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Billing Concepts Corp. (Nasdaq: BILL), a Texas company that handles billing for telecommunications companies, has agreed to sell three of its divisions to a California-based high-tech acquisition and management company.
The deal includes Aptis Inc., the software subsidiary that includes what once was Communications Software Consultants Inc., a Colonie company better known as CommSoft.
Larry Davis, founder of CommSoft, received 2.5 million shares of Billing Concepts and a seat on its board when he sold his company late in 1998.
According to documents filed...