newsfilter
← Latest News
PR Newswire·

Enghouse Systems to Acquire MIND C.T.I. in All-Cash Transaction Expanding its Telecom and Enterprise UC Offerings

  • Enghouse Systems Limited announced a merger agreement to acquire MIND C.T.I. Ltd.
  • The acquisition involves Enghouse purchasing all outstanding MIND CTI shares for US$1.30 per share in cash.
  • The total equity value of the transaction is approximately US$25.4 million.
  • The offer price represents a premium of approximately 42% over MIND CTI's 30-day volume-weighted average closing price.
  • MIND CTI will become a wholly owned subsidiary of Enghouse following the merger, which is expected to close in the first quarter of 2027.
  • The deal is subject to approval by MIND CTI shareholders but has no financing conditions for Enghouse.
  • MIND CTI may solicit alternative proposals from third parties until December 10, 2026.
  • A break fee of US$1.0 million would be payable by MIND CTI to Enghouse if a superior proposal is accepted.
  • MIND CTI's board unanimously approved the deal, with CEO Monica Iancu committing to vote all her shares in favor.
  • Enghouse views MIND CTI's billing, customer care, UC analytics, and messaging solutions as complementary to its existing portfolio.
Company
Enghouse Systems Limited
Keywords
Enghouse Systems Limited