OpenText Buys GXS Cloud Integration Technology in $1 Billion Deal
January 18, 2014
Grazed from CMSWire. Author: David Roe.
In its first salvo in the information management space this year, OpenText has closed the deal to buy GXS for $1.065 billion. The acquisition will give OpenText cutting edge business-to-business cloud integration technology, which will compliment the investments OpenText has made in cloud computing in recent years.
Expanding EIM Base
According to the statement issued about the deal, GXS will remain intact and become a wholly owned subsidiary of OpenText. It also says OpenText’s information exchange portfolio will be integrated with GXS’s cloud-based B2B integration services…
OpenText didn’t go into the whys of the acquisition, but according to OpenText CEO Mark Barrenechea the move is a strategic one that will give it more headway in the enterprise information management space (EIM). It will also expand its customer base in the EIM space quite substantially…
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