OpenText™ today announced that it has acquired XMedius, a provider of secure information exchange and unified communication solutions. 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 (CEM) and Business Network (BN) platforms. More information on XMedius can be found on http://www.xmedius.com/.
Terms of Agreement and Preliminary Outlook
The purchase price of the acquisition is approximately $75 million in an all-cash transaction. XMedius currently generates approximately $40 million annually in revenue. OpenText expects first year revenues to be down, up to 20% due to customary purchase price accounting adjustments and typical integration activities. XMedius is not expected to contribute significant revenue to OpenText’s results for the fiscal third quarter ending March 31, 2020.
Like this:
Like Loading...
Related
This entry was posted on March 9, 2020 at 9:14 am and is filed under Commentary with tags OpenText. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
OpenText Buys Montreal’s Xmedius
OpenText™ today announced that it has acquired XMedius, a provider of secure information exchange and unified communication solutions. 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 (CEM) and Business Network (BN) platforms. More information on XMedius can be found on http://www.xmedius.com/.
Terms of Agreement and Preliminary Outlook
The purchase price of the acquisition is approximately $75 million in an all-cash transaction. XMedius currently generates approximately $40 million annually in revenue. OpenText expects first year revenues to be down, up to 20% due to customary purchase price accounting adjustments and typical integration activities. XMedius is not expected to contribute significant revenue to OpenText’s results for the fiscal third quarter ending March 31, 2020.
Share this:
Like this:
Related
This entry was posted on March 9, 2020 at 9:14 am and is filed under Commentary with tags OpenText. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.