EGain To Buy Exony

(RTTNews) - eGain Corp. (EGAN) said Wednesday that it has agreed to buy Exony Ltd., an innovative contact center software provider, for a purchase price of about $16.1 million, consisting of about $8 million payable in cash and $8 million payable through the issuance of about 1,209,000 shares of eGain common stock.

The purchase price is subject to adjustment based on Exony's working capital at the closing.

The deal is expected to close within one week.

The acquisition extends eGain's platform with contact center management, reporting and analytics capabilities.

Exony solutions are used by over 80 clients with contact center operations across 34 countries. Exony generated revenue of about $15 million in its fiscal year ended September 30, 2013.