# Enghouse Systems

> Enghouse Systems is a Markham, Ontario software company (TSX: ENGH) that has grown for four decades by acquiring mature, cash-generative software businesses rather than chasing hyper-growth. Its Interactive Management Group sells contact-center software against NICE, Amazon Connect, Content Guru, UJET, Puzzel, Talkdesk and Microsoft; its Asset Management Group serves transportation and networks. Under CEO Stephen Sadler since 2000, the company reported roughly C$499 million in fiscal 2025 revenue, about 69% recurring, with 27% Q4 adjusted EBITDA margins - a disciplined compounder in a market obsessed with AI growth stories.

## Achievements

- Grew from a single engineering-software firm into a global enterprise-software group over 40 years.
- Consistently profitable across multiple market cycles, funding acquisitions largely from operating cash flow.
- Reached roughly C$499M in fiscal 2025 revenue with about 69% recurring (SaaS and maintenance) revenue.
- Improved Q4 fiscal 2025 adjusted EBITDA margin to 27% through cost discipline.
- Asset Management Group revenue grew more than 10% to about C$213.1M in fiscal 2025.
- Integrated dozens of acquisitions - including Syntellect, Zeacom, CosmoCom, Altitude and Serenova's CxEngage - into two operating groups.

## Latest updates

- **2025-12** — Reported fiscal 2025 results: revenue about C$498.9M, recurring revenue over 69%, Q4 adjusted EBITDA margin 27%; Asset Management Group revenue up more than 10% to C$213.1M.
- **2025-06** — Completed the Aculab acquisition, adding biometrics and media-processing technology to the media/IMG portfolio.

## Links

- Website: https://www.enghouse.com/
- LinkedIn: https://www.linkedin.com/company/enghouse-systems/
- Twitter/X: https://twitter.com/enghouse
- YouTube: https://www.youtube.com/user/EnghouseInteractive
- Facebook: https://www.facebook.com/EnghouseInteractive/

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Profile page: https://yespress.io/enghouse-turns-unloved-software-cash-machine
Published by YesPress — https://yespress.io
Last updated: 2026-08-06
