Alysis Technologies Inc. (Nasdaq: ALYS) was up 3/8 at 2 11/16 early Friday after the company agreed to sell its CheckVision software and other assets to Computer Sciences Corp. (NYSE: CSC).
Terms of the definitive agreement were not disclosed. CSC said the acquisition of CheckVision will expand its capabilities “in several areas,” notably by giving clients the ability to access images of checks over the Internet. Alysis clients using the service include Citibank, Comerica and Union Planters.
For Alysis, the divestiture will complete the business plan the company started last fall, said president and chief executive officer Kevin Moran. “Our goal is to focus solely on our WorkOut product line and the e-billing marketplace,” he said. “The sale will give the company an infusion of cash and increase our efforts for gaining increased market share.”
Computer Sciences was down 1/4 at 76 3/8 early Friday.