Enghouse Systems Limited (TSX:ENGH) entered into an agreement to acquire Substantially All Assets of LifeSize Communications Inc. on May 17, 2023. The agreement remains subject to higher or better offers in accordance with bid procedures and deadlines, as well as court approval. Employees will continue to be paid as usual and continue their primary benefits without disruption. Pachulski Stang Ziehl & Jones acted as legla advisor, FTI Consulting acted as chief restructuring advisor and financial advisor and Piper Sandler & Co. acted as exclusive investment banker and financial advisor.

Enghouse Systems Limited (TSX:ENGH) completed the acquisition of Substantially All Assets of LifeSize Communications Inc. for $20.7 million on August 1, 2023. The previously announced transaction was approved under a U.S. Bankruptcy Court process for a purchase price of approximately $20.7 million, subject to adjustments.