Asignet to acquire Telecom Expense Management business of Cass Information Systems.

Asignet, an IT expense management platform provider, agreed to acquire Telecom Expense Management business of Cass Information Systems, an integrated information and payment management solutions provider. Financial terms were not disclosed. "The sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing," Martin Resch, Cass Information Systems President and CEO.