Altisource Announces the Completion of the Sale of Its Pointillist Subsidiary
Altisource Portfolio Solutions S.A. (ASPS)
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am
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US:NASDAQ Investor Relations:
ir.altisource.com/investor-relations
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Source: GlobeNewswire
LUXEMBOURG, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS) today announced that the shareholders of Pointillist, Inc. (“Pointillist”), a majority owned subsidiary of Altisource, closed on the previously announced transaction to sell all of the equity interests in Pointillist to Genesys Cloud Services, Inc. (“Genesys”). The Company received $102.2 million in cash at closing, and anticipates receiving an additional $3.5 million in cash from an indemnification escrow account following the one-year anniversary of closing, assuming no indemnification claims, and $0.3 million in cash from a working capital escrow account, assuming no working capital adjustments in excess of established thresholds. Altisource estimates it will recognize a pre-tax and after-tax gain of approximately $107 million from the sale before any potential reduction of goodwill. “We are pleased to complete the sale of Pointillist to Genes
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ASPS
Earnings
- 3/7/24 - Beat
ASPS
Sec Filings
- 4/17/24 - Form DEF
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- ASPS's page on the SEC website