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CTI Group Acquired

Call recording company, CTI Group was acquired by Canadian enterprise software company, Enghouse for $0.61 per share or about $18 million.

Enghouse took over leadership of CTI on December 7th. And started cutting immediately. CEO Fred Hanuschek is out along with people from various departments. The new VP of Sales is from Enghouse, Madhav Malhotra, based in Toronto.

Orec-X has been putting the pressure on CTI in the call recording space for BSFT users, but one client told me this morning that CTI recently cut pricing significantly.

I wonder if Enghouse wants to package their stuff like Oracle was thinking when it bought Acme Packet for $2 B in 2013.

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