OpenText to acquire U.S.-based ANXeBusiness for $100M
Posted Apr 27, 2016 04:58:44 PM.
Last Updated Apr 28, 2016 06:26:26 AM.
This article is more than 5 years old.
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.