Enghouse Systems Expands Latin American Footprint with Sixbell Telco Acquisition

Enghouse Systems ( (TSE:ENGH) ) has provided an announcement.

Enghouse Systems Limited has acquired the telecommunications division of Sixbell, a provider of telecom and customer engagement software solutions in Latin America. This acquisition expands Enghouse’s presence in the region, enhancing its offerings in network transformation and next-generation services, and aligns with its strategy to grow its Latin American business. The acquisition is expected to accelerate innovation for Sixbell’s telecom customers by leveraging Enghouse’s scale and expertise.

The most recent analyst rating on (TSE:ENGH) stock is a Hold with a C$22.00 price target. To see the full list of analyst forecasts on Enghouse Systems stock, see the TSE:ENGH Stock Forecast page.

Spark’s Take on TSE:ENGH Stock

According to Spark, TipRanks’ AI Analyst, TSE:ENGH is a Outperform.

Enghouse Systems’ overall stock score is driven by its solid financial performance and attractive valuation, with a strong dividend yield. However, technical indicators suggest bearish momentum, and challenges highlighted in the earnings call, such as revenue declines and restructuring costs, weigh on the score.

To see Spark’s full report on TSE:ENGH stock, click here.

More about Enghouse Systems

Enghouse Systems Ltd. is a Canadian publicly traded company that provides vertically focused enterprise software solutions, with a focus on contact centers, video communications, healthcare, telecommunications, public safety, and the transit market. The company follows a growth strategy centered on internal growth and acquisitions, organized around two business segments: the Interactive Management Group and the Asset Management Group.

Average Trading Volume: 193,682

Technical Sentiment Signal: Sell

Current Market Cap: C$1.15B

See more insights into ENGH stock on TipRanks’ Stock Analysis page.