Embattled Columbia, SC, technology company Collexis Holdings has sold Lawriter LLC, the subsidiary it acquired early last year.
Collexis sold Lawriter to SSN Holdings Inc. for a little more than $2.1 million in cash, with SSN assuming all Lawriter liabilities, according to information filed with the US Securities and Exchange Commission. The total value of the transaction is approximately $7.1 million.
Collexis acquired Lawriter, which provides online legal research to a consortium of bar associations, for $9 million, according to SEC documents.
National Bank of South Carolina parent Synovus Financial Corp. has canned plans for a call center that was to have employed 100 people in Sumter, S.C., according to The Columbus Ledger-Enquirer.
“Given the current economic climate, the project to centralize our bank call centers in two locations has been reconsidered,” Synovus spokesman Greg Hudgison told the paper through an e-mail statement.
Columbus, Ga.-based Synovus said in March that it was investing $1.7 million into an existing facility in Sumter. The move was to have special significance for the Sumter area because National Bank of South Carolina was started in Sumter in 1905 and called the community home for most of its history before it was acquired by Synovus in 1995.