Waterloo firm OpenText signs deal to buy U.S. company Guidance Software
Posted Jul 26, 2017 10:28:10 AM.
Last Updated Jul 26, 2017 10:32:01 AM.
This article is more than 5 years old.
Business software company OpenText (TSX:OTEX) 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-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.