Lifesize has approval to sell assets to Enghouse

Chicago, July 7 – Lifesize Inc.’s sale of its assets to Enghouse Systems Ltd. has been approved by the judge in its Chapter 11 bankruptcy case, according to an order filed with the U.S. Bankruptcy Court for the Southern District of Texas.

The approval was granted over an objection that was lodged from a recently formed official committee of unsecured creditors.

The sale included Lifesize, Kaptivo, ProScheduler, Serenova and Telstrat.

In the final sale order, it was amended to say that the lesser of $14 million or the amount of debtor-in-possession financing approved by the court (including any roll-up) would be due at closing.

Lifesize is an Austin, Tex.-based provider of video conferencing and omnichannel contact center solutions. The company filed bankruptcy on May 16 under Chapter 11 case number 23-50038.

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