OPEN TEXT CORP acquires Actuate Corporation
The deal at a glance
OPEN TEXT CORP acquired Actuate Corporation for $332.0 million (approximately $330 million equity value; ~$272 million enterprise value), a transaction completed in January 2015, structured as all cash.
Actuate Corporation operates in Analytics & Insights, is based in San Francisco, California, United States. Actuate Corporation - The BIRT Company, based in San Francisco, was a leader in personalized analytics and insights. OpenText acquired all outstanding shares via a $6.60-per-share cash tender offer followed by a merger.
OpenText today announced a definitive agreement to acquire Actuate Corporation - The BIRT Company, the leader in personalized analytics and insights.
Added powerful analytics to OpenText's EIM portfolio. Open Text Analytics
No advisory firms have been disclosed for this transaction.