CANADA – OpenText (NASDAQ: OTEX), (TSX: OTEX), a Waterloo, ON-based provider of information management solutions, acquired Micro Focus International, a Newbury, UK-based provider of mission-critical software technology and services that help customers accelerate digital transformation.
Total purchase price of approximately $5.8 billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments. With the acquisition, OpenText will expand its mission 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.Led by CEO Stephen Murdoch, Micro Focus brings critical technologies to OpenText, including new categories of AI & Analytics, Application Development & Delivery, Application Modernization, and Digital Operations Management. They complement OpenText’s market presence in Content Services, Business Network, Digital Experience and Cyber Security.Led by CEO and CTO Mark J. Barrenechea, OpenText provides Information Management solutions, helping companies securely capture, govern and exchange information on a global scale. The company solves digital business challenges for customers, ranging from small and mid-sized businesses to the largest and most complex organizations in the world. 31/01/2023
