M&A Deal Summary

Enghouse Systems Acquires LifeSize

On May 17, 2023, Enghouse Systems acquired software company LifeSize from Marlin Equity Partners

Acquisition Highlights
  • This is Enghouse Systems’ 32nd transaction in the Software sector.
  • This is Enghouse Systems’ 16th transaction in the United States.
  • This is Enghouse Systems’ 1st transaction in Texas.

M&A Deal Summary
Date 2023-05-17
Target LifeSize
Sector Software
Buyer(s) Enghouse Systems
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

LifeSize

Austin, Texas, United States
Lifesize is a global provider of video conferencing and omnichannel contact center solutions to millions of users through channel partners in over 100 countries. LifeSize was formed in 2003 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Enghouse Systems

Markham, Ontario, Canada
Category Company
Founded 1984
Sector Software
Employees1,729
Revenue 454M CAD (2023)
DESCRIPTION
Enghouse Systems' corporate headquarters in Markham, Ontario.
Enghouse Systems' corporate headquarters in Markham, Ontario.

Enghouse Systems is a developer of software products for Automated Mapping/Facilities Management/Geographic Information Systems ('AM/FM/GIS') for the telecommunications and utilities industries. Enghouse Systems was founded in 1984 and is based in Markham, Ontario.

DEAL STATS #
Overall 48 of 50
Sector (Software) 32 of 32
Type (Add-on Acquisition) 44 of 45
State (Texas) 1 of 1
Country (United States) 16 of 18
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Qumu

Minneapolis, Minnesota, United States

Qumu is a provider of tools to create, manage, secure, distribute, and measure the success of live and on-demand video for the enterprise. Qumu platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge. Qumu was founded in 1978 and is based in Minneapolis, Minnesota.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Mediasite

Madison, Wisconsin, United States

Mediasite is an automated and scalable system for creating, publishing, searching, and managing all videos. It lets clients focus on the bigger picture–transforming education, accelerating training, personalizing communications, and engaging learners. Mediasite Cloud is hosted by JPL Media in its Australian datacentre and connected directly to the AWS network to deliver a high-quality user experience while supporting thousands of simultaneous video streams and uploads.

Buy $16M

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 55 of 63
Sector (Software) 22 of 25
Type (Add-on Acquisition) 38 of 42
State (Texas) 5 of 5
Country (United States) 40 of 46
Year (2023) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 Pentalog

Paris, France

Pentalog is a global provider of software development and digital services, with a focus on customer-facing, business-critical applications. Pentalog’s offering spans the full product lifecycle, including product strategy, UX/UI design, engineering, and ongoing support and maintenance. Pentalog was founded in 1993 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 LineLeader

Irving, Texas, United States

LineLeader offers childcare center owners and directors a comprehensive, web-based customer relationship and marketing automation system specifically designed for the childcare industry. LineLeader was founded in 2009 and is based in Irving, Texas.

Buy -
Mergr

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