MIND CTI Founder Says Enghouse Plans to Retain Israeli Team

MIND CTI founder and interim chief executive Monica Iancu said Enghouse plans to retain the software company's 22-person Israeli team in Yoqneam following its proposed acquisition. In an interview published November 12, she also said the Romanian and German branches would remain, with possible logistical consolidation involving other companies in Enghouse's portfolio. "The company in Israel will remain as it is, in Yoqneam," Iancu said. She described the expense and management time required of a small publicly traded company, alongside weaker spending by telecommunications customers on replacing systems, upgrades and additional features. MIND CTI announced the acquisition agreement on November 10. Enghouse would pay US$1.30 in cash for each outstanding share, valuing the equity at approximately US$25.4 million. Both boards unanimously approved the agreement. MIND provides billing and customer-care software, enterprise messaging and unified-communications analytics. Its release reported nine-month revenue of US$14.1 million and cash of US$13.7 million at September 30. Completion remains subject to shareholder approval and other conditions, with closing expected in the first quarter of 2027. MIND can actively seek alternative proposals until December 10. Iancu agreed to support the transaction, with that undertaking ending if the board changes its recommendation. Orly Sorokin is due to become chief executive on November 17, while Iancu remains board chair.