CSG SYSTEMS INTERNATIONAL INC

NEC Corporation, through its subsidiary Netcracker Technology, announced the completion of its acquisition of CSG Systems International, Inc. on May 14, 2026. This transaction aims to create a stronger global software business with expanded capabilities in customer engagement, monetization, and AI-driven automation. Following the merger, Netcracker will lead the combined business, with Andrew Feinberg appointed as Chairman and CEO. In connection with the merger, CSG's outstanding Convertible Senior Notes due 2028 will be convertible into $80.70 in cash per share, and the existing $125 million credit agreement was repaid and terminated.

CSG Systems International, Inc. announced that it has received CFIUS Clearance for its previously disclosed merger with NEC Corporation. This clearance, received on May 7, 2026, signifies that all required regulatory approvals to complete the merger have now been obtained. The merger agreement was originally entered into on October 29, 2025, with NEC Corporation and its subsidiary, Canvas Transaction Company, Inc.

CSG Systems International Inc. stockholders approved the merger agreement with NEC Corporation on January 30, 2026, where each share will be converted into $80.70 in cash. The merger is expected to close by the end of 2026. For the first quarter of 2026, the company reported a significant increase in net income by 48.1% to $23.9 million and diluted EPS of $0.83, up from $0.57 in the prior year. Revenue also grew by 4.8% to $313.7 million.

CSG Systems International reported its first-quarter 2026 financial results, with total revenue increasing to $313.7 million and GAAP diluted EPS rising to $0.83. Non-GAAP EPS also saw a significant increase to $1.37. The company also reiterated that its previously announced merger with NEC Corporation is expected to close by the end of 2026, pending regulatory approvals.

CSG Systems International Inc. stockholders approved the merger with NEC Corporation, under which CSGS will become a wholly-owned subsidiary of NEC, with shareholders receiving $80.70 per share in cash. The company reported a record $1.223 billion in total revenue for 2025, increased profitability, and returned $120 million to shareholders. This amendment also provides details on executive compensation, corporate governance, and new certifications by the principal executive and financial officers.