Enghouse Systems to Buy Qumu Corporation

Enghouse Systems

Enghouse Programs (TSX: ENGH), a Markham, Canada-based world supplier of undertaking device answers, intends to procure Qumu Company (Nasdaq: QUMU), a Minneapolis, MN-based supplier of cloud-based undertaking video generation.

Underneath the phrases of the settlement, Enghouse will begin a young be offering for all remarkable stocks of Qumu for US$0.90 in step with percentage in money, for a complete fairness worth of roughly US$18.0m. The merger settlement transaction is predicted to be closed in February 2023.

With the purchase Enghouse Programs will increase its provides.

Led through CEO Rose Bentley, Qumu is a supplier of gear to create, keep watch over, ship, enjoy and analyze are living and asynchronous video at scale. The device permits globally allotted organizations to power worker, buyer, and spouse engagement, modernizing industry through offering efficient techniques to keep up a correspondence and collaborate.

Led through CEO Steve Sadler, Enghouse Programs is a publicly traded corporate that gives vertically targeted undertaking device answers specializing in touch facilities, video communications, healthcare, telecommunications, public protection and the transit marketplace. The corporate has no exterior debt financing and is arranged round two industry segments: the Interactive Control Crew and the Asset Control Crew.

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