The announcement of the takeover offer follows the company's August announcement of for the year to 30 June 2011.

CSG recorded revenue growth of 39.9 per cent year-on-year to $388.6 million, and net profit after tax growth of 26.2 per cent to $40.4 million. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 18.5 per cent to $70.3 million.

In July, CSG picked up an IT services deal with West Australian manufacturing and construction firm, AGC, for the to increase automation and efficiency.

In April, CSG planned to through a rights issue and an entitlement offer. The company said it had intended to place $10 million worth of shares to institutional investors and conduct a one-for-nine rights issue to raise the remainder.