OPEN TEXT CORP acquires XMedius

OPEN TEXT CORP acquired XMedius for $73.3 million, a transaction completed in March 2020, structured as all cash.

XMedius operates in Secure Information Exchange, is based in Montreal, Quebec, Canada. 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.

On March 9, 2020, we acquired all the equity interest in XMedius. We believe the acquisition complements our Customer Experience Management (CEM) and Business Network (BN) platforms.

Complements Customer Experience Management and Business Network platforms. Open Text Business Network

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

Advisory firms were not disclosed for this transaction.

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