Harte Hanks To Sell Its B2B Research Businesses To Halyard Capital - Quick Facts

(RTTNews) - Harte Hanks (HHS) announced that it agreed to sell its B2B research businesses, Aberdeen Group and Harte Hanks Market Intelligence, to subsidiaries of private-equity firm Halyard Capital as part of a re-focusing of its core activities. The company expects to take a pretax charge of about $10 million in the second quarter for the sale.

The company intends to use the proceeds from the transaction to support its strategic development. Aberdeen Group and Harte Hanks Market Intelligence represented less than 5 percent of Harte Hanks' total 2014 revenues.