11:16 AM EDT, 07/15/2024 (MT Newswires) -- Conduent ( CNDT ) said Monday it has won a new contract from the Wisconsin Department of Children and Families to create, build and launch an updated child support system.

Financial details of the contract weren't provided.

The new system, dubbed THRIVE, aims to improve the delivery of child support services statewide and better support parents and families, the company said.

Conduent ( CNDT ) added that it will replace Wisconsin's legacy system with a modernized solution that will have new self-service options for parents, including an online customer portal and a mobile app.

Shares of Conduent ( CNDT ) rose 4.8% in recent trading.

Price: 3.72, Change: +0.17, Percent Change: +4.79