DigitalThought

Convergys, an outsourced billing and customer service operation spun out of Cincinnati Bell, is buying custom content developer DigitalThink for $120 million, about 3x revenue. Think of it as buying staff at $320,000/head.

DigitalThink was riding high in mid-2000 when it announced a long-term $100 million deal with EDS. Yesterday DigitalThink said their arrangement with EDS was toast.