Divestiture • Business Services

Asignet Acquires Cass Information Systems - Telecom Expense Management Business

On April 8, 2025, Asignet acquired business services company Cass Information Systems - Telecom Expense Management Business from Cass Information Systems

Acquisition Context
  • This is Asignet’s 1st transaction in the Business Services sector.
  • This is Asignet’s 1st transaction in the United States.
  • This is Asignet’s 1st transaction in Missouri.

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M&A Deal Summary

Date April 8, 2025
Target Cass Information Systems - Telecom Expense Management Business
Sector Business Services
Buyer(s) Asignet
Sellers(s) Cass Information Systems
Deal Type Divestiture

Target Company

Cass Information Systems - Telecom Expense Management Business

St. Louis, Missouri, United States
Cass Information Systems's Telecom Expense Management Business based in St. Louis, Missouri.
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Buyer Overview 1

Buyer

Asignet

Parsippany, New Jersey, United States

Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Asignet is the technology and automation leader of Telcom & IT Lifecycle Expenses Management utilizing its patented RPA Robot process automation platform. The Asignet platform builds and monitors telecom, SaaS, Cloud, IT billing, inventory, and usage, helping global enterprises to optimize, secure and manage all IT assets and its expenses. Asignet was founded in 2006 and is based in Parsippany, New Jersey.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Missouri 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

Cass Information Systems

St. Louis, Missouri, United States

Category Company
Founded 1906
Sector Information Technology
Employees1,061
Revenue 190M USD (2024)
DESCRIPTION

Cass Information Systems is a provider of IT services to transportation, utility and telecom expense management and related business intelligence services. Cass Information Systems was incorporated in 1906 and is based in St. Louis, Missouri.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Missouri 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-02 AcuAudit

Charlotte, North Carolina, United States

AcuAudit is a freight audit platform for ocean and international air freight.

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