity and profitability in North America and Western Europe, today announced the addition of Herman Kalra as the Company’s new Chief People Officer (CPO). He joins the Executive Leadership team as a Vice President and will report to Filip Gydé, CTG Preside...
CTG Announces Changes in European Executive Leadership
CTG Announces Changes in European Executive Leadership Rénald Wauthier, Senior Vice President, Leaves Organization;Bob Daelman Appointed to Lead Business Operations in Europe BUFFALO, N.Y. and LUXEMBOURG CITY, Luxembourg, Nov. 21, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) ("Company"), a leading provider of that drive clients' productivity and profitability in North America and Western Europe, today announced Rénald Wauthier, Senior Vice President of Europe, is immediately stepping down from his position. The Company has appointed Bob Daelman, the current Vice President of Belgium and the ...
CTG Margins Expand in Third Quarter 2022 with Continued Transformation...
CTG Margins Expand in Third Quarter 2022 with Continued Transformation into Digital Solutions and Services Business Improved mix of business as a result of digital transformation strategy drove gross margin expansion of 190 basis points to 24.3% on revenue of $75.0 million. Revenue relatively unchanged year-over-year on a constant currency basis and excluding intentional disengagement of lower margin Non-Strategic Technology Services business.North America and Europe IT Solutions and Services segments revenue increased on a constant currency basis and considering the impact in the prior ye...
CTG Announces Third Quarter 2022 Financial Results Conference Call and...
CTG Announces Third Quarter 2022 Financial Results Conference Call and Webcast BUFFALO, N.Y., Oct. 25, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: CTG) (“Company”), a leader in helping companies employ to drive productivity and profitability in North America and Western Europe, announced that it will release its third quarter 2022 results before the opening of financial markets on Tuesday, November 8, 2022. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Third ...
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