Brief: Enghouse Systems Enters Into Asset Purchase Agreement With Lifesize Inc.

Enghouse Systems

17/05/2023 12:03

May 17 (Reuters) - Enghouse Systems Ltd  ENGH.TO :
    * ENGHOUSE SYSTEMS ENTERS INTO ASSET PURCHASE AGREEMENT WITH
LIFESIZE INC.
    * ENGHOUSE SYSTEMS LTD- ENTERED INTO AN ASSET PURCHASE
AGREEMENT
WITH LIFESIZE INC.
    * ENGHOUSE SYSTEMS LTD - WILL ACQUIRE SUBSTANTIALLY ALL
LIFESIZE'S
 ASSETS AND BRANDS, INCLUDING LIFESIZE, KAPTIVO, PROSCHEDULER,
SERENOVA AND TELSTRAT
    * ENGHOUSE SYSTEMS -  LIFESIZE FILED VOLUNTARY,
PRE-NEGOTIATED
PETITIONS FOR REORGANIZATION UNDER CHAPTER 11
    * ENGHOUSE SYSTEMS LTD- LIFESIZE WILL OPERATE AS USUAL
THROUGHOUT
ITS SALE AND FINANCIAL REORGANIZATION PROCESS
    * ENGHOUSE SYSTEMS LTD- LIFESIZE HAS OBTAINED US$ 5.0
MILLION IN
DEBTOR-IN-POSSESSION FINANCING FROM ITS EXISTING LENDER

Source text for Eikon:  ID:nCNWCwzmka 
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