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
Target (Company) Visionutveckling AB
Acquirer (Company) Enghouse Systems Limited
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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