Enghouse Systems Acquires Vidyo for $40,000,000

Company Information

Company
Vidyo

Website

http://www.vidyo.com

Location
433 Hackensack Ave. Hackensack, NJ 07601

Description
Vidyo creates VidyoConferencing solutions that provide quality experiences to all environments from the home-office desktop to the dedicated corporate video-conferencing facility.

Transaction Details

  • Date – 5/15/2019
  • Transaction Type – M&A
  • Transaction Amount – $40,000,000
  • Transaction Round
  • M&A Terms – Enghouse Systems Limited announced it has acquired Vidyo, Inc. for a purchase price of approximately $40 million. Vidyo’s annual revenue is approximately $60 million.