Enghouse Systems (TSX: ENGH), a Markham, Canada-based publicly traded company, acquired Navita, a Sao Paolo, Brazil-based provider of SaaS based Enterprise Mobility Management solutions.
The amount of the deal was not disclosed.
With the acquisition, Enghouse will expand its offerings.
Navita offers a comprehensive suite of products focused on managing and controlling critical mobile assets as well as telecom and IT expense management. The solutions include Telecom Expense Management (TEM) for controlling and optimizing telecom expenses, Enterprise Mobility Management (EMM) for connecting mobile devices to enterprise workflows/controls and IT Expense Management (ITEM) for managing and optimizing IT corporate expenses. The solutions ensure the compliant use of mobile assets by its users according to the customers’ internal governance policies. Navita’s annual revenue is approximately $7.5 million.
Led by CEO Steve Sadler, Enghouse Systems provides vertically focused enterprise software solutions focusing on contact centers, video communications, healthcare, telecommunications, public safety and the transit market. The company 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.
FinSMEs
10/02/2023