OpenText Corp. (NASDAQ: OTEX) said it has completed its acquisition of GXS Group, Inc., expanding OpenText´s leadership in EIM by combining OpenText´s Information Exchange portfolio with GXS´s cloud-based business-to-business integration services and managed services.
Total purchase price was USD1.065bn in cash and 1,297,521 OpenText common shares. OpenText used USD265m of cash on hand and obtained financing of USD800m in debt in the transaction.
OpenText is the largest independent software provider of Enterprise Information Management. For more information visit www.opentext.com.