Enghouse Expands Footprint in
Japan and Penetration of
Education & Event Markets
MARKHAM, ON and MADISON, Wis., Feb. 12,
2024 /PRNewswire/ -- Enghouse Systems
Limited (TSX: ENGH) today announced it has successfully
completed its acquisition of the Mediasite SaaS video recording and
streaming business from Sonic Foundry, Inc. (OTC: SOFO).
The acquisition was completed under the terms of a previously
announced agreement dated January 4, 2024. The addition of
Mediasite expands Enghouse's footprint in the Japanese market and
suite of SaaS video software solutions. It will also increase
Enghouse's penetration of the education and event enterprise
sectors.
Mediasite will be integrated with Enghouse's Interactive
Management Group, which includes its video products. Mediasite's
comprehensive product suite includes video recording, streaming and
event enterprise solutions. These products have been deployed
internationally, with a strong focus on private corporations,
educational and health care organizations and government
entities.
"Mediasite's powerful event video recording solution complements
our enterprise video suite of products and allows us to increase
our presence in the Japanese market," said Steve Sadler, Chairman and CEO of Enghouse.
"This acquisition also strengthens our video product offering in
the education and event sectors. We are very pleased to welcome
Mediasite's customers, employees and partners to Enghouse."
"Enghouse's expertise in complementary video communication
solutions makes it ideal to acquire the Mediasite business," said
Sonic Foundry's Joe Mozden, Jr. "Enghouse is well positioned
to expand that business and serve the needs of our long-term
customer base."
About Enghouse Systems
Ltd.
Enghouse Systems Ltd. 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, please visit www.enghouse.com.
Media Contact: Sam Anidjar, Vice President, Corporate
Development, Enghouse Systems Limited, investor@enghouse.com
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