Enghouse Systems (OTC:EGHSF) is quietly becoming one of Canada’s largest software companies. Since 2002, the company has grown steadily from roughly $10 million in revenues to approximately $280 million in fiscal 2015. While management strives for organic growth, much of the increase has come through approximately 30 acquisitions made over the last 14 years. Management has been very consistent with its operating principles; profitable growth and acquisitions, focus on less competitive niches and acquire cheaply.
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