#Canada #Markham #Enghouse Systems #Transit Solutions #Margento

Enghouse Systems Acquires Margento

On March 5, 2025, Enghouse Systems Limited (TSX: ENGH) officially announced its acquisition of Margento R&D d.o.o., a prominent European provider of solutions for fare calculation, account-based ticketing (ABT), automatic vehicle tracking, and payment processing. This strategic move is part of Enghouse's efforts to strengthen its position in the transit sector, particularly in Europe.

Margento, headquartered in Slovenia, offers a scalable and easily deployable Mobility-as-a-Service (MaaS) platform that delivers a unique, user-friendly transit experience for customers. The company's products cater to public transportation agencies and transit operators, including those operating bus, rail, and parking services. According to Žiga Schmidt, the General Manager of Margento, the collaboration with Enghouse will allow Margento to enhance its presence in the market and create synergies in sales through a unified go-to-market approach.

Steve Sadler, Chairman and CEO of Enghouse, emphasized the significance of this acquisition, stating, "Margento augments our European fare collection business with ABT and mobile ticketing solutions, alongside a robust backend system for fare calculations with open integrations for multimodal transport." Enghouse is excited to welcome Margento's customers, partners, and employees into their family.

About Margento

Founded in 2002, Margento has established itself as an innovative provider of mobile transaction and payment solutions through its network of EMV-compliant validators. The company invests heavily in research and development, yielding a comprehensive range of software and hardware solutions all built on a single, unified platform. This approach ensures seamless integration and scalability for clients across various industries, including financial services, retail, hospitality, marketing agencies, and telecommunications. Margento's versatile platform has already seen success with transit operators, financial institutions, mobile carriers, retailers, and various businesses.

For more information about Margento, one can visit Margento's official website.

About Enghouse Systems Ltd.

Enghouse Systems Ltd. is a publicly traded Canadian company (TSX: ENGH) that specializes in vertically oriented enterprise software solutions, focusing on contact centers, video communications, healthcare, telecommunications, public safety, and the transit market. Enghouse pursues a dual growth strategy centered on internal growth and acquisitions, funded through operational cash flow, without reliance on external debt financing. The company operates in two main segments: Interactive Management and Asset Management.

For further details about Enghouse, please visit Enghouse's official website.

This acquisition marks a significant expansion for Enghouse in the realm of transit solutions, anticipating that the partnership with Margento will bring forth innovative services and enhanced operational efficiencies for transit authorities across Europe.