MARKHAM, ONTARIO and DUBLIN, IRELAND--(Marketwired - Aug. 5, 2014) - Enghouse Systems Limited (TSX:ESL) announced today it has acquired Jinny Software Limited ("Jinny") from Acotel Group S.p.A. for a purchase price of approximately $19.3 million, subject to certain price adjustments. Jinny's annual revenue for fiscal 2013 was approximately $24.6 million.
Headquartered in Dublin, Ireland, Jinny is an end-to-end provider of mobile value added services, rich communications, and diameter signaling management solutions for wireless carriers globally. Jinny's solutions enable customers to run different cellular network technologies simultaneously, and are integrated with leading network equipment providers. Jinny has approximately 190 staff in nine offices throughout the world supporting more than 350 platforms in over 70 countries.
"Jinny brings a strong mobile operator solutions focus, outstanding global customer relationships and a knowledgeable employee base," said Sunil Diaz, General Manager, Enghouse Networks Group.
Steve Sadler, Chairman and CEO of Enghouse, stated, "Jinny is a significant addition to the Enghouse Networks Group, expanding the product portfolio and geographic footprint beyond North America and Europe and into other regions. We are pleased to welcome Jinny's customers and employees to our organization."
About Enghouse Systems Limited
Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of vertical markets. Its strategy is to build a large diverse enterprise software company through strategic acquisitions and managed growth. Enghouse shares are listed on the Toronto Stock Exchange (TSX:ESL). Further information about Enghouse may be obtained from its web site at www.enghouse.com.
About Jinny Software Limited
Founded in 1999, Jinny Software is a leading global supplier of mobile messaging, mobile security and signaling management solutions to wireless carriers worldwide. Jinny is a trusted supplier to mobile network operators to help ensure profitability, stay relevant, manage network transitions and protect their networks. For more information, please visit www.jinnysoftware.com.