Core Viewpoint - MIND C.T.I. Ltd. has signed a definitive agreement to acquire Aurenz GmbH, enhancing its position in the unified communications (UC) analytics market and expanding its reach in Europe [1][4]. Company Overview - MIND C.T.I. Ltd. is a leading provider of convergent end-to-end billing and customer care solutions, as well as UC analytics and call accounting solutions for enterprises [6]. - The company has over 25 years of experience and operates globally from offices in Israel, Romania, Germany, and the United States [6]. Acquisition Details - MIND will acquire Aurenz for up to approximately $1.88 million in cash, with the transaction expected to be marginally accretive to earnings per share in fiscal 2025 and thereafter [4]. - The acquisition is anticipated to be completed shortly, subject to customary closing requirements [5]. Aurenz Overview - Aurenz GmbH, founded in 1983, is a leading provider of call accounting and UC analytics solutions in Germany [2]. - The company is known for its seamless integration into UC systems and outstanding service [2]. Benefits of UC Analytics - UC analytics provides organizations with data-driven insights to optimize communication strategies, enhance customer service interactions, and improve operational efficiency [3]. - By analyzing data, companies can improve response times and refine support processes, leading to better customer experiences [3]. Leadership Comments - The CEO of MIND emphasized that the acquisition strengthens its position in the UC analytics market and enhances its capabilities to serve businesses of all sizes [4]. - The Managing Director of Aurenz expressed enthusiasm about joining MIND, highlighting the value created for partners and customers through the merger [4].
MIND CTI to Acquire Aurenz GmbH