OpenText buys FTV Capital-backed Catalyst for $100 mln
OpenText Corp (TSX, Nasdaq: OTEX) has acquired Catalyst Repository Systems Inc, a Denver, Colorado-based provider of e-discovery software and services for corporate legal departments and law firms. The purchase price is about $100 million (US$75 million) in an all-cash deal. OpenText, a Waterloo-based enterprise information management company, said the acquisition confirms its position as an e-discovery technology provider to the legal industry. Founded in 2000, Catalyst has been backed since 2012 by FTV Capital, a U.S. growth equity firm.
1 February 2019•2 mins read
