Enghouse has bought the video conferencing technology developer in a $40m deal that will allow Juniper Networks and Kaiser Permanente to exit.
Enterprise software developer Enghouse Systems has acquired US-based video conferencing tool developer Vidyo for approximately $40m, enabling healthcare consortium Kaiser Permanente and networking equipment provider Juniper Networks to exit.
Founded in 2005, Vidyo has created a software platform that allows companies to conduct real-time, video chats in high resolution from any device in a wide range of locations. It also enables developers to embed video communication capabilities into third-party applications and devices.
The company has more than 1,700 customers, across…
