On May 24, 2019, Enghouse Systems Limited (TSX: ENGH) acquired all of the issued and outstanding common shares of Espial Group Inc. (TSX: ESP) by way of a statutory plan of arrangement under the Canada Business Corporations Act, valuing Espial’s total equity at approximately $56.5 million.

Espial is a software company headquartered in Ottawa. Espial solutions are used by over 100 video service providers and device manufacturers across the US, Canada, Europe and 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.

Enghouse 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.