Enghouse Systems Limited

Enghouse Systems Limited

April 10, 2007 06:00 ET

Enghouse Renews Normal Course Issuer Bid

MARKHAM, ONTARIO--(CCNMatthews - April 10, 2007) - Enghouse Systems Limited (TSX:ESL) today announced its intention to renew its normal course issuer bid for its Common Shares in accordance with the requirements of the Toronto Stock Exchange ("TSX").

Enghouse continues to have significant cash reserves and positive cash flow. The Company believes its share price does not fully reflect its underlying value and the repurchase of Company shares is an appropriate use of corporate funds.

The Company may purchase up to a maximum of 1,273,261 Common Shares, representing approximately 5% of the 25,465,224 outstanding Common Shares of the Company as at the close of business on March 31, 2007. Any Common Shares purchased will be cancelled. The price at which the Company may purchase such shares will be their market price at the time of any particular transaction.

The bid will commence on April 12, 2007 and will terminate on April 11, 2008, unless the maximum number of shares that may be purchased thereunder has been acquired before that time. The purchases will be made through the facilities of the TSX. During the twelve months preceding the date of the bid, the Company acquired 191,200 Common Shares at an average price of $7.94 per share.

About Enghouse:

Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of distinct vertical markets. Its strategy is to build a larger and more diverse software company through strategic acquisitions and managed growth. Enghouse shares are listed on the Toronto Stock Exchange under the symbol "ESL". Further information about Enghouse may be obtained from the Company's web site at www.enghouse.com.

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