Enghouse Systems to Acquire MIND C.T.I. in All-Cash Transaction Expanding its Telecom and Enterprise UC Offerings
Key Highlights
- ➤Enghouse (ENGH) to acquire MIND CTI (MNDO) for US$1.30 per share in cash
- ➤US$25.4 million equity value represents approximately 42% premium to MIND CTI’s 30-day average
- ➤MIND CTI merger expected to close in first quarter of 2027, pending shareholder approval
- ➤MIND CTI may solicit alternative proposals through December 10, 2026
- ➤Monica Iancu committed to vote all her MIND CTI shares for the merger
Expert Statements
Monica Iancu, Interim CEO of MIND CTI
“The MIND CTI Board unanimously approved this transaction because we believe it is in the best interests of our shareholders. Given our size and the increasing costs and burdens associated with being a public company, we see limited benefit in remaining public. This transaction delivers compelling value to our shareholders while positioning the business for continued success.”
Steve Sadler, Chairman and CEO of Enghouse Systems
“MIND CTI's billing and customer care, UC analytics and enterprise messaging solutions are complementary to our portfolio and expand our offering for telecommunications service providers and enterprise customers. We look forward to welcoming MIND CTI's customers, partners and employees to Enghouse.”
Enghouse Systems to Acquire MIND C.T.I. in All-Cash Transaction Expanding its Telecom and Enterprise UC Offerings PR Newswire
MARKHAM, ON, Nov. 10, 2026 /PRNewswire/ -- Enghouse Systems Limited (TSX: ENGH) ("Enghouse"), a leading global provider of enterprise software solutions serving select enterprise vertical markets, today announced the execution of a merger agreement by which Enghouse will acquire MIND C.T.I. Ltd. (Nasdaq: MNDO) ("MIND CTI"), a leading provider of business support systems ("BSS") for telecommunications service providers, enterprise unified communications (UC) analytics and messaging solutions.
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