OpenText Aiming Growth At Cloud Computing

Grazed from Investors.com  Author: Juan Carlos Arancibia.

OpenText doesn’t fit neatly into any one business category. Rather, it’s a collection of businesses ranging from document management to e-mail management.  But it all boils down to what is known as enterprise information management. That’s the technology that helps companies organize, secure and maximize use of their information warehouses.

OpenText is aiming much of its growth at cloud computing, where companies can access and manage data over the Internet. In January, it closed the $1.17 billion acquisition of GXS Group, a business-to-business cloud integration services provider…


In the June-ended quarter, OpenText’s cloud services business revenue soared 255% thanks to that deal.  Acquisitions are a key part of the global company’s growth strategy. Over the past 20 years, it has completed 48 of them.

Read More At Investor’s Business Daily: http://news.investors.com/investing/082914-715416-opentext-aiming-at-cloud-computing.htm#ixzz3BvfOIu2d