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M&A Deal Summary

OpenText Acquires PSSoftware Solutions

On August 26, 1999, OpenText acquired software company PSSoftware Solutions

Acquisition Highlights
  • This is OpenText’s 2nd transaction in the Software sector.
  • This is OpenText’s 2nd transaction in Canada.
  • This is OpenText’s 2nd transaction in Ontario.

M&A Deal Summary
Date 1999-08-26
Target PSSoftware Solutions
Sector Software
Buyer(s) OpenText
Deal Type Add-on Acquisition

Target

PSSoftware Solutions

Ottawa, Ontario, Canada
PSSoftware Solutions Ltd. is one of the original records management companies. With an international client base of more than 12,000 corporate and government users, PSSoftware has proven itself to be an industry-leading provider of integrated records management solutions. PSSoftware’s solutions add value to corporate information by managing the risk associated with increased audit, regulatory and litigation pressures.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada
Category Company
Founded 1991
Sector Software
Employees21,400
Revenue 5.2B USD (2025)
DESCRIPTION

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

DEAL STATS #
Overall 4 of 45
Sector: Software M&A 2 of 21
Type: Add-on Acquisition M&A Deals 3 of 36
State: Ontario M&A 2 of 6
Country: Canada M&A 2 of 8
Year: 1999 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-04 LAVA Systems

Toronto, Ontario, Canada

LAVA Systems provides Business Process Enablement Solutions that support knowledge management environments. The firm develops, delivers and supports products LAVA Knowledge Management System and LAVA Business Process Enabler that improve the efficiencies of key business processes by enabling the full potential of applications and information sources for knowledge workers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-20 Microstar Software

Ottawa, Ontario, Canada

Microstar Software Ltd. is a provider of structured information management solutions comprised of technology and services for Global 2000 companies. These solutions enable Microstar’s customers to effectively and economically create, manage and distribute their corporate knowledge assets. The company is recognized for its innovative standards-based solutions based on SGML and XML.

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