Harte Hanks announced the Board of Directors has approved the exploration of strategic alternatives for its Trillium Software business. Karen Puckett Harte Hanks

“As we assess the prioritization of investments in support of optimizing our clients’ customer journey across an omni-channel delivery platform, we’ve made the determination that the Trillium Software business is likely to be a better strategic fit and more valuable asset to other parties,” said Karen Puckett, President and Chief Executive Officer. “A sale will allow us to focus on moving Harte Hanks towards growth and historically strong cash flows.”

The Board of Directors has engaged Foros to advise Harte Hanks during this process. There can be no assurance the Company’s review of strategic alternatives will result in any transaction. The Company does not intend to make further public comment regarding these matters during the strategic review and exploration process.

Source:  Harte Hanks Press Release