OpenText acquires XMedius for $75 million
OpenText is acquiring XMedius, a provider of secure information exchange and unified communication solutions, enabling OpenText to better secure the exchange of information.
“With more than 50,000 installations worldwide, the acquisition of XMedius further strengthens OpenText’s leadership in secure information exchange, unified communications, and digital fax,” said Mark J. Barrenechea, OpenText CEO and CTO. “We welcome XMedius’s customers, strong partner network and employees to OpenText. The acquisition reaffirms our commitment to Montreal, already a strategic hub for our analytics and AI development teams. Together, we will bring leading cloud and hybrid solutions to enterprises and small to mid-sized businesses.”
XMedius brings decades of experience and patented technologies to transform secure and collaborative communication, enabling organizations to move more workloads to the cloud and unlock the information advantage.
XMedius also provides innovative technologies to optimize the omnichannel customer experience and the connected business.
These solutions will complement OpenText’s Customer Experience Management and Business Network platforms.
The purchase price of the acquisition is approximately $75 million in an all-cash transaction. XMedius is not expected to contribute significant revenue to OpenText's results for the fiscal third quarter ending March 31, 2020.
More information on XMedius can be found on www.xmedius.com.
For more information about this news, visit www.opentext.com.