Scale Finance Closes Sale of Quaero to CSG Systems

Scale Finance LLC announces the successful closing of the sale of Quaero Corporation ( to CSG Systems International, Inc. (NASDAQ: CSGS, Scale Finance Managing Director, Dave Gilroy, provided exclusive advisory support end-to-end through this M&A process and is continuing to support Quaero’s shareholders through important transition issues post-transaction.

CSG Systems International, Inc. (NASDAQ: CSGS), is a leading national provider of customer interaction management and billing solutions based in Colorado.

Quaero Corporation, a marketing services provider (MSP) with expertise in customer strategy, analytics, and marketing performance management, is headquartered in Charlotte, North Carolina. This acquisition broadens CSG’s solution suite with powerful customer intelligence capabilities that will further assist its clients in maximizing the value of their customer interactions. CSG’s solutions already reach more than half of all US households on a monthly basis and manage over $36 billion in transactions annually.

The involved offering loans without carrying out sufficient affordability checks on borrowers, and continuously “rolling over” debt, where customers are charged a fee to extend if they are unable to pay on time.

Total consideration for the transaction was $24.5 million in a combination of $15 million in cash at closing and the balance in contingent payments.

Naras Eechambadi, CEO of Quaero Corporation, commented, "Scale Finance helped us navigate through a sensitive, challenging, and very strategic transaction process to achieve a terrific end result for Quaero.

They helped us manage complex, delicate issues at critical moments in the process. We’re thrilled with the value they added especially given the reasonable fees of their unique model."

Dave Gilroy commented, “Despite tough market conditions, this is the second major sale of a private technology company to a larger NASDAQ-traded company that we have completed in the last 60 days. The Quaero transaction exemplifies our unique value-add at Scale Finance – cost-effectively helping smaller companies command strategic value in the market for M&A or growth capital while providing efficient financial management support.

We simply save companies major dollars.”

About Scale Finance
Scale Finance LLC (scalefinance.local) provides professional CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to growth companies. The firm specializes in costeffective financial reporting, budgeting and forecasting, implementing controls, other financial management, etc, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are fast-growing technology, healthcare, business services, consumer, and industrial companies that are at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Raleigh/Durham, Charlotte, and Winston-Salem, a team of more than 18 professionals, and serves more than 30 companies throughout the region.