OTTAWA – June 3, 2019 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Espial Group, Inc. (TSX:ESP) on its sale to Enghouse Systems Limited (TSX:ENGH).
Espial Group, Inc. provides software solutions enabling video services at web speed and web scale to over 100 video service providers and device manufacturers across US, Canada, Europe and Asia. The Company’s solution portfolio includes cloud, client, server software products along with system integration services to help service providers launch next generation video offerings. Espial’s Elevate SaaS solution, which powers cable, IPTV & App-based IP video services for over 30 video service providers has been launched in partnership with leading players including Netflix, Amazon and Google, for its. Espial is publicly listed on the Toronto Stock Exchange and headquartered in Ottawa.
Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of vertical markets. Its strategy is to build a more diverse enterprise software company through strategic acquisitions and managed growth within its business sectors: Contact Center, Networks (OSS/BSS) and Transportation/Public Safety. Enghouse is publicly listed on the Toronto Stock Exchange.
“This transaction highlights Mooreland’s sector expertise within cloud-based video technologies, and experience advising public and private software companies around the globe. We are pleased to have played a pivotal role in helping our client and its shareholders receive maximum value,” said Paul Milek, Managing Director at Mooreland Partners.