Enghouse Enters Into Asset Purchase Agreement with Lifesize
Lifesize Inc., a leading, global, provider of video conferencing and omnichannel contact center solutions, has entered into an Asset Purchase Agreement (“APA”), with Enghouse Systems Ltd., a leading vertical enterprise software solutions company. Under the Agreement, Enghouse will acquire substantially all the Company’s assets and brands, including Lifesize, Kaptivo, ProScheduler, Serenova and Telstrat.
The APA is the first in a series of strategic actions that Lifesize is taking to reorganize its capital structure for the benefit of customers, partners, employees and other stakeholders. To effectuate the sale, the Company has filed voluntary, pre-negotiated petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division.
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