MARKHAM, ON and AUSTIN, Texas, Aug. 1,
2023 /PRNewswire/ -- Enghouse Systems Limited (TSX:
ENGH) announced the successful completion of its acquisition
of substantially all the assets of Lifesize, a cloud communications
company. The previously announced transaction was approved
under a U.S. Bankruptcy Court process for a purchase price of
approximately US$ 20.7 million,
subject to adjustments.
Lifesize's technology offerings are designed to empower
enterprises in managing their hybrid workforces efficiently. Their
cloud contact center solution, which includes workforce management
capabilities, enables enterprises to elevate their customer
experience delivering unified interactions across all channels.
In the current era of remote work and hybrid work environments,
video collaboration has become critical to modern enterprises.
Lifesize's powerful video solution enables remote teams to connect
with in-person teams. This capability harnesses the potential of
video tools such as Teams, Zoom, WebX and Enghouse Vidyo, which are
fully integrated with proprietary Lifesize conference room systems.
These secure, high-quality communications experiences are delivered
on scalable cloud architecture.
With Enghouse and Lifesize joining forces, businesses utilizing
the combined technologies can provide seamless collaboration and
superior customer experiences. Lifesize will be integrated within
the Enghouse Interactive Management Group.
"Both Lifesize solutions are an excellent fit with our existing
businesses," said Steve Sadler,
Chairman and CEO of Enghouse. "The Lifesize omni-channel contact
center solutions expand our broad portfolio of omni-channel
solutions for different customer types. Lifesize's cloud-based
video collaboration solutions complement our existing Vidyo suite
of products in the healthcare, technology, banking and general
enterprise video market."
About Enghouse Systems
Limited
Enghouse Systems Limited is a Canadian publicly traded company
(TSX:ENGH) that provides vertically focused enterprise software
solutions focusing on contact centers, video communications,
healthcare, telecommunications, public safety and the transit
market. Enghouse has a two-pronged growth strategy that focuses on
internal growth and acquisitions, which are funded through
operating cash flows. The company has no external debt financing
and is organized around two business segments: the Interactive
Management Group and the Asset Management Group. For more
information, visit www.enghouse.com.
Sam Anidjar, Vice President,
Corporate Development, Enghouse Systems Limited,
investor@enghouse.com
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