{"id":834993,"date":"2025-04-08T08:33:44","date_gmt":"2025-04-08T12:33:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cass-information-systems-sells-telecom-expense-management-business-to-asignet\/"},"modified":"2025-04-08T08:33:44","modified_gmt":"2025-04-08T12:33:44","slug":"cass-information-systems-sells-telecom-expense-management-business-to-asignet","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cass-information-systems-sells-telecom-expense-management-business-to-asignet\/","title":{"rendered":"Cass Information Systems Sells Telecom Expense Management Business to Asignet"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Cass Information Systems Sells Telecom Expense Management Business to Asignet<\/b><\/p>\n<p>ST. LOUIS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b><span class=\"bwuline\">Cass Information Systems, Inc. (Nasdaq: CASS<\/span>), <\/b>(the Company or Cass)<b \/>has entered into an Asset Purchase Agreement to sell its Telecom Expense Management &amp; Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider.\n<\/p>\n<p>\nMartin Resch, the Company\u2019s President and Chief Executive Officer, said, \u201cThe sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing. We believe this transaction will create a great deal of value for our customers given Asignet\u2019s significant investment in products and services in this space. Asignet is also a great fit for our valued employees.\u201d\n<\/p>\n<p>\nClaudio Lopez Silva, Asignet\u2019s Chief Executive Officer, said, &#8220;We are beyond excited to welcome the Cass TEM team to the Asignet family. In addition, Cass TEM clients will enjoy best in class managed service, experience, and state of the art solution.&#8221;\n<\/p>\n<p>\nThe transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.\n<\/p>\n<p>\nCass was advised in this transaction by BellMark Partners LLC.\n<\/p>\n<p><b>About Cass Information Systems<\/b><\/p>\n<p>\nCass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations. Disbursing over $90 billion annually on behalf of clients, and with total assets of $2.4 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly owned subsidiary, Cass Commercial Bank provides sophisticated financial exchange services to the parent organization and its clients. More information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cassinfo.com&amp;esheet=54235089&amp;newsitemid=20250408901521&amp;lan=en-US&amp;anchor=www.cassinfo.com&amp;index=1&amp;md5=b754f2a0f99cb6a6f2b255a8c93adfd7\">www.cassinfo.com<\/a>.\n<\/p>\n<p><b>About Asignet<\/b><\/p>\n<p>\nAsignet\u2019s IT Expense Management platform and managed services are at the forefront of innovation, leveraging RPA + Low-Code AI as the core technology. This ensures that every service paid for is operational, accurately billed, and correctly configured, delivering unmatched visibility and control at a global scale.\n<\/p>\n<p>\nWith over 150 enterprise clients, Asignet manages over $8 billion in IT spending worldwide. This acquisition solidifies Asignet\u2019s position among the top three TEM providers, further enhancing Asignet\u2019s ability to serve the most prominent corporations globally.\n<\/p>\n<p>\nAsignet\u2019s proprietary automation is powered by 3,800+ invoice parsers operating across 90+ countries in multiple languages, backed by 11 global patents. This relentless focus on technology and Cass\u2019s deep industry expertise creates a powerful synergy, driving greater efficiency, cost savings, and intelligence for Asignet\u2019s clients.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250408901521r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250408901521\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250408901521\/en\/<\/a><\/span><\/p>\n<p>\nCass Information Systems, Inc.<br \/>\n<br \/>Cass Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@cassinfo.com\">ir@cassinfo.com<\/a><\/p>\n<p>\nAsignet USA Inc.<br \/>\n<br \/>Jason Koenigsberg, Chief Revenue Officer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jkoenigsberg@asignet.com\">jkoenigsberg@asignet.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Missouri<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Banking Supply Chain Management Networks Accounting Professional Services Payments Technology Retail Transport Finance Logistics\/Supply Chain Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Cass Information Systems Sells Telecom Expense Management Business to Asignet ST. LOUIS&#8211;(BUSINESS WIRE)&#8211;Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass)has entered into an Asset Purchase Agreement to sell its Telecom Expense Management &amp; Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider. Martin Resch, the Company\u2019s President and Chief Executive Officer, said, \u201cThe sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing. We believe this transaction will create a great deal of value for our customers given Asignet\u2019s significant investment in products and services in this space. Asignet is also a great fit for our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cass-information-systems-sells-telecom-expense-management-business-to-asignet\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cass Information Systems Sells Telecom Expense Management Business to Asignet&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-834993","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cass Information Systems Sells Telecom Expense Management Business to Asignet - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cass-information-systems-sells-telecom-expense-management-business-to-asignet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cass Information Systems Sells Telecom Expense Management Business to Asignet - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cass Information Systems Sells Telecom Expense Management Business to Asignet ST. LOUIS&#8211;(BUSINESS WIRE)&#8211;Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass)has entered into an Asset Purchase Agreement to sell its Telecom Expense Management &amp; Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider. Martin Resch, the Company\u2019s President and Chief Executive Officer, said, \u201cThe sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing. We believe this transaction will create a great deal of value for our customers given Asignet\u2019s significant investment in products and services in this space. 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LOUIS&#8211;(BUSINESS WIRE)&#8211;Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass)has entered into an Asset Purchase Agreement to sell its Telecom Expense Management &amp; Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider. Martin Resch, the Company\u2019s President and Chief Executive Officer, said, \u201cThe sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing. We believe this transaction will create a great deal of value for our customers given Asignet\u2019s significant investment in products and services in this space. 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