Enghouse Offers $21 Million For Bankrupt Lifesize, Lawyer Says

Canada’s Enghouse Systems Ltd. has agreed to pay roughly $21 million to acquire video conferencing firm Lifesize Inc. out of bankruptcy, a Lifesize lawyer said Wednesday.

• Enghouse’s offer is subject to higher offers should any materialize in the next few weeks, Lifesize bankruptcy lawyer Jeffrey Pomerantz said during the company’s debut bankruptcy hearing in Texas
• Lifesize ran an extensive marketing process for its assets before filing Chapter 11 and seeks to complete a sale in about 75 days, Pomerantz said
• Lifesize owns a video-conference product called VCaaS which was hurt by employees shifting during the pandemic away from in-office conference ...