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OpenText Expands Portfolio with Acquisitions

Enterprise information management vendor OpenText has entered into a definitive agreement to acquire Guidance Software, maker of EnCase, forensic security software that includes digital discovery solutions and endpoint information security.

The acquisition of Guidance is expected to complement the OpenText Discovery portfolio of software and services that provide search, extraction, classification, review and analysis of information, and to broaden OpenText Information Security capabilities through the addition of digital investigation, forensic security, and endpoint solutions. 

Under the terms of the Guidance Software agreement, a newly formed, wholly-owned subsidiary of OpenText will offer a total equity value of approximately $240 million, less Guidance Software’s cash, for an enterprise value of approximately $222 million.

OpenText’s public filings with the SEC can be obtained at OpenText’s website at www.opentext.com.and Guidance Software’s public filings with the SEC may be obtained at Guidance Software’s website at www.guidancesoftware.com.

In addition, OpenText has also completed the closing of the previously announced acquisition of Covisint, a cloud platform for building digital identity management, Internet of Things (IoT) applications, and automotive and transportation supply chains, for $103 million.

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