MIND C.T.I. Ltd. announced on January 10, 2025, that it has signed a definitive agreement to acquire Aurenz GmbH, a leading provider of unified communications (UC) analytics and call accounting solutions based in Germany. Aurenz, founded in 1983, holds a strong position in the German market for these specialized solutions.
The acquisition is valued at up to approximately $1.88 million in cash. MIND C.T.I. expects the transaction to be marginally accretive to its earnings per share, excluding acquisition-related items, starting in fiscal year 2025 and beyond. The financial results of Aurenz will be included in MIND's consolidated statements beginning in the first quarter of 2025.
Jürgen Dagutat, the Managing Director of Aurenz, will continue to lead the Aurenz team, ensuring continuity in operations and customer relationships. This strategic acquisition is anticipated to strengthen MIND's position as a provider of UC analytics and enhance its presence in European markets.
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