Enghouse Systems Acquires Vidyo, Inc.

Acquisition expands Enghouse Interactive product portfolio

Markham, Ontario and Hackensack, New Jersey (ots/PRNewswire) -
Enghouse Systems Limited (TSX: ENGH) (https://c212.net/c/link/?t=0&l=
en&o=2467436-1&h=2440729376&u=http%3A%2F%2Ftmx.quotemedia.com%2Fquote
.php%3Fqm_symbol%3Desl%26locale%3DEN&a=(TSX%3AENGH)) announced today
it has acquired Vidyo, Inc. for a purchase price of approximately $40
million. Vidyo's annual revenue is approximately $60 million.

Headquartered in Hackensack, New Jersey, Vidyo is a provider of
enterprise-class video software solutions that support visual
communications across diverse end-points, networks of varying
bandwidth and geographically dispersed locations. The company's
infrastructure software platform leverages patented video routing,
management and interoperability technologies to deliver best-in-class
video quality, reliability, scalability and security. Delivered in
the cloud, on-premise or as a hybrid solution, Vidyo enables
customers to more efficiently collaborate, interact and engage.

Vidyo also offers a broad API framework that allows enterprise
developers to rapidly embed video communications into third-party
applications, workflows and a broad range of devices. The company
focuses on select vertical markets, particularly healthcare and
financial institutions, where video quality, reliability and
end-market specialization are essential requirements. Vidyo is
deployed in approximately 400 hospital networks and in approximately
120 financial institutions. Vidyo also provides visual communications
within the broader enterprise collaboration market and in emerging
public safety, field services and IoT use cases. The company's
platform and applications are used by over 1,700 customers, including
some of the world's leading brands within Vidyo's focus markets.

"Vidyo's suite of real-time video collaboration solutions extends
our enterprise product offering into media and content and is
complementary with Enghouse's portfolio across all our business
sectors," said Steve Sadler, Chairman & CEO of Enghouse. "We are very
pleased to welcome Vidyo's customers, employees and partners to the
Enghouse organization."

"We're excited to join Enghouse because of the great product fit
and our shared vision," said Michael Patsalos-Fox, Chairman and CEO
of Vidyo. "Enghouse gives us the opportunity to amplify our product
innovation, service, and support making this a great transaction for
Vidyo's customers and partners."

About Enghouse

Enghouse Systems Limited is a leading global provider of
enterprise software solutions serving a variety of vertical markets.
Its strategy is to build a more diverse enterprise software company
through strategic acquisitions and managed growth within its business
sectors: Contact Center, Networks (OSS/BSS) and Transportation/Public
Safety. Enghouse shares are listed on the Toronto Stock Exchange
(TSX: ENGH). Further information about Enghouse is available at
www.enghouse.com.

About Vidyo

Vidyo enriches people's lives by embedding real-time video into
digital communications in the moments that matter most. Millions of
people around the world connect visually every day through Vidyo's
secure, scalable technology and cloud-based services. Its patented
platform integrates with virtually any application environment,
network, and device to deliver the highest quality experiences that
strengthen teams, build trust, solidify relationships, and improve
quality of life for everyone.

Learn more at www.vidyo.com

Contact:
Sam Anidjar
Vice President, Corporate Development
Enghouse Systems Limited
+1-905-946-3300
investor@enghouse.com

ots Originaltext: Enghouse Systems Limited
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Original-Content von: Enghouse Systems Limited, übermittelt durch news aktuell