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Parsippany’s TSL Buys Communication Unit for $19M PRG-Schultz International Inc. of Atlanta, a provider of accounts payable and other audit services, announced last Tuesday the sale of its communications division to TSL (DE) Corp. of Parsippany for $19 million. TSL, a provider of IT financial management services, was recently acquired by One Equity Partners, the private equity division of Bank One Corp. of Chicago. Partner Stephen Fox, of Arnall Golden Gregory in Atlanta, represents PRG-Schultz. TSL is represented by partner Carmen Romano of Dechert in Philadelphia. Indus International to Pay $6.65M for Englewood Cliffs’ Wishbone Indus International Inc. of Atlanta, a provider of asset management software and services, announced last Wednesday it would pay $6.65 million for Wishbone Systems Inc. of Englewood Cliffs, a provider of workforce management and optimization software. Tel-Instrument Electronics to Buy Innerspace Technology for $547K Tel-Instrument Electronics Corp. of Carlstadt announced on Dec. 23 it would pay $547,000 for Innerspace Technology Inc. of Waldwick, a maker of hydrographic surveying instruments and systems. Tel-Instrument Electronics provides instruments to test, measure, calibrate and repair airborne navigation and communication equipment. Compiled by Amy E. Rice from Thomson Financial/Securities Data and other sources

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