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TMCNet:  Enghouse Systems acquires Visionutveckling

[November 02, 2012]

Enghouse Systems acquires Visionutveckling

Nov 02, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Enghouse Systems Limited, a Canada-based provider of enterprise software solutions, has acquired Visionutveckling AB, a Sweden-based provider of Attendant and Contact Center software solutions, for a consideration of CAD10.9 million ($10.9 million).

Visionutveckling's annual revenues for fiscal 2012 were approximately CAD11.5 million ($11.51 million).

Deal Value (US$ Million) 10.9 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2012-11-01 Deal Participants Target (Company) Visionutveckling AB Acquirer (Company) Enghouse Systems Limited Deal Rationale The acquisition will strengthen Enghouse Systems' existing foot print in Scandinavia and also enhance its product offering to SME sector (with Visionutveckling's Vision 80/20 packaged solutions) and telecom network operators.

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