About This Deal

OPEN TEXT CORP acquired ANXeBusiness Corp. (ANX), a transaction announced in April 2016, structured as Acquisition (definitive agreement).

ANXeBusiness Corp. (ANX) operates in Business Network / B2B information exchange, is based in United States. 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.

The acquisition was intended to strengthen OpenText's ability to drive digital transformation in the healthcare and automotive industries and to complement the OpenText Business Network's cloud supply-chain and collaboration offerings.

Deal Terms

Acquirer
OPEN TEXT CORP
Target
ANXeBusiness Corp. (ANX)
Value
Not disclosed
Date
April 2016
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States
Segment
Business Network / B2B information exchange
Structure
Acquisition (definitive agreement)
Announced
April 27, 2016

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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