Enghouse Systems Acquires Vidyo, for Approx. $40M

digital advertisingMarkham, Ontario, Canada-based Enghouse Systems Limited (TSX:ENGH) acquired Vidyo, Inc., a Hackensack, New Jersey-based provider of enterprise-class video software solutions. for approximately $40m.

The deal enables Enghouse to amplify its product innovation, service, and support.

Led by Michael Patsalos-Fox, Chairman and CEO, 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 high video quality, reliability and security. Delivered in the cloud, on-premise or as a hybrid solution, Vidyo enables customers to more efficiently collaborate, interact and engage.
The company, which also offers a broad API framework that allows enterprise developers to embed video communications into third-party applications, workflows and a broad range of devices, focuses on select vertical markets, particularly healthcare and financial institutions and on emerging public safety, field services and IoT use cases.
Vidyo is deployed in approximately 400 hospital networks and in approximately 120 financial institutions.

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.
Its annual revenue is approximately $60 million.

Led by Steve Sadler, Chairman & CEO, Enghouse is a 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.




Join the discussion