Enghouse Systems Signs Definitive Agreement to Acquire CTI Group (Holdings) Inc.

Enghouse Systems Signs Definitive Agreement to Acquire CTI Group (Holdings) Inc.

MARKHAM, ONTARIO and INDIANAPOLIS, INDIANA — (Marketwired) — 10/19/15 — Enghouse Systems Limited (TSX: ESL) ("Enghouse") and CTI Group (Holdings) Inc. ("CTI") (OTC: CTIG) jointly announced that they have entered into a definitive agreement pursuant to which Enghouse will acquire CTI.Under the terms of the agreement, which has been approved unanimously by the board of directors of both companies, a newly formed wholly-owned subsidiary of Enghouse will commence a tender of