2024-02-12 12:31:44
MARKHAM, Ontario and MADISON, WI, March 20, 2020 /PRNewswire/ — Enghouse is expanding its presence in Japan and penetrating the education and events markets
Enghouse Systems Limited (TSX: ENGH) today announced the successful completion of the acquisition of Mediasite, the SaaS video recording and streaming business of Sonic Foundry, Inc. (OTC: SOFO).
The acquisition was completed under a previously announced agreement dated January 4, 2024. With the acquisition of Mediasite, Enghouse expands its presence in the Japanese market and its offering of SaaS video software solutions. This will also allow Enghouse to expand more into the areas of education and events for companies.
Mediasite will be integrated into Enghouse’s Interactive Management Group, which also includes video products. Mediasite’s comprehensive product offering includes video recording, streaming and event solutions for businesses. These products are used internationally, with a focus on private companies, educational and healthcare institutions, and government agencies.
“Mediasite’s powerful event video capture solution complements our enterprise video suite and allows us to increase our presence in the Japanese market,” said Steve Sadler, Chairman and CEO of Enghouse. “This acquisition also strengthens our offering of video products for the education and events sectors. We are excited to welcome Mediasite’s customers, employees and partners to Enghouse.”
“Enghouse’s experience in complementary video communications solutions makes the acquisition of the Mediasite business ideal,” said Joe Mozden, Jr. of Sonic Foundry. “Enghouse is well positioned to grow this business and meet the needs of our long-term customer base.
Information regarding Enghouse Systems Ltd.
Enghouse Systems Ltd. is a Canadian publicly traded company (TSX:ENGH) that provides vertically focused enterprise software solutions focused on contact centers, video communications, healthcare, telecommunications, public safety and transit markets. Enghouse has a two-pronged growth strategy focused on internal growth and acquisitions funded by operating cash flow. The company has no external financing and is divided into two business areas: Interactive Management and Asset Management. For more information, see www.enghouse.com.
Questions & Contact:
Media contact:
Sam Anidjar, Vice President, Corporate Development, Enghouse Systems Limited, [email protected]
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