Press release from Marketwire
Enghouse Completes the Acquisition of the Mettoni Group
Thursday, April 01, 2010
MARKHAM, ONTARIO and READING, UNITED KINGDOM--(Marketwire - April 1, 2010) - Enghouse Systems Limited (TSX:ESL), today announced its agreement to acquire the Mettoni Group for a purchase price of approximately $23 million effective today. The Mettoni Group, which includes its subsidiary companies, Arc Solutions, Datapulse and Exxcom, had 2009 annual revenues of approximately $27 million.
Mettoni is a leading provider of unified communication software solutions with operations in North America, Europe, Middle East and Africa, and Asia Pacific.
Through Arc Solutions, Datapulse and Exxcom, the group has over 4,000 customers in the public and private sector, with solutions provided through a network of business partners around the world. Its attendant operator center software is highly regarded for its quality and performance, as well as its advanced integration to presence, contact directory and industry specific applications.
"We are delighted with the acquisition of Mettoni," stated Stephen Sadler, Chairman and CEO of Enghouse. "This acquisition provides the Company with an excellent opportunity to grow both operationally and geographically, with a powerful combined product and services offering that is unrivalled in our market."
"This transaction provides huge opportunities for Arc Solutions, Datapulse and Exxcom," added Iain McKenzie, Chairman of Mettoni. "We look forward to continuing to provide the best solutions and support to our customers and channels across the world, while accelerating our planned growth and gaining access to an extended portfolio and further resources."
About Enghouse Systems Limited
Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of vertical markets. Its strategy is to build a large and more diverse enterprise software company through strategic acquisitions and managed growth. Enghouse shares are listed on the Toronto Stock Exchange under the symbol ESL. For more information visit www.enghouse.com.
The Mettoni Group consists of vendor aligned technology companies that develop software and provide advanced services, designed to improve communications and collaboration. By combining a long history of communications technology expertise with high quality services, Mettoni companies continue to deliver total solutions that help clients across the world increase business efficiency, improve customer service and reduce costs. For more information visit www.mettoni.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Enghouse Systems Limited Stephen Sadler Chairman and CEO +1 (905) 946-3200