Mergers & Acquisitions ·
Enghouse agrees to acquire MIND CTI for $1.30 per share in all-cash deal valued at approximately $25.4 million
MNDOMind Cti Ltd
Enghouse Systems Limited has agreed to acquire MIND C.T.I. Ltd. in an all-cash transaction where each outstanding ordinary share will be exchanged for $1.30, representing a total equity value of approximately $25.4 million. The offer reflects a premium of roughly 42% over the company's weighted average closing price during the preceding 30 trading days. The merger is subject to shareholder approval and customary closing conditions, with no financing condition attached to Enghouse’s obligations. The transaction is expected to close in the first quarter of 2027. Concurrently, MIND CTI reported a net loss of $2.9 million for the third quarter ended September 30, 2026, driven by a non-cash goodwill impairment charge of $3.8 million. Orly Sorokin was appointed as Chief Executive Officer effective November 17, 2026. MIND CTI provides convergent end-to-end billing and customer care solutions for service providers.