MARKHAM, ONTARIO and AUCKLAND, NEW ZEALAND--(Marketwire - May 31, 2012) - Enghouse Systems Limited (TSX:ESL) announced today that it has acquired Zeacom Group Limited for a purchase price of US$30.6 million, subject to certain price adjustments. Zeacom's annual revenues for fiscal 2012 were approximately US$29 million.
Headquartered in Auckland, New Zealand, Zeacom's leading edge contact center software and business process automation solutions have been installed in over 3,500 customer sites worldwide. The Zeacom Contact Center product is a full multi-media product offering a cloud, hosted or on-premise solution. It is primarily targeted at the SMB contact center market and distributed through an extensive telephony reseller channel. Zeacom's recently released new products are also well positioned to meet the growing need for software-centric solutions. Zeacom has operations in New Zealand, Australia, the United States and the United Kingdom.
"We are excited about the acquisition of Zeacom," stated Stephen Sadler, Chairman and CEO of Enghouse. "Zeacom presents us with a great opportunity to address the SMB space more effectively, extend our reach into new geographies and further position Enghouse to meet the evolving needs of our current and future customers."
"We are very pleased to be joining Enghouse - a well established, global provider of management interaction solutions," stated Miles Valentine, CEO of Zeacom. "In a consolidating and evolving market, scale and resources matter and with Enghouse, we found the perfect partner to take advantage of the market opportunities ahead of us."
About Enghouse Systems Limited
Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of vertical markets. Its strategy is to build a large diverse enterprise software company through strategic acquisitions and managed growth. Enghouse shares are listed on the Toronto Stock Exchange (TSX:ESL). Further information about Enghouse may be obtained from its web site at www.enghouse.com.
About Zeacom Group Limited
Zeacom is a leader in communications solutions that deliver Multimedia Contact Center, Business Process Automation and plug-in Unified Communications functionality that bring customers closer. Established in 1994, every day more than 3,500 sites rely on Zeacom's enterprise-class solutions to improve the customer experience, increase productivity and understand their communications workflows. A managed Independent Software Vendor (ISV) on Microsoft Lync, Zeacom has partnered with NEC for 17 years, is a Cisco Premier Partner and a registered member of the Avaya DevConnect program. The company has partners and offices in North America, Northern Europe and Asia Pacific. For more information, please visit www.zeacom.com.