OpenText to buy OEP-backed ANXeBusiness for $100 mln
Canadian enterprise software company OpenText Corp (Nasdaq: OTEX, TSX: OTC) has agreed to acquire ANXeBusiness Corp of Southfield, Michigan, a provider of cloud-based information exchange services to the U.S. automotive and healthcare industries. The deal is valued at about US$100 million and is expected to close later this year. Waterloo-based OpenText said the acquired company will complement its business-to-business integration solutions and strengthen its presence in the automotive and healthcare spaces. ANXeBusiness was bought by U.S. private equity firm One Equity Partners (OEP) in October 2006.
29 April 2016•3 mins read
