M&A Deal Summary

OpenText Acquires GXS

On November 5, 2013, OpenText acquired information technology company GXS from Francisco Partners and Golden Gate Capital for 1.2B USD

Acquisition Highlights
  • This is OpenText’s 8th transaction in the Information Technology sector.
  • This is OpenText’s 5th largest (disclosed) transaction.
  • This is OpenText’s 15th transaction in the United States.
  • This is OpenText’s 3rd transaction in Maryland.

M&A Deal Summary

Date 2013-11-05
Target GXS
Sector Information Technology
Buyer(s) OpenText
Sellers(s) Francisco Partners
Golden Gate Capital
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) J.P. Morgan Securities (Financial)
Shearman & Sterling (Legal)

Target

GXS

Gaithersburg, Maryland, United States
website
GXS is a leading global provider of B2B e-commerce solutions operating the world’s largest and most expansive network of integrated business communities. Organizations worldwide, including more than 70 percent of the Fortune 500, leverage the on-demand services on GXS Trading Grid® to extend supply chain networks, optimize product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. GXS Managed Services, GXS’ B2B outsourcing solution, empowers customers with the expertise, technical infrastructure and program support to conduct B2B e-commerce with trading partners globally. Based in Gaithersburg, Md., GXS has an extensive global network and has local offices in the Americas, Europe and Asia-Pacific regions.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada

website


Category Company
Founded 1991
Sector Software
Employees14,300
Revenue 3.5B USD (2022)
DESCRIPTION

OpenText is an independent software provider of enterprise information management (EIM). Open Text was founded in 1991 and is based in Waterloo, Canada.


DEAL STATS #
Overall 25 of 44
Sector (Information Technology) 8 of 15
Type (Add-on Acquisition) 20 of 36
State (Maryland) 3 of 4
Country (United States) 15 of 31
Year (2013) 2 of 2
Size (of disclosed) 5 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 ICCM Professional Services

Malmesbury, United Kingdom

ICCM Professional Services Ltd. provides a global client base with powerful solutions for IT Service Management, HR Shared Services, Intelligent BPM and other process applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Informative Graphics

Scottsdale, Arizona, United States

Informative Graphics Corporation (IGC) is a developer of viewing, annotation, redaction and publishing commercial software.

Buy -

Seller(S) 2

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 25 of 79
Sector (Information Technology) 1 of 14
Type (Add-on Acquisition) 16 of 48
State (Maryland) 1 of 1
Country (United States) 20 of 65
Year (2013) 3 of 4
Size (of disclosed) 7 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Aesynt

Cranberry Township, Pennsylvania, United States

Aesynt, Inc. provider of pharmacy automation and information management tools. The Company partners with healthcare organizations to fully optimize all medication forms enterprise-wide, driving cost reductions and improved patient safety. With major solutions for sterile compounding, enterprise-wide inventory management and medication dispensing, Aesynt is committed to developing innovative solutions to solve the most pressing challenges for the Company’s global healthcare partners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-06 Barracuda Networks

Campbell, California, United States

Barracuda Networks is a provider of security, networking and storage products based on network appliances and cloud service. Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. Barracuda Networks was founded in 2003 and is based in Campbell, California.

Sell -
SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 37 of 79
Sector (Information Technology) 2 of 6
Type (Add-on Acquisition) 18 of 36
State (Maryland) 1 of 2
Country (United States) 33 of 71
Year (2013) 8 of 9
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-11 BMC

Houston, Texas, United States

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.

Buy $6.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Humanetics

Plymouth, Michigan, United States

Humanetics is a provider of safety systems, crash test dummies (ATDs), simulation software (RAMSIS), CAE models, human body models, complete line of passive & active safety SW & testing solutions, precision sensors, fiber optics and laser material processing solutions. Humanetics is based in Plymouth, Michigan.

Buy $250M