M&A Deal Summary

Enghouse Systems Acquires Mediasite

On January 4, 2024, Enghouse Systems acquired internet software and services company Mediasite from Sonic Foundry for 16M USD

Acquisition Highlights
  • This is Enghouse Systems’ 9th transaction in the Internet Software and Services sector.
  • This is Enghouse Systems’ 13th largest (disclosed) transaction.
  • This is Enghouse Systems’ 17th transaction in the United States.
  • This is Enghouse Systems’ 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2024-01-04
Target Mediasite
Sector Internet Software and Services
Buyer(s) Enghouse Systems
Sellers(s) Sonic Foundry
Deal Type Divestiture
Deal Value 16M USD

Target

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.

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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 49 of 50
Sector (Internet Software and Services) 9 of 10
Type (Divestiture) 4 of 4
State (Wisconsin) 2 of 2
Country (United States) 17 of 18
Year (2024) 1 of 2
Size (of disclosed) 13 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 SeaChange

Boston, Massachusetts, United States

SeaChange provides video streaming, linear TV, and video advertising technology for operators, content owners, and broadcasters globally. The company technology enables operators, broadcasters, and content owners to cost-effectively launch and grow premium linear TV and direct-to-consumer streaming services to manage, curate, and monetize their content. It helps protect existing and develop new and incremental advertising revenues for traditional linear TV and streaming services with its advertising technology. SeaChange was founded in 1993 and is based in Boston, Massachusetts.

Buy $39M

Seller(S) 1

SELLER

Sonic Foundry

Madison, Wisconsin, United States
Category Company
Founded 1991
Sector Information Technology
Revenue 22M USD (2023)
DESCRIPTION

Sonic Foundry transforms how the world works and learns through innovative and scalable technology solutions. Its brands include Vidable and Global Learning Exchange which help unlock a smarter, more connected world for learners, workers, and entrepreneurs everywhere. Sonic Foundry was formed in 1991 and headquartered in Madison, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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