Seeking Alpha

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

  • 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.
  • PR, conference call at 8:30 am ET
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