Acquisition Broadens Enghouse Networks
Product Portfolio
OTTAWA and MARKHAM, ON, May 27,
2019 /PRNewswire/ - Enghouse Systems Limited (TSX: ENGH)
today announced that it has successfully completed its acquisition
of Espial Group Inc. (TSX: ESP).
Headquartered in Ottawa,
Canada, Espial provides a next generation, cloud-based
software platform that enables Video Service Providers ("VSPs") or
operators to deliver video and entertainment services. Espial's
primary solution is a true SaaS cloud-based multi-tenant IP Video
platform. The solution powers millions of operator-managed
set-top boxes and consumer owned devices globally.
VSPs face increasing competition, rising content costs and
disruption from over-the-top providers who are innovating faster
than ever. To compete, VSPs must undergo a significant digital
transformation, keep pace with continuous innovation and harness
subscriber insights for improvement. Espial enables VSPs to bring
to market new IP and app-based video services quickly, while
providing them with continuous innovation and valuable insights.
Espial's solution may also be used by enterprises and content
providers to offer video services across a variety of mobile,
tablet and web devices.
Espial's SaaS video platform includes scalable cloud-based
server and client software for AndroidTV and Reference Design Kit
based set-top boxes and apps for a variety of consumer goods and
services. These include mobile phones, tablets and streaming
services like Smart TV, AndroidTV, Roku, FireTV and AppleTV. Espial
also offers VSPs and device manufacturers its software components
and professional services as a solution for on-premise network
deployments.
"Espial's TV as a service suite of applications adds a new media
and content offering to our Enghouse Networks telecommunications
service provider portfolio, enabling our global customers to
deliver emerging, next generation IP and 5G network subscriber
services," said Stephen Sadler,
Chairman & CEO of Enghouse. "We are pleased to welcome Espial's
customers, employees and partners to our organization."
About Enghouse
Enghouse Systems Limited is a leading global provider of
enterprise software solutions serving a variety of vertical
markets. Its strategy is to build a more diverse enterprise
software company through strategic acquisitions and managed growth
within its business sectors: Contact Center, Networks (OSS/BSS) and
Transportation/Public Safety. Enghouse shares are listed on the
Toronto Stock Exchange (TSX:ENGH). Further information about
Enghouse is available at www.enghouse.com.
About Espial
Espial is a public software company, established in 1997 and
headquartered in Ottawa,
Canada. Espial solutions are used by over 100 video service
providers and device manufacturers across the U.S., Canada, Europe & Asia. Espial's solution portfolio includes
client, server and cloud software products along with system
integration services to help service providers launch next
generation video offerings. Espial's customers have deployed over
50 million devices, and are serviced through the company's global
sales, support, and innovation centers. Espial has partnered with
leading companies like Netflix, Amazon and Google, among others,
for its Elevate SaaS solution, which powers cable, IPTV &
App-based IP video services for over 30 video service
providers. For more information on Espial's solutions, visit
www.espial.com
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SOURCE Enghouse Systems Limited
