Enghouse Systems (TSE:ENGH) has released an update.

Enghouse Systems Limited has fortified its IPTV business by acquiring the IPTV assets of SeaChange International for around $23 million, with SeaChange’s expected annual revenues at roughly $18 million. This strategic move enhances Enghouse’s portfolio and market reach, particularly in Europe, and will be integrated into their Asset Management Group. The acquisition signals Enghouse’s ongoing commitment to growth through strategic purchases and internal expansion.

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