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OpenText to acquire U.S.-based ANXeBusiness for $100M

Last Updated Apr 28, 2016 at 6:26 am EDT

Logo from Open Text.

WATERLOO, Ont. – Business software company OpenText says it has a deal to acquire ANXeBusiness Corp. for $100 million.

ANXeBusiness Corp., with its headquarters in Southfield, Mich., provides cloud-based information exchange services to the U.S. automotive and health-care industries.

Waterloo-based OpenText says the acquisition, expected to close in the fourth quarter of fiscal 2015, is expected to generate approximately $30 million of annualized revenues.