Bankrupt Lifesize Cleared to Sell Most Assets to Enghouse

Enghouse Interactive Inc. secured bankruptcy court approval to purchase nearly all of Lifesize’s assets for $21 million after the video conferencing company failed to drum up additional bids.

Canadian telecommunications company Enghouse made the $21 million bid in May to buy Lifesize Inc., which owned a struggling video conference product called VCaaS.

The sale, approved by Judge David Jones of the US Bankruptcy Court for the Southern District of Texas on Friday, is a major step toward resolving Lifesize’s bankruptcy. Lifesize didn’t receive any other qualified bids, it said in a filing.

The sale excludes Lifesize’s litigation assets, notably the ...