|
Newsletters
|
|
|
|
|
|
WirelessDevNet.com Press Release
Enghouse Systems Limited: Syntellect to Acquire Apropos
MARKHAM, ONTARIO and PHOENIX, ARIZONA and OAKBROOK TERRACE,
ILLINOIS--(Sept. 27, 2005) - Syntellect Inc., a wholly-owned
subsidiary of Enghouse Systems Limited (TSX:ESL), and Apropos Technology, Inc.
(NASDAQ:APRS) announced today that they have signed a definitive merger
agreement in which Syntellect has agreed to acquire Apropos for $2.76 per share
of Apropos outstanding common stock, or approximately $50 million. The board of
directors of Apropos unanimously supports the transaction, and shareholders
representing approximately 42% of the outstanding shares of Apropos have agreed
to vote in favour of the transaction.
The transaction is expected to close in late 2005 or early 2006, and is subject
to customary closing conditions, including the approval of Apropos
shareholders. Shareholder approval will be solicited by Apropos by means of a
proxy statement, which will be mailed to Apropos shareholders upon the
completion of the required Securities and Exchange commission filing and review
process. Upon completion of the transaction, Apropos will become a wholly-owned
subsidiary of Syntellect and Enghouse.
"We feel that Syntellect and Apropos are a logical fit, both in terms of
products and customers. We can offer the best-of-breed, end-to-end solutions
for contact centers from speech enabled self-service to live assist systems,"
commented Stephen Sadler, Chairman & CEO of Enghouse.
"We believe the combination of Apropos and Syntellect is a natural one, and
will present a positive future for all concerned," remarked Ken Barwick,
Apropos CEO.
About Syntellect Inc.
Syntellect, a wholly-owned subsidiary of Enghouse Systems Limited, is a global
leader in speech-enabled customer, employee and supply-chain self-service
software solutions. Vista IMR, the Company's fourth-generation voice processing
software platform, is the only open standards, Windows NT/Java TM and Voice XML
platform available from a major supplier. Further information about Syntellect
may be obtained from its web site at www.syntellect.com.
About Enghouse Systems Limited
Enghouse Systems Limited is a leading global provider of enterprise software
solutions serving a variety of vertical markets. Its strategy is to build a
large diverse enterprise software company through strategic acquisitions and
managed growth. Enghouse shares are listed on the Toronto Stock Exchange under
the symbol "ESL". Further information about Enghouse may be obtained from its
web site at www.enghouse.com.
About Apropos Technology, Inc.
Apropos Technology, Inc. develops communications management solutions for
contact center operations. Apropos solutions are largely used when
differentiated levels of service and support are required to effectively
service the customer base. Organizations rely on Apropos' solutions to
prioritize and intelligently route customers to the right service agent and
measure contact center performance as well as enhance business continuity
across the enterprise. Apropos solutions integrate with existing CRM systems to
manage and archive voice, e-mail, Web chat, VoIP or fax interactions. Founded
in 1989, the company serves over 300 clients worldwide from its corporate
headquarters in Oakbrook Terrace, IL, and from its European headquarters in the
United Kingdom. Further information about Apropos may be obtained at its web
site at www.apropos.com. Jefferies & Company served as financial advisor to
Apropos.
|
|
|
