Computer Task Group Inc, Buffalo, New York-based is selling its Profimatics Inc engineering services and software subsidiary for $17m to Honeywell Inc to concentrate on its professional software services and information technology consulting businesses. Proceeds will be used to reduce debt the company taken when it bought back 1.5m of its own shares from IBM […]
Computer Task Group Inc, Buffalo, New York-based is selling its Profimatics Inc engineering services and software subsidiary for $17m to Honeywell Inc to concentrate on its professional software services and information technology consulting businesses. Proceeds will be used to reduce debt the company taken when it bought back 1.5m of its own shares from IBM Corp in early May.
