OpenText acquires venture-backed Hightail

Waterloo, Ontario-based enterprise information management company OpenText Corp has acquired Hightail Inc, a Campbell, California-based cloud service for file sharing and creative collaboration. No financial terms were disclosed. OpenText said the deal reinforces its commitment to solutions that help marketers and creative professionals to share, produce and securely collaborate on digital content. Founded in 2004, Hightail raised more than $90 million in financing from several venture capital firms, including Adams Street Partners, Emergence Capital, Sigma Partners and Western Digital Capital.

DealsNorth AmericaUSBriefs