Deal Timeline
Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
The Acquisition Playbook.
Three patterns run through OPEN TEXT's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
The Full Deal Book
58 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
01 Information Dimensions, Inc. (BASIS) Not disclosed
Information Dimensions was the developer of the BASIS software product line, used to manage specialized corporate and government document collections with comprehensive library controls. After the acquisition, Open Text continued to offer BASIS and integrated it with its Livelink platform through the Livelink Activator for BASIS.
02 LeadingSide (BRS search assets) Not disclosed
Open Text acquired the BRS search technology assets of LeadingSide during fiscal 2001. The full-text search technology was integrated into the Livelink platform to broaden Open Text's product capabilities.
03 Open Image Not disclosed
Open Text acquired Open Image during fiscal 2001. The acquired technology was integrated into the Livelink platform as part of Open Text's effort to build a more diverse product offering.
04 Base4 Not disclosed
Open Text acquired Base4 during fiscal 2001. The acquired technology was integrated into the Livelink platform to expand Open Text's product capabilities.
05 Bluebird Not disclosed
Open Text acquired Bluebird during fiscal 2001. The acquired technology was integrated into the Livelink platform as part of Open Text's product-diversification strategy.
06 OnTime Not disclosed
OnTime was among the software businesses acquired by Open Text in its early history; the acquired technology contributed to Open Text's product portfolio. Open Text recorded amortization of acquired intangible assets related to the acquisition.
07 Lava Not disclosed
Lava was among the software businesses acquired by Open Text in its early history; the acquired technology contributed to Open Text's product portfolio. Open Text recorded amortization of acquired intangible assets related to the acquisition.
08 PS Software Not disclosed
PS Software was among the software businesses acquired by Open Text in its early history; the acquired technology contributed to Open Text's product portfolio. Open Text recorded amortization of acquired intangible assets related to the acquisition.
09 Microstar Not disclosed
Microstar was among the software businesses acquired by Open Text in its early history; the acquired technology contributed to Open Text's product portfolio. Open Text recorded amortization of acquired intangible assets related to the acquisition.
10 Pillr · United States Not disclosed
Pillr is a cloud native, multi-tenant MDR platform from Novacoast, Inc. for MSPs that includes powerful threat-hunting capabilities.
- Cloud-native
- multi-tenant MDR capabilities for the MSP channel
On May 22, 2024, we acquired Pillr, a cloud native, multi-tenant MDR platform from Novacoast, Inc. for MSPs that includes powerful threat-hunting capabilities.Open Text FY24 10-K — Business Combinations note
11 KineMatik · Ireland Not disclosed
OpenText acquired KineMatik, a Cork, Ireland-based provider of automated business process and project management solutions built on OpenText's Content Server. KineMatik's portfolio spans workflow automation, document change control, project management and electronic lab notebook (ELN) solutions used by organizations in life sciences, technology, finance, energy and other regulated industries.
12 Micro Focus International plc · Newbury, United Kingdom (global operations) $5.8B
Micro Focus was one of the world's largest software companies, serving thousands of organizations globally including many of the Fortune Global 500, with approximately $2.7 billion pro forma TTM revenue. OpenText acquired the entire issued share capital at 532 pence per share via a recommended all-cash offer under the UK Takeover Code, expanding into Cybersecurity, Application Modernization & Delivery, IT Operations Management, and AI & Analytics. approximately $5.8 billion (enterprise value ~$6.0 billion at announcement).
- Total purchase price of 2.3x Micro Focus TTM revenues and 6.7x TTM adjusted EBITDA
- immediately accretive to FY23 adjusted EBITDA dollars
- expanded the addressable market opportunity to $170 billion
With this acquisition, OpenText's corporate mission expands to help enterprise professionals secure their operations, gain more insight into their information, and better manage an increasingly hybrid and complex digital fabric with a new generation of tools that include Cybersecurity, Digital Operations Management, Applications Modernization & Delivery and AI & Analytics.Mark J. Barrenechea — CEO & CTO, OpenText
I would like to welcome Micro Focus customers, partners and employees to OpenText. Digital life is life, and with Micro Focus' great products and talent, we will help organizations of all sizes accelerate their digital transformation.Mark J. Barrenechea — CEO & CTO, OpenText
13 Zix Corporation · Dallas, Texas, United States $894.5M
Zix was a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for small and medium-sized businesses, bringing approximately 5,600 managed service partners (MSPs) and a deeper Microsoft relationship.
- Approximately 5
- 600 MSPs and a deepened technology and go-to-market relationship with Microsoft
- immediately accretive to adjusted EBITDA
We intend to integrate Carbonite, Webroot and Zix products to create a powerhouse SMB platform for data protection, threat management, email security and compliance solutions. Acquisitions of cloud growth assets like Zix highlights our commitment to our Total Growth strategy.Mark J. Barrenechea — CEO & CTO, OpenText
The acquisition of Carbonite in December 2019 and its successful integration has given us the confidence and readiness to expand even further into the SMB market.Madhu Ranganathan — EVP & CFO, OpenText
14 Bricata Inc. · Columbia, Maryland, United States $17.8M
OpenText announced in November 2021 the acquisition of Bricata to add network detection and response (NDR) technology to its Security & Protection Cloud. Maryland-based Bricata analyzes network traffic to surface threats while cutting false-positive alerts, and its engineering team joined OpenText to build future NDR products. The purchase price was not material and was not disclosed in the release.
- Network detection and response capabilities for the security portfolio
On November 24, 2021, we acquired all of the equity interest in Bricata Inc. (Bricata) for $17.8 million.Open Text FY22 10-K — Business description
15 XMedius · Montreal, Quebec, Canada $73.3M
OpenText acquired XMedius in March 2020 in an all-cash transaction of about $75 million. XMedius provides secure information exchange, unified communications and digital fax, with more than 50,000 installations globally. The purchase strengthened OpenText's secure-communications portfolio and deepened its presence in Montreal, already a hub for its analytics and AI teams.
- Complements Customer Experience Management and Business Network platforms
On March 9, 2020, we acquired all the equity interest in XMedius for $73.3 million in an all cash transaction. XMedius is a provider of secure information exchange and unified communication solutions.Open Text FY20 10-K — Acquisition of XMedius note
16 Carbonite, Inc. · Boston, Massachusetts, United States $1.4B
Carbonite was a provider of cloud-based subscription data protection, backup, disaster recovery and end-point security to small and medium-sized businesses and consumers. The acquisition (which itself included Webroot) opened a new SMB/prosumer route to market. Total consideration was $1.4 billion in cash.
- Marquee SMB/prosumer channel
- cloud backup and endpoint security at scale (including the Webroot business Carbonite had acquired in March 2019)
This acquisition will further strengthen OpenText as a leader in cloud platforms, complete end-point security and protection, and will open a new route to connect with customers, through Carbonite's marquee SMB/prosumer channel and products.Mark J. Barrenechea — CEO & CTO, OpenText
We are excited by the opportunity to bring forth exceptional leadership in operational execution and integration capabilities to Carbonite.Madhu Ranganathan — EVP & CFO, OpenText
17 Dynamic Solutions Group (The Fax Guys) $5.1M
Open Text acquired certain assets and liabilities of Dynamic Solutions Group, known as The Fax Guys, adding to its secure fax and information-exchange capabilities.
18 Catalyst Repository Systems Inc. · Denver, Colorado, United States $70.8M
Catalyst was a leading provider of eDiscovery that designs, develops and supports market-leading cloud eDiscovery software. approximately $70.8 million.
- Market-leading cloud eDiscovery software
On January 31, 2019, we acquired all of the equity interest in Catalyst, a leading provider of eDiscovery, for approximately $70.8 million in an all cash transaction.Open Text FY19 10-K — Business description
19 Liaison Technologies · Alpharetta, Georgia, United States $310.6M
Liaison Technologies provided cloud-based data integration and management solutions, including the ALLOY platform for application and data integration. approximately $310.6 million.
- Cloud-based data and application integration capabilities
On December 17, 2018, we acquired Liaison for approximately $310.6 million.Open Text FY19 10-K — Business description
20 Hightail, Inc. · Campbell, California, United States $20.5M
OpenText announced in February 2018 that it had acquired Hightail, the cloud file-sharing and creative-collaboration service formerly known as YouSendIt, which served around 5.5 million customers worldwide. OpenText positioned the deal as reinforcing its cloud content strategy for marketers and creative professionals. Hightail was slated for integration with OpenText Content Suite, Documentum, Core and Media Management. approximately $20.5 million.
- Complements and extends the EIM portfolio
On February 14, 2018, we acquired all of the equity interest in Hightail, a leading cloud service provider for file sharing and creative collaboration, for approximately $20.5 million in an all cash transaction.Open Text FY19 10-K — 2018 Acquisitions note
21 Guidance Software, Inc. · Pasadena, California, United States $240.5M
Guidance Software was a leading provider of forensic security solutions, including the EnCase digital forensics and endpoint investigation product family. approximately $240.5 million.
- Established forensic-security and digital-investigation capabilities
On September 14, 2017, we acquired Guidance, a leading provider of forensic security solutions, for approximately $240.5 million.Open Text FY18 10-K — Business description
22 Covisint Corporation · Detroit, Michigan, United States $102.8M
Covisint provided a cloud-based platform for connecting and managing the Internet of Things (IoT), identity management, and B2B connectivity. approximately $102.8 million.
- Cloud-based IoT and identity platform
On July 26, 2017, we acquired Covisint for approximately $102.8 million.Open Text FY18 10-K — Business description
23 Dell EMC Enterprise Content Division (Documentum) · United States (global operations) $1.62B
OpenText acquired Dell EMC's Enterprise Content Division (ECD), including the Documentum, InfoArchive, and LEAP product families. The deal brought 5,000 marquee customers, 2,000 employees and over 300 partners with deep industry focus in healthcare, life sciences, and public sector. U.S. $1.62 billion.
- Deep industry footprints in healthcare
- life sciences
- and public sector
- substantial ECM and information-lifecycle portfolio
We are pleased to welcome 5,000 marquee customers, 2,000 employees and over 300 partners to OpenText. This acquisition extends our leadership in content services, information archives, key verticals, and the Cloud.Mark J. Barrenechea — CEO & CTO, OpenText
24 HP Inc. Customer Communications Management assets (Exstream) · United States Not disclosed
OpenText agreed to acquire the Customer Communications Management (CCM) assets of HP Inc. The assets included HP Exstream, HP Output Management, HP TeleForm and HP LiquidOffice, spanning customer communications management, process automation and document delivery. OpenText substantially completed the closing on August 1, 2016.
25 Recommind, Inc. · San Francisco, California, United States $170.1M
OpenText closed its acquisition of Recommind in July 2016 for approximately $163 million after announcing the agreement in June. Recommind is a provider of eDiscovery and information analytics, with SaaS and managed-service products including Axcelerate for eDiscovery review, Perceptiv for contract analytics and Decisiv for enterprise information access. The business was expected to add roughly $70-80 million in annualized revenue and be immediately accretive. approximately $170.1 million.
- Machine-learning-driven eDiscovery and analytics
On July 20, 2016, we acquired Recommind, a leading provider of eDiscovery and information analytics, based in San Francisco, California, United States, for approximately $170.1 million.Open Text FY17 10-K — Business description
26 ANXeBusiness Corp. (ANX) · United States Not disclosed
OpenText entered into a definitive agreement to acquire ANXeBusiness Corp. (ANX), a provider of cloud-based information exchange services to the US automotive and healthcare industries. ANX was slated to be integrated into the OpenText Business Network, a portfolio of cloud solutions and software for secure, compliant supply chain and business-to-business collaboration.
27 HP Inc. Customer Experience software assets (TeamSite, MediaBin, Qfiniti) · United States Not disclosed
OpenText agreed to acquire a portfolio of customer experience software and services assets carved out of HP Inc. The acquired products included HP TeamSite, a multi-channel digital experience and web content management platform; HP MediaBin, a digital asset management solution; and HP Qfiniti, a contact-center workforce optimization tool, along with HP Explore, HP Aurasma and HP Optimost. Together the assets addressed marketing optimization, mobile marketing and voice-of-the-customer programs.
28 Daegis Inc. · Texas, United States $23.3M
OpenText agreed in October 2015 to acquire Daegis, a provider of information governance, data migration and development-tools software, and completed the deal via tender offer that fiscal year. The company paid $0.82 per share in cash, an equity value of roughly $13.5 million, funded from cash on hand. The acquisition broadened OpenText's information-management footprint. approximately $23.3 million.
- Information governance and data migration capabilities
On November 23, 2015, we acquired Daegis Inc. (Daegis), a global information governance, data migration solutions and development company, based in Texas. Total consideration for Daegis was approximately $23.3 million.Open Text FY17 10-K — Business description
29 Actuate Corporation · San Francisco, California, United States $332.0M
Actuate Corporation - The BIRT Company, based in San Francisco, was a leader in personalized analytics and insights. OpenText acquired all outstanding shares via a $6.60-per-share cash tender offer followed by a merger. $332.0 million (approximately $330 million equity value; ~$272 million enterprise value).
- Added powerful analytics to OpenText's EIM portfolio
A newly formed, wholly-owned subsidiary of OpenText will commence a tender offer for all outstanding shares of Actuate for $6.60 per share in cash, for a total equity value of approximately $330 million.Open Text Ex 99.1 — December 5, 2014
30 Informative Graphics Corporation (IGC) · United States Not disclosed
OpenText acquired Informative Graphics Corporation (IGC), a developer of commercial software for document viewing, annotation, redaction and publishing. A long-standing OpenText partner, IGC's technologies were integrated into the Enterprise Content Management portfolio and extended into other OpenText suites, adding secure mobile access and advanced document viewing, mark-up and collaboration.
31 GXS Group, Inc. · Gaithersburg, Maryland, United States (global operations) $1.165B
GXS was a leader in business-to-business (B2B) cloud integration whose Trading Grid platform enabled more than 550,000 trading partners to integrate and manage business processes. Global HQ in Gaithersburg, MD. Total purchase price of $1.065 billion in cash plus 1,297,521 OpenText common shares.
- Purchase price of 2.4x GXS fiscal year 2012 revenues
- marquee customer base with over 50% of the Forbes Global 1000
Our combined cloud will now manage over 16 billion transactions per year, approximately 600,000 trading partners and 40,000 customers.Mark J. Barrenechea — CEO, OpenText
32 Cordys Holding B.V. · Putten, Netherlands $33.2M
Cordys, based in Putten, the Netherlands, was a provider of BPM and case management solutions offered on one platform with cloud, mobile, and social capabilities.
- Cloud
- mobile and social BPM capabilities on a single platform
On August 15, 2013, we acquired Cordys Holding B.V. (Cordys), a leading provider of BPM and case management solutions, based in Putten, the Netherlands for $33.2 million.Open Text FY14 10-K — Business description
33 ICCM Professional Services Limited · United Kingdom $18.9M
ICCM, based in Malmesbury, United Kingdom, was a provider of IT service management software solutions. The acquisition expanded Open Text's process automation and service-management capabilities.
34 Resonate KT Limited · United Kingdom $20.0M
Resonate KT, based in Cardiff, United Kingdom, provided software that enables organizations to visualize unstructured data, create new user experiences for ECM and Extended ECM for SAP, and build industry-specific applications that maximize the reuse of unstructured content. The acquisition deepened Open Text's SAP-integrated ECM capabilities.
35 EasyLink Services International Corporation · Norcross, Georgia, United States $310M
EasyLink Services International Corporation provided cloud-based information exchange and supply-chain messaging services. OpenText acquired all of EasyLink's outstanding shares in an all-cash transaction valued at approximately $310 million, inclusive of EasyLink debt. approximately $310 million.
- Expanded OpenText's cloud-based information exchange offerings
On July 2, 2012 Open Text Corporation issued a joint press release with EasyLink Services International Corporation announcing the acquisition of EasyLink by Open Text by way of a merger agreement.Open Text Form 8-K — Item 2.01, July 3, 2012
36 System Solutions Australia Pty Limited (MessageManager) · Australia $3.3M
System Solutions Australia, based in Sydney and known for its MessageManager product, specialized in Fax over Internet Protocol (FoIP). The acquisition added fax and electronic-messaging technology to Open Text's information-exchange portfolio.
37 Operitel Corporation · Peterborough, Ontario, Canada $7.0M
Software company based in Peterborough, Ontario, Canada, specializing in building enterprise Learning Portal solutions, including social and mobile learning management that integrates with Microsoft SharePoint.
38 Global 360 Holding Corp. · Dallas, Texas, United States $256.6M
Global 360, headquartered in Dallas, Texas, was a provider of process and case management solutions. The acquisition continued OpenText's expansion into the business process management (BPM) market.
- New capabilities in dynamic case management
On July 13, 2011, we acquired Global 360 Holding Corp. (Global360), a provider of process and case management solutions headquartered in Dallas, Texas.Open Text FY11 10-K — Business description
39 weComm Limited · United Kingdom $20.5M
weComm, based in London, offered a software platform for deploying media-rich applications on mobile devices, including smartphones and tablets. The acquisition strengthened Open Text's mobile application capabilities.
40 Metastorm Inc. · Baltimore, Maryland, United States $182M
Metastorm, based in Baltimore, Maryland, provided Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software that helps enterprises align their strategies with execution.
- Entry into the BPM market with complementary technology and expertise
On February 18, 2011, we acquired Metastorm Inc. for $182 million. Based in Baltimore, Maryland, Metastorm provides Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software.Open Text FY11 10-K — Business description
41 StreamServe Inc. · Burlington, Massachusetts, United States $70.5M
StreamServe, based in Burlington, Massachusetts, offered enterprise business communication solutions that help organizations process and deliver highly personalized documents in paper or electronic format.
- Complementary document-output capabilities for the ECM suite
On October 27, 2010, we acquired StreamServe Inc., a software company based in Burlington, Massachusetts, for $70.5 million.Open Text FY11 10-K — Business description
42 Burntsand Inc. · Canada $10.8M
Burntsand, based in Toronto, was a provider of technology consulting services for customers with complex information-processing and information-management requirements, with a particular focus on enterprise content management. The acquisition added consulting and professional-services capacity to Open Text.
43 Nstein Technologies Inc. · Canada $35M
Open Text entered into a definitive agreement to acquire Nstein Technologies Inc., a Montreal-based provider of digital content management solutions for information-rich organizations. The transaction was structured as a shareholder-approved amalgamation with an Open Text subsidiary, with Nstein shareholders receiving CDN $0.65 in cash per common share. CDN $35 million (approximate).
44 Vignette Corporation · Austin, Texas, United States $310M
Vignette was an Austin, Texas provider of web experience and web content management software. Vignette shareholders received US$8.00 in cash plus 0.1447 of an OpenText common share per share, valuing the deal at approximately US$310 million.
- Premium of approximately 74% above the 30-trading-day average closing price of Vignette's shares
Vignette's customers represent some of the world's most powerful online brands and we are excited about the opportunity to expand the relationship with these customers and partners.John Shackleton — President and CEO, Open Text
After a thorough evaluation of strategic and financial alternatives, the Vignette Board of Directors believes that today's announcement provides attractive value for our shareholders.Mike Aviles — President and CEO, Vignette
45 Vizible Corporation · Canada $0.9M
Vizible was a Toronto-based maker of digital media interface solutions. The acquisition expanded Open Text's Digital Media offerings with richer visualization and presentation capabilities.
46 Captaris, Inc. · Bellevue, Washington, United States $131M
Captaris was a Bellevue, Washington provider of software that automates document-centric processes, including document and data capture solutions converting paper to digital content. OpenText acquired it via merger for US$4.80 per share. approximately US$131 million.
- Tighter integration with invoice-management solutions for SAP and Oracle
Captaris strengthens our position as the ECM market's independent leader and broadens the suite of solutions we offer that integrate with SAP, Microsoft and Oracle, our three strategic partners.John Shackleton — President and CEO, Open Text
47 Spicer Corporation (file-viewer division assets) $11.4M
Open Text acquired substantially all of the assets of a division of Spicer Corporation, a privately held company specializing in file-format viewer solutions for desktop applications, integrated business process management systems and reprographics. The technology strengthened Open Text's document viewing and format-transformation capabilities.
48 Momentum Systems Inc. · United States $4.7M
Momentum Systems, based in Arlington, Virginia, served the government sector for over a decade with a track record of implementing and supporting Livelink ECM solutions. The acquisition strengthened Open Text's reach into the public-sector market and its global partner program.
49 Hummingbird Ltd. · Toronto, Ontario, Canada $489M
Hummingbird was a Toronto-based provider of enterprise content management software with a historic presence in the legal and government verticals. OpenText acquired all outstanding common shares at US$27.85 per share by way of a statutory plan of arrangement. approximately US$489 million.
- Strengthened ECM leadership in legal and government verticals
We are pleased to be taking this next step with Hummingbird and believe the acquisition will benefit the shareholders, customers, partners and employees of both companies.John Shackleton — President and CEO, Open Text
50 Optura Inc. $3.7M
Optura provided products and integration services that optimized business processes so organizations could collaborate across separate functions, dissimilar systems and business partners. The technology extended Open Text's business process and imaging capabilities.
51 Artesia Technologies, Inc. · United States $6M
Artesia Technologies, based in Rockville, Maryland, was a pioneer in Digital Asset Management (DAM) software used to catalog, manage and distribute rich media and brand assets. The acquisition added dedicated DAM capabilities to Open Text's content management portfolio.
52 Vista Plus product suite (Quest Software) · United States $23.7M
Open Text acquired the Vista Plus product suite, related business assets and employees from Quest Software. Vista Plus captured and stored business-critical output and reports from packaged enterprise applications, adding enterprise report and output management to Open Text's portfolio.
53 IXOS Software AG · Germany Not disclosed
IXOS Software was a German enterprise content management vendor specializing in document archiving and retrieval integrated with ERP and CRM systems such as SAP. The acquisition gave Open Text a second primary product line and dramatically expanded its European operations; Open Text closed a tender offer for roughly 88% of IXOS in February 2004 and subsequently moved toward full ownership.
54 DOMEA eGovernment (SER Solutions Software GmbH and SER eGovernment Deutschland GmbH) · Germany $11.4M
Open Text acquired the German DOMEA eGovernment business, comprising SER Solutions Software GmbH and SER eGovernment Deutschland GmbH. DOMEA was a records- and document-management solution certified to Germany's KBSt eGovernment standards and widely used across German public-sector organizations.
55 Gauss Interprise AG · Germany $9.8M
Gauss Interprise was a German enterprise content and web content management vendor. Its technology contributed to Open Text's Livelink Web Content Management Server and expanded the company's European product portfolio.
56 Eloquent Inc. · United States $6.7M
Eloquent was a provider of rich-media and streaming communications software used for online training and corporate communications. Open Text integrated the technology to extend Livelink's media and learning capabilities.
57 Corechange Inc. · United States $3.6M
Corechange was a Boston-based provider of enterprise portal and content-integration software. Its Coreport framework unified content from Livelink and other repositories and enterprise systems into a single interface, extending Open Text's content integration capabilities.
58 Centrinity Inc. · Canada $20.3M
Centrinity was a messaging and collaboration software company whose FirstClass platform provided unified email, voice mail and fax management for large organizations, including many education and government customers. Open Text folded the technology into its FirstClass Communications Platform product line.
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