PR Newswire·Nov 10, 2026, 6:43 AM ET

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

Enghouse Systems Limited has executed a merger agreement to acquire MIND C.T.I. Ltd. 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 42% premium over MIND CTI's 30-day volume-weighted average closing price.
A newly formed Enghouse subsidiary will merge with MIND CTI, making MIND CTI a wholly owned subsidiary.
The merger is subject to MIND CTI shareholder approval & other customary closing conditions but has no financing condition.
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.
The transaction is expected to close in the first quarter of 2027.
MIND CTI's board unanimously approved the deal, & CEO Monica Iancu has committed to voting her shares in favor of the merger.
Enghouse stated the acquisition complements its portfolio by adding billing, customer care, UC analytics, & messaging solutions.
MIND CTI cited limited benefits to remaining public due to size & associated costs as a reason for the transaction.
The merger will be voted on at an extraordinary general meeting following the filing of a proxy statement with the SEC.