Business software firm OpenText signs deal to buy U.S. company Guidance Software

July 26, 2017 - 6:28 AM

WATERLOO, Ont. - 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, 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.

News from © The Canadian Press, 2017

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Business software firm OpenText signs deal to buy U.S. company Guidance Software

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