Halogen Software Forms Special Committee to Evaluate Strategic Alternatives
OTTAWA, Jan. 12, 2017 /CNW/ - Halogen Software Inc. ("Halogen" or the "Company") (TSX: HGN) today announced that in response to significant interest from third parties to acquire the Company, it has formed a special committee of independent directors to consider and evaluate various strategic alternatives to maximize shareholder value, including continuing to execute on its existing business plan. The special committee is chaired by Rob Ashe, and includes Deborah Besemer, Peter Hoult and Timothy Williams. The Company has engaged National Bank Financial as its financial advisor to assist with this process.
In connection with a potential strategic transaction involving the Company, Halogen has been involved in confidential discussions with third parties and a significant shareholder. While such discussions are ongoing, no assurance can be given that any transaction will be announced or completed.
Halogen does not intend to make further comment in regards to this process except as required by applicable securities laws or the policies of the Toronto Stock Exchange.
About Halogen Software
Halogen Software (TSX: HGN) offers a cloud-based talent management suite that puts ongoing, next-generation performance management principles at the center of all talent programs, including learning and development, succession planning, recruiting, and compensation. With over 2,100 customers worldwide, the company has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry. Halogen's powerful, yet simple-to-use solutions, which also include industry-vertical editions, help organizations win with talent, by aligning their talent and business strategies to deliver exceptional outcomes. For more information, visit: http://www.halogensoftware.com. Subscribe to Halogen Software's TalentSpace blog: http://www.halogensoftware.com/blog/ or follow Halogen Software on Twitter: http://twitter.com/HalogenSoftware.
SOURCE Halogen Software