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M&A Deal Summary

OpenText Acquires Covisint

On June 5, 2017, OpenText acquired information technology company Covisint for 103M USD

Acquisition Highlights
  • This is OpenText’s 13th transaction in the Information Technology sector.
  • This is OpenText’s 17th largest (disclosed) transaction.
  • This is OpenText’s 24th transaction in the United States.
  • This is OpenText’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2017-06-05
Target Covisint
Sector Information Technology
Buyer(s) OpenText
Deal Type Add-on Acquisition
Deal Value 103M USD

Target

Covisint

Southfield, Michigan, United States
Covisint Corp. is a provider of a single entry point for business partners, customers and employees to connect with enterprises that ensures trusted information gets to the right people and place at the right time. Covisint's B2B Cloud Platform enables solutions that allow enterprises and industries to solve complex information and user management challenges across Business-to-Partner (B2P), Business-to-Customer (B2C) and Business-to-Enterprise (B2E) relationships.

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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 34 of 45
Sector: Information Technology M&A 13 of 15
Type: Add-on Acquisition M&A Deals 26 of 36
State: Michigan M&A 2 of 2
Country: United States M&A 24 of 32
Year: 2017 M&A 1 of 2
Size (of disclosed) 17 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 EMC - Enterprise Content Division

Hopkinton, Massachusetts, United States

EMC Corp. - Enterprise Content Division offers a suite of enterprise content management solutions with deep industry focus, including the Documentum ™, InfoArchive™, and LEAP™ product families.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Guidance Software

Pasadena, California, United States

Guidance Software, Inc. is a developer of EnCase technology software platform for digital investigations and endpoint data security. Guidance Software was founded in 1997 and is based in Pasadena, California.

Buy $240M
Mergr

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