OPEN TEXT CORP acquired ANXeBusiness Corp. (ANX), a transaction announced in April 2016, structured as Acquisition (definitive agreement).
ANXeBusiness Corp. (ANX) operates in Business Network / B2B information exchange, is based in United States. OpenText entered into a definitive agreement to acquire ANXeBusiness Corp. (ANX), a provider of cloud-based information exchange services to the US automotive and healthcare industries. ANX was slated to be integrated into the OpenText Business Network, a portfolio of cloud solutions and software for secure, compliant supply chain and business-to-business collaboration.
The acquisition was intended to strengthen OpenText's ability to drive digital transformation in the healthcare and automotive industries and to complement the OpenText Business Network's cloud supply-chain and collaboration offerings.
Advisory firms were not disclosed for this transaction.