Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of different vertical markets. Its strategy is to build a larger and more diverse software company through mergers and acquisitions The company has therefore acquired Vidyo for approximately $40 million.
Vidyo is a New Jersey-based company with annual revenues of approximately $60 million. The company provides enterprise-class video software solutions that support visual communications across endpoints, networks of varying bandwidth and geographically dispersed locations. In addition, Vidyo also offers a comprehensive API framework that enables enterprise developers to quickly embed video communications into third-party applications, workflows and a wide variety of devices.
The purchase of Vidyo through Enghouse Systems Limited
The Enghouse Systems Limited acquired Vidyo in 2019. with the aim of delivering quality expertise and extending the business product offering by being complementary to the Enghouse portfolio in all its business sectors. Thanks to the purchase of the company Vidyo in 2020 have developed a programme to help their telemedicine customers scale dramatically to combat the coronavirus pandemic. The programme allows new or existing customers to increase the time or bandwidth they use by multiples of up to 10 to meet their needs.