M&A Deal Summary

OpenText Acquires Catalyst Repository Systems

On January 31, 2019, OpenText acquired software company Catalyst Repository Systems from FTV Capital for 75M USD

Acquisition Highlights
  • This is OpenText’s 19th transaction in the Software sector.
  • This is OpenText’s 20th largest (disclosed) transaction.
  • This is OpenText’s 28th transaction in the United States.
  • This is OpenText’s 1st transaction in Colorado.

M&A Deal Summary

Date 2019-01-31
Target Catalyst Repository Systems
Sector Software
Buyer(s) OpenText
Sellers(s) FTV Capital
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Catalyst Repository Systems

Denver, Colorado, United States
Catalyst Repository Systems, Inc. is a developer of hosts applications to help legal, business and insurance teams manage large document populations and collaborate on complex matters securely over the Web. Catalyst Repository Systems was founded in 1998 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada

Category Company
Founded 1991
Sector Software
Employees23,700
Revenue 4.5B USD (2023)
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 38 of 45
Sector (Software) 19 of 21
Type (Add-on Acquisition) 30 of 36
State (Colorado) 1 of 1
Country (United States) 28 of 32
Year (2019) 1 of 2
Size (of disclosed) 20 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Liaison Technologies

Alpharetta, Georgia, United States

Liaison Technologies, Inc. is a provider of cloud-based enterprise application integration and data management solutions. Liaison’s cloud-based approach breaks down the barriers between data silos to tap into the valuable information needed to make better decisions, faster. Liaison Technologies, Inc. was founded in 2000 and is based in Alpharetta, Georgia.

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Carbonite

Boston, Massachusetts, United States

Carbonite, Inc. is a provider of cloud and hybrid backup and recovery solutions for businesses. Carbonite offers a comprehensive suite of affordable services for data protection, recovery and anywhere, anytime access. Carbonite was formed in 2005 and is based in Boston, Massachusetts.

Buy $1.4B

Seller(S) 1

SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 40 of 61
Sector (Software) 10 of 15
Type (Add-on Acquisition) 28 of 38
State (Colorado) 2 of 2
Country (United States) 37 of 54
Year (2019) 1 of 3
Size (of disclosed) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Egress

London, United Kingdom

Egress is a provider of data privacy and compliance software designed to secure unstructured data. Egress helps enterprises protect unstructured data to meet compliance requirements and drive business productivity. Egress’s AI-powered platform enables users to control and secure the data they share in line with evolving compliance regulations, including GDPR, the NYDFS Cybersecurity Regulation (23 NYCRR 500), and the California Consumer Privacy Act. Egress was founded in 2007 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Zoovu

Boston, Massachusetts, United States

Zoovu is an AI-driven conversational search platform that helps customers find what they’re looking for online. Zoovu was founded in 2006 and is based in Boston, Massachusetts.

Buy -