Conduent - M&A Summary and Business Overview

Business ServicesCompany

Conduent M&A Summary

Conduent has acquired 1 company. It has also divested 10 assets.

It’s largest disclosed sale occurred in 2024, when it sold Conduent - Casualty Claims Solutions to MedRisk for $240M. Conduent has acquired in 1 US state. The Company’s most targeted sectors include software (100%).

Conduent Business Overview

Where is Conduent headquartered?

Conduent is headquartered in Florham Park, New Jersey.

What is Conduent’s revenue?

Conduent disclosed revenue of 3,722M USD for 2023 and 3,858M USD for 2022.

How many employees does Conduent have?

Conduent has 55,000 employees.

What sector is Conduent in?

Conduent is a business services company.

When was Conduent founded?

Conduent was founded in 2016.

M&A Summary

M&A Total Activity11
- M&A Buy Activity1
- M&A Sell Activity10
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 9
M&A Advisors 5

Conduent

Conduent, Inc.

100 Campus Drive, Suite 200,
Florham Park, New Jersey 07932
United States,
(844) 663-2638
www.conduent.com

Conduent is a provider of diversified business process services. Conduent offers capabilities in transaction processing, automation, analytics and constituent experience. The Company was spun-off from Xerox in 2017. Conduent was incorporated in 2016 and is based in Florham Park, New Jersey.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	1	-	-	-	-	-	1
Sell (0.6/yr)	#	7	-	-	1	1	1	10
Sell (0.6/yr)	vol	$25M					$240M	$265M
								11

Most Recent M&A

Company	Date	Value	Type
Conduent - Casualty Claims Solutions	2024-05-03	240M USD	Divestiture
Florham Park, New Jersey
Conduent - Curbside Management and Public Safety Businesses	2023-12-28	-	Divestiture
Florham Park, New Jersey
Midas Health Analytics Solutions	2022-01-04	-	Divestiture
Florham Park, New Jersey
Health Solutions Plus	2018-10-31	-	Add-on Acquisition
Melville, New York · www.hspweb.com
Continuum Global Solutions	2018-10-01	25M USD	Divestiture
Dallas, Texas · www.continuumgbl.com
Conduent, Inc. - Government Software Business	2018-08-06	-	Divestiture
Florham Park, New Jersey
CVO Holding Company LLC	2018-05-18	-	Divestiture
Phoenix, Arizona · www.cvo.com
Buck Global LLC	2018-04-30	-	Divestiture
New York, New York · www.buck.com
Conduent, Inc. - Healthcare Provider Consulting	2017-10-04	-	Divestiture
Florham Park, New Jersey
Conduent, Inc. - Breakaway Group business	2017-10-04	-	Divestiture
Florham Park, New Jersey
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Business Services	-	-	5 (50%)	265M (100%)
Software	1 (100%)	-	3 (30%)	-
Information Technology	-	-	1 (10%)	-
Safety/Security	-	-	1 (10%)	-
Total	1	-	10	$265M

By Geo

State/Country		Buy	Value	Sell	Value
United States		1	-	10	265M
	New Jersey	-	-	6	240M
	New York	1	-	1	-
	Texas	-	-	1	25M
	Iowa	-	-	1	-
	Arizona	-	-	1	-
Total		1	-	10	$265M

Top M&A Advisors

Financial	Deals
Citigroup Investment Banking	2
UBS Investment Bank	1

Legal	Deals
Cravath, Swaine & Moore	2
Holland & Knight	1
Sheppard Mullin	1

Deal Values

sell	#	Total
$100M to $1B	1	$240M
< $100M	1	$25M
TOTAL		$265M
Largest	Conduent - Casualty Claims Solutions $240M (2024-05-03)

M&A Connections

		Deals
Divested to
Investor(s)	30%	3 (30%)
Strategic(s)	70%	7 (70%)

Company Summary

SECTOR

Business Services

Revenue

3,722 4%	2023
3,858 7%	2022
4,140 1%	2021
4,163 7%	2020
4,467 18%	2019
5,393 11%	2018
6,022 7%	2017
6,408 4%	2016
6,662 4%	2015
6,938	2014
(millions of USD)	Show More Show Less

Employees

55,000

Established

2016

Public

NASDAQ: CNDT

Investor History
2017-01-03
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Conduent - M&A Summary and Business Overview

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