Ann: Close the Loop to acquire ISP Tek Services, page-8

I listened in also.
The US$5 mil is another incentive for the 2 vendors to stay on. Obviously a hurdle that was easily met.

The expansion into Europe with the same ISP Tek services business model through the already existing Belgium facilities owned by CLG is a huge plus given that it is a simiar size market as the USA. HP obviously want to see that expansion happen as it works so well in the USA market. ISP Tek Services is growing significantly with no major capex required (already been spent) to maintain its growth in the USA and for its expansion into Europe. The ISP Tek services AI is obviously a huge asset to CLG.

ISP tek Services is refurbishing 1500 laptops a day and has capacity to go to 3000 a day with only 40 staff. Huge profit margins that are locked in with HP. Previously these laptops were going back to China for refurbishment and obviously there were data concerns with that.

Over US$3 million in synergies also.

Its a huge deal.