Open Text acquires B2B cloud integration provider GXS Group for $1.165B

|About: Open Text Corporation (OTEX)|By:, SA News Editor

Open Text (OTEX) acquires B2B cloud integration company GXS Group for $1.165B ($800M in debt, $265M in cash, $100M in equity).

The acquisition aims to marry Open Text's Information Exchange portfolio with GXS's B2B integration and managed services.

GXS had 2012 revenue of ~$485M.

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