Markham, Ontario; The Hague, Netherlands – November 16, 2018 – WCP is proud to announce that it acted as exclusive financial advisor to Telexis Solutions B.V. and Telexis B.V. (“Telexis Solutions”) on its acquisition by Enghouse Systems Limited (TSX: ENGH).
Headquartered near The Hague, Netherlands, Telexis Solutions is an innovative technology provider with annual revenue of approximately CAD $18.8 million that offers public transport agencies/operators end-to-end e-ticketing solutions. It includes automated fare collection, sales and services, value added services, inspection and corresponding back office solutions. The solutions offer transit agencies/operators, ferry services and parking facilities a more efficient, fully integrated, hardware independent and scalable platform to provide high quality customer service and enhance revenue retention.
“Telexis Solutions has a strong position in the Dutch market with systems that are a natural extension to Enghouse Transportation solutions,” said Brad Cameron, General Manager, Enghouse Transportation. “This acquisition will improve our ability to penetrate new geographies, expand our Public Transit vision and complement our existing solutions. We are very pleased to welcome Telexis Solutions’ customers and employees to the Enghouse Transportation family.”
Toofan Otaredian, CEO of Telexis Solutions, stated, “We are excited and look forward to joining and contributing to the success of the Enghouse team. Our complementary e-ticketing portfolio combined with Enghouse’s capabilities will improve the position of Enghouse Transportation as a leading provider of Public Transit software solutions in the global market and improve the quality, continuity and sustainability of our services to Telexis Solutions’ customers.”
For more information please contact:
Managing Director, WCP
Tel: +44 2038587551
Tel +44 7782325319
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley, with an office in London. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com
About Telexis Solutions
Founded in 2000, Telexis is an innovative company tackling today’s problems with the vision of tomorrow. Its technology focuses on providing end-to-end electronic ticketing solutions to the public transport vertical as well as other connected verticals such as the parking sector. The company has extensive and profound knowledge and experience in the underlying technologies such as contactless smart cards, Near Field Communications and the corresponding back office solutions. All technologies are proven, reliable and offer benefits to the public transport agencies/operators to serve their customer with high quality of service and optimize revenues. For more information, visit http://www.telexis.nl.
Enghouse Systems Limited is a leading global provider of enterprise software solutions serving a variety of vertical markets. Its strategy is to build a more diverse enterprise software company through strategic acquisitions and managed growth within its business sectors: Contact Center, Networks (OSS/BSS) and Transportation/Public Safety. Enghouse shares are listed on the Toronto Stock Exchange (TSX:ENGH). Further information about Enghouse is available at http://www.enghouse.com.
NOTICE: No information herein is a recommendation that any particular individual should purchase or sell any particular security in any amount or at all, and is not a solicitation of any offer to purchase or sell from or to any particular individual. Woodside Capital Partners delivers value-added M&A advisory services for emerging growth companies, and is the headquartered in Silicon Valley, with an office in London. Securities transactions are offered through Woodside Capital Securities LLC, a registered broker-dealer and member of FINRA and SIPC, and through Woodside Capital Partners UK LLP, a financial services firm authorized and regulated by the FSA. Woodside Capital Securities LLC and Woodside Capital Partners UK LLP are affiliated companies. All trademarks, logos and trade names mentioned in the document are the property of their respective owners.