GSB - OpenText Acquires XMedius For Communications Customer Base
Quick Take
OpenText (OTEX) has announced the acquisition of XMedius for $75 million.
XMedius has developed a platform for secure information exchange and unified communications in the enterprise.
With the deal, OTEX gains access to a large customer base at what appears to be a reasonable price.
However, OTEX’ stock appears pricey even after the recent drop and we don’t know how well or how long the Carbonite acquisition will take to integrate, so my bias is Neutral.
Target Company
Montreal, Canada-based XMedius was founded to provide enterprise-grade solutions for secure document exchange