OpenText - M&A Summary and Business Overview

SoftwareCompany

OpenText M&A Summary

OpenText has acquired 51 companies, including 8 in the last 5 years. A total of 22 acquisitions came from private equity firms. It has also divested 1 asset.

OpenText’s largest acquisition to date was in 2022, when it acquired Micro Focus International for $6.0B. It’s largest disclosed sale occurred in 2024, when it sold OpenText - Application Modernization & Connectivity Business to Rocket Software for $2.3B. OpenText has acquired in 12 different US states, and 5 countries. The Company’s most targeted sectors include software (47%) and information technology (34%).

OpenText Business Overview

Where is OpenText headquartered?

OpenText is headquartered in Waterloo, Ontario.

What is OpenText’s revenue?

OpenText disclosed revenue of 4,485M USD for 2023 and 3,494M USD for 2022.

How many employees does OpenText have?

OpenText has 23,700 employees.

What sector is OpenText in?

OpenText is a software company.

When was OpenText founded?

OpenText was founded in 1991.

M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity45
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 29
  • M&A Advisors 5

OpenText

OpenText Corp.

275 Frank Tompa Drive,
Waterloo, Ontario N2L 0A1
Canada,
(519) 888-7111
www.opentext.com

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


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 39 1 2 1 1 1 45
vol $8.9B $75M $860M $6.0B $15.9B
Sell (0.2/yr) # - - - - - 1 1
vol $2.3B $2.3B
  46

Most Recent M&A

Company Date Value Type
Pillr 2024-05-24 - Divestiture
Wichita, Kansas · www.pillrplatform.com
OpenText - Application Modernization & Connectivity Business 2024-05-01 2.3B USD Divestiture
, Ontario
KineMatik Ltd. 2023-08-23 - Add-on Acquisition
Cork, Ireland · www.kinematik.com
Micro Focus International Plc 2022-08-25 6.0B USD Add-on Acquisition
Newbury, United Kingdom · www.microfocus.com
Bricata, Inc. 2021-11-24 - Add-on Acquisition
Columbia, Maryland · www.bricata.com
Zix Corp. 2021-11-08 860M USD Add-on Acquisition
Dallas, Texas · www.zix.com
XMedius Solutions, Inc. 2020-03-09 75M USD Add-on Acquisition
Montreal, Quebec · www.xmedius.com
Carbonite, Inc. 2019-11-11 1.4B USD Add-on Acquisition
Boston, Massachusetts · www.carbonite.com
Catalyst Repository Systems, Inc. 2019-01-31 75M USD Add-on Acquisition
Denver, Colorado · www.catalystsecure.com
Liaison Technologies, Inc. 2018-10-31 310M USD Add-on Acquisition
Alpharetta, Georgia · www.liaison.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 21 (47%) 8.3B (52%) 1 (100%) 2.3B (100%)
Information Technology 15 (33%) 5.4B (34%) - -
Internet Software and Services 7 (16%) 1.8B (11%) - -
Business Services 1 (2%) 71M (< 1%) - -
Communications 1 (2%) 315M (2%) - -
Total 45 $15.9B 1 $2.3B

By Geo

State/Country Buy Value Sell Value
United States 32 9.3B - -
  California 8 2.6B - -
  Texas 4 1.4B - -
  Maryland 4 1.3B - -
  Massachusetts 3 3.1B - -
  Washington 2 136M - -
  Michigan 2 203M - -
  Georgia 2 310M - -
  Ohio 1 - - -
  Kansas 1 - - -
  Colorado 1 75M - -
  Arizona 1 - - -
Canada 8 576M 1 2.3B
  Ontario 6 501M 1 2.3B
  Quebec 2 75M - -
Germany 2 - - -
United Kingdom 2 6.0B - -
Ireland 1 - - -
Domestic 8 (18%) 576M (4%) 1 (100%) 2.3B (100%)
Cross-border 37 (82%) 15.3B (96%) - -
Total 45 $15.9B 1 $2.3B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
2
Lazard Ltd.
1
Citigroup Investment Banking
1
Legal Deals
Allen & Overy
1
Cleary Gottlieb Steen & Hamilton
1

Deal Values

buy # Total
> $1B 5 $11.8B
$100M to $1B 12 $3.7B
< $100M 10 $378M
TOTAL $15.9B
Largest Micro Focus International Plc
$6.0B (2022-08-25)
sell # Total
> $1B 1 $2.3B
TOTAL $2.3B
Largest OpenText - Application Modernization & Connectivity Business
$2.3B (2024-05-01)

M&A Connections

Deals
Acquired from
Investor(s)
36%
16 (36%)
Strategic(s)
18%
8 (18%)
Divested to
Strategic(s)
100%
1 (100%)

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