Jul 26, 2017
OpenText signs deal to buy U.S. company Guidance Software
TSN.ca Staff
WATERLOO, Ont. - Business software company OpenText (OTEX.TO) has signed a deal to buy Guidance Software in a deal that values the forensic security firm at US$222 million.
Under the deal, the Waterloo, Ont.-based firm has agreed to pay US$7.10 per share for Guidance Software.
OpenText says the acquisition is expected to complement its portfolio of software and services and broaden its capabilities.