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Zeacom bought out by Canadian outfit

Zeacom bought out by Canadian outfit
Canadian software firm Enghouse Systems Limited has acquired local tech company Zeacom Group Limited for US$30.6 million ($40.5 million).

Canadian software firm Enghouse Systems Limited has acquired local tech company Zeacom Group Limited for US$30.6 million ($40.5 million).

Zeacom acquisition EnghouseZeacom, which delivers contact centre and business process software, reported annual revenue for the 2012 year of US$29 million ($38 million).

The Auckland company was founded in 1994 by chief executive Miles Valentine, who was named the Ernst & Young Entrepreneur of the Year in the technology category in 2008.

In 2010 Zeacom received a $2.1 million government grant from the Foundation for Research, Science and Technology’s Technology Development Grant programme.

Valentine told Computerworld he would stay in Auckland as Zeacom regional president, as will the 90 staff employed here. Two staff have been made redundant.

Zeacom also has offices in the UK, US and Australia, and employs more than 180 people in total. It says its software is used by more than 4,000 customers in over 30 countries. 

Valentine said Enghouse was a well established global technology provider.

“In a consolidating and evolving market, scale and resources matter and with Enghouse, we found the perfect partner to take advantage of the market opportunities ahead of us.”
 
Stephen Sadler, chairman and chief executive of Enghouse, said: “Zeacom presents us with a great opportunity to address the SMB space more effectively, extend our reach into new geographies and further position Enghouse to meet the evolving needs of our current and future customers.”