24/7 Market News- iCoreConnect to Sell MSP Division
DENVER, Colo., Oct 02, 2024 (247marketnews.com)- iCoreConnect (NASDAQ: ICCT) stated that it agreed to divest its Managed Service Provider (“MSP”) Division to The 20, LLC through an asset sale.
The strategic divestiture allows iCoreConnect to focus on core competencies and enhance overall efficiency, by allocating its resources more effectively to its primary business lines.
The asset divestiture will also generate capital that will reduce debt and reinvest in core areas of the business, while the streamlined operations allow iCoreConnect to focus on higher-margin business lines that strengthen its operational model.
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