OPEN TEXT CORP acquires Daegis Inc.

OPEN TEXT CORP acquired Daegis Inc. for approximately $23.3 million, a transaction completed in November 2015, structured as all cash.

Daegis Inc. operates in Information Governance / eDiscovery, is based in Texas, United States. 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.

On November 23, 2015, we acquired Daegis Inc. (Daegis), a global information governance, data migration solutions and development company.

Information governance and data migration capabilities. Open Text Discovery

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

Advisory firms were not disclosed for this transaction.

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