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Espial’s SaaS drive attracts $42m Enghouse acquisition

Espial’s Elevate IPTV technology is changing hands again as Enghouse Systems plans to scoop the Canadian video software firm for C$56.5 million (US$42 million), following Espial’s inheritance of the business from Arris in June 2016. It’s possible Espial saw the writing on the wall after disappointing Q4 results revealed revenues down by 34% to $6.7 million – prompting it to seek out a buyer before its value diminished further. While not exactly ground shattering, Espial has a number of tier 2 and 3 accounts in the US and Canada using its Elevate SaaS video platform and had shown promising signs of eventually making waves outside its core North American market. But most are probably pondering the same question as us…

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