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M&A Deal Summary

OpenText Acquires ANXeBusiness

On April 27, 2016, OpenText acquired information technology company ANXeBusiness for 100M USD

Acquisition Highlights
  • This is OpenText’s 10th transaction in the Information Technology sector.
  • This is OpenText’s 18th largest (disclosed) transaction.
  • This is OpenText’s 19th transaction in the United States.
  • This is OpenText’s 1st transaction in Michigan.

M&A Deal Summary
Date 2016-04-27
Target ANXeBusiness
Sector Information Technology
Buyer(s) OpenText
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

ANXeBusiness

Southfield, Michigan, United States
ANXeBusiness Corp. is a provider of mission-critical data connectivity and transaction delivery solutions to the North American automotive industry including the original equipment manufacturers ("OEMs") and the supporting vendors in their supply chain.

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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 29 of 45
Sector: Information Technology M&A 10 of 15
Type: Add-on Acquisition M&A Deals 24 of 36
State: Michigan M&A 1 of 2
Country: United States M&A 19 of 32
Year: 2016 M&A 1 of 5
Size (of disclosed) 18 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Daegis

Irving, Texas, United States

Daegis, Inc. is a global enterprise software company with comprehensive offerings for information governance, application migration, data management and application development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Recommind

San Francisco, California, United States

Recommind, Inc. is a provider of eDiscovery, and information analytics. Recommind's SaaS and managed services solutions include, Axcelerate for eDiscovery review and analysis, Perceptiv for contract analytics and Decisiv for enterprise-wide information access.

Buy $163M
Mergr

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