OpenText buys Catalyst Repository Systems for $75 million in all-cash transaction
OpenText, a provider of enterprise information management technology, has acquired Catalyst Repository Systems, a provider of e-discovery solutions for corporate legal departments and top law firms.
"The legal industry is at an important crossroads and OpenText is a strategic choice for legal industry leaders, ensuring they can continue to offer compelling service, help their organizations navigate uncertain regulatory environments, and secure successful outcomes for their clients," said Mark J. Barrenechea, OpenText CEO & CTO.
The combination of OpenText and Catalyst confirms the company's position as a leading provider of e-discovery technology and provides a powerful combination of solutions to help corporate legal departments and law firms seize the opportunities of automation, digital transformation, AI, and machine learning, Barrenechea added.
Catalyst will be integrated into OpenText's Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText's continued investments in innovation.
The purchase price of the acquisition is approximately $75 million in an all-cash transaction.
For more information about OpenText, visit www.opentext.com.