OpenText To Acquire Micro Focus In Huge $6B Deal
Summary
The acquisition, should it close as expected early next year, will create one of the world’s largest information management and security businesses with a total annualized revenue of about $6.2 billion, OpenText said. “Upon completion of the acquisition, OpenText will be one of the world’s largest software and cloud businesses with a tremendous marquee customer base, global scale and comprehensive go-to-market. Customers of OpenText and Micro Focus will benefit from a partner that can even more effectively help them accelerate their digital transformation efforts by unlocking the full value of their information assets and core systems,” Barrenechea said in the statement. The company last November unveiled a plan to acquire email encryption software developer Zix in an $860 million deal. OpenText two years earlier acquired cloud data protection technology developer Carbonite for $1.42 billion.