CNDT News & Events

Conduent has entered into a definitive agreement to sell its Public Transit business, an operating unit of Conduent Transportation, to Modaxo, a global technology organization. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses. The sale has a purchase price of $164M. The companies expect the transaction to close before the end of 2026. With global operations, the Public Transit business offers fare collection systems, fleet management systems, payment and revenue management platforms, and other hardware-enabled mobility systems. Conduent Transportation's remaining Tolling business provides mission-critical technology that enables all-electronic tolling, roadside, and back-office processing, image review, violation enforcement and analytics.

The impact of the recent ransomware attack on Conduent keeps growing, as over 25M people have now had personal information stolen in the attack, TechCrunch's Zack Whittaker reports. According to an update to the state of Wisconsin's data breach notification, the breach affects at least 25M people in the U.S., with TechCrunch's ongoing tally consistent with that number.

Reports Q4 revenue $770M vs. $800M last year. Harsha Agadi, CEO, stated. "Q4 and full-year 2025 reflected mixed execution for Conduent. In our Government and Transportation segments, we saw improving revenue trends, continued growth in the sales pipeline, and further gains in cost efficiency. In Commercial, we are focused on strengthening our go-to-market strategy by enhancing our sales organization and expanding penetration of our solutions within our existing client base. While we recognize there is more work ahead, the results in Government and Transportation demonstrate the early impact of the disciplined actions the team has taken over the past several months. Having led several successful transformations, I know sustainable turnarounds are built on focus, consistency, and a commitment to serving clients exceptionally well. I've been impressed by the strength of our people, our capabilities, and the opportunities to deepen adoption of our AI- and GenAI-enabled solutions. Our priorities are clear: accelerating execution, enforcing financial discipline, reducing our cost structure, optimizing the portfolio, converting pipeline into growth, and simplifying our organizational structure to position us to capitalize on the opportunities ahead."

Conduent announced that the Board of Directors has appointed Harsha V. Agadi, Chairman of Conduent's Board of Directors, as Chief Executive Officer, effective immediately. As part of this transition, Agadi will step down as Chairman of the Board, and Margarita Palau-Hernandez has been appointed independent Chair of the Board. Agadi succeeds Cliff Skelton, who will step down as President, Chief Executive Officer, and a member of the Board of Directors. All leadership changes are effective immediately. Agadi said, "Since joining the Conduent Board last year, I have been impressed by the Company's long-term client relationships, its cutting-edge technologies that propel digital interactions, and the management team's dedication to innovation and excellence. I am honored to take on this role and grateful for the trust of my fellow Board members. I also want to thank Cliff for his leadership and contributions over the past six years. I look forward to working closely with the Conduent team to leverage the company's unique strengths, accelerate the pace of our growth, and deliver long-term value for our clients, shareholders, and employees."