MIND CTI Announces Acquisition Of Aurenz GmbH For Upto Approx. $1.88 Mln In Cash

(RTTNews) - Israel-based MIND C.T.I. LTD (MNDO), Friday announced a definitive agreement to acquire Aurenz GmbH, a German-based top provider of UC analytics and call accounting solutions, for upto approximately $1.88 million in cash.

The company added that the deal is expected to slightly boost earnings per share, excluding acquisition-related expenses, starting in fiscal 2025. Aurenz's financial results will be included in MIND's reporting from the first quarter of 2025.

Following the acquisition, which is set to close soon, Jurgen Dagutat will remain as Managing Director of Aurenz, continuing to lead the team and enhance partnerships.

Wednesday, MNDO closed at $2.02 or 0.25 percent lower on the Nasdaq.