BUFFALO, N.Y., Feb. 15, 2018 (GLOBE NEWSWIRE) -- Computer Task Group, Incorporated (NASDAQ:CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, announced that the Board has approved a cash “modified Dutch Auction” tender offer to commence in the near future to purchase up to 10% of its outstanding common stock. The offer price per share will be determined prior to commencement based upon market conditions and other factors.

Bud Crumlish, CTG’s President and Chief Executive Officer, commented, “Today’s announcement represents another important step in implementing our previously announced strategic plan, which contemplated reducing overall share count and using capital for the benefit of shareholders. CTG has had a robust share purchase program in place, returning $7.3 million to shareholders in the last fifteen months which represented approximately 9% of the Company’s outstanding common shares, and with this tender offer, we will take an even more significant step forward in accelerating share purchases to directly benefit our shareholders.”

About CTG 

CTG (NASDAQ:CTG) provides industry-specific IT services and solutions that address the business needs and challenges of clients in high-growth industries in North America and Western Europe. CTG also provides strategic staffing services for major technology companies and large corporations. Backed by more than 50 years of experience and proprietary methodologies, CTG has a proven track record of reliably delivering high-value, industry-specific staffing services and solutions to its clients. CTG has operations in North America, Western Europe, and India. The Company regularly posts news and other important information online at www.ctg.com.