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Enghouse Systems Ltd
Symbol ENGH
Shares Issued 26,936,462
Close 2017-04-11 C$ 56.70
Market Cap C$ 1,527,297,395
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Enghouse Systems acquires Tollgrade for $23-million

2017-04-12 06:20 ET - News Release

Mr. Sunil Diaz reports

ENGHOUSE SYSTEMS ACQUIRES TOLLGRADE COMMUNICATIONS

Enghouse Systems Ltd. has acquired Tollgrade Communications Inc. for a purchase price of approximately $23-million, subject to certain price adjustments. Tollgrade's annual revenue is approximately $24-million.

Headquartered in Cranberry, Penn., Tollgrade is a leading provider of centralized, software-based test systems for broadband telecom access providers. The company's test systems are sold to communication service providers (CSPs), enabling them to remotely assess network reliability and performance, accelerate revenue for new services, minimize on-site service calls and improve overall subscriber satisfaction.

The Tollgrade test system consists of a centralized software platform that collects and analyzes measurement data from the company's test heads and third party products deployed throughout the network. CSPs use this integrated system to run network tests. These tests are done either pro-actively for preventative maintenance or reactively to detect, locate and remove faults.

"The Tollgrade solution is an excellent addition to our OSS Service Assurance portfolio. It enables Enghouse to offer service providers the ability to reduce costs, increase profitability, assure network reliability and improve service quality," said Sunil Diaz, general manager, Enghouse Networks Group. "This enables a core strategy for service providers evolving to next-generation broadband over fibre and 5G access networks. We are pleased to welcome Tollgrade's employees, customers and partners."

The acquisition also adds a number of new global Tier 1 and Tier 2 customers in the United States and Europe. This enables Enghouse to position an expanding portfolio of OSS, BSS and network valued-added services and strengthens relationships within an existing common customer base.

"We are delighted that Tollgrade is joining forces with Enghouse Networks," said Edward H. Kennedy, chief executive officer of Tollgrade. "Together, Enghouse and Tollgrade will bring a wider portfolio of products and solutions to the market, benefiting our combined base of CSP customers."

About Enghouse Systems Ltd.

Enghouse Systems is a leading global provider of enterprise software solutions serving a variety of vertical markets. Its strategy is to build a larger, more diverse enterprise software company through strategic acquisitions and managed growth.

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