Enghouse acquires Golden Gate-backed Tollgrade for $23 mln
Canadian software and services company Enghouse Systems Ltd (TSX: ENGH) has acquired Tollgrade Communications Inc, a U.S. provider of centralized, software-based test systems for broadband telecom access businesses. Markham, Ontario's Enghouse paid about $23 million for the company, subject to price adjustments. It said the acquisition adds to Enghouse Networks' OSS service assurance portfolio and will enlarge its customer base. Based in Cranberry, Pennsylvania, Tollgrade was backed by U.S. private equity firm Golden Gate Capital, which acquired it in 2011.
13 April 2017•3 mins read
