eServGlobal Limited Receives $11.4 Million Escrow Payment From Oracle
10 Agosto 2012 - 2:15AM
Noticias Dow Jones
LONDON--eServGlobal Limited (ESG.LN), a telecommunications
software solutions company, said Friday that it has received the
final escrow amount of $11.4 million relating to the sale of its
USP business to Oracle (ORCL) in 2010.
MAIN FACTS:
-The Company received an initial payment of $79.4 million with
the balance held in escrow and to be released in two installments,
both of which have been received by eServGlobal.
-Revenue is anticipated to grow in the second half of the
financial year.
-Write to Mark Shapland at mark.shapland@dowjones.com
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