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BABA - Enghouse Systems Acquires Vidyo For Video Collaboration Tech
Alibaba Group Holding Limited American Depositary Shares each representing one
Quick Take
Enghouse Systems (EGHSF) announced it has acquired Vidyo for $40 million.
Vidyo has developed a patented video chat platform that can be integrated into any application.
Enghouse appears to have acquired significant new capabilities for a bargain price that it can apply across all of its business segments.
Target Company
Hackensack, New Jersey-based Vidyo was founded in 2005 and provides a cloud-based multiparty video chat system that can be integrated into any application, on any connected device.
Additionally, the company’s VidyoEngage platform allows for customer engagement via video chat over long