While NICE, Talkdesk, Amazon and Microsoft spend to win the AI contact-center race, Enghouse Systems keeps buying mature software companies and holding roughly 69% recurring revenue at 27% margins. The Markham compounder is boring on purpose.

Talkdesk crashed the leaders' circle, Content Guru now stands alone as a challenger, Cisco slipped, and 8x8 vanished from the map. Gartner's 2025 CCaaS ranking is really a story about AI eating the call center.

The New York startup is betting the future of the call center isn't fewer humans and cheaper bots - it's AI voice agents that sound like your best rep, never sleep, and have already worked their way through 500 million calls.