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M&A Deal Summary

OpenText Acquires FTP Software - OnTime Software Product Line

On December 12, 1997, OpenText acquired software company FTP Software - OnTime Software Product Line from FTP Software for 7M USD

Acquisition Highlights
  • This is OpenText’s 1st transaction in the Software sector.
  • This is OpenText’s 25th largest (disclosed) transaction.
  • This is OpenText’s 1st transaction in the United States.

M&A Deal Summary
Date 1997-12-12
Target FTP Software - OnTime Software Product Line
Sector Software
Buyer(s) OpenText
Sellers(s) FTP Software
Deal Type Divestiture
Deal Value 7M USD

Target

FTP Software - OnTime Software Product Line

United States
FTP Software - OnTime Software Product Line is a provider of open, secure and managed networked application connectivity products that enable users to easily access and share information, regardless of computer platform, operating system or location.

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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 1 of 45
Sector: Software M&A 1 of 21
Type: Divestiture M&A Deals 1 of 8
Country: United States M&A 1 of 32
Year: 1997 M&A 1 of 1
Size (of disclosed) 25 of 27
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-03 Information Dimensions

Dublin, Ohio, United States

Information Dimensions provides leading document and library management tools by delivering secure document management and library solutions via the Internet, intranets, and extranets for organizations with large, complex document collections.

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Seller(S) 1

SELLER

FTP Software

North Andover, Massachusetts, United States
Category Company
Sector Software
DESCRIPTION

FTP Software develops TCP/IP (Transmission Control Protocol/Internet Protocol) networking software for the personal computer market.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 1997 M&A 1 of 1
Size (of disclosed) 1 of 1
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