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Technology

Convergys Thinking Digital

3/25/2004 2:15 AM Eastern

Convergys Corp. said Thursday that it has agreed to acquire DigitalThink Inc.

Convergys, a Cincinnati-based provider of integrated-billing, employee-care and customer-care services, will pay $2.40 per share in cash for the San Francisco-based electronic-learning company.

The total purchase price will be approximately $120 million.

"Convergys had been working closely with DigitalThink as an alliance partner over the past several months," Convergys executive vice president of global customer management and employee care Steve Rolls said in a prepared statement. "As a result of this strong relationship, DigitalThink became an attractive acquisition opportunity for us."

September