Deal
OPEN TEXT CORP acquires Covisint Corporation
July 2017
Full acquisition
Ready
01 Scorecard
The deal at a glance
Private-market deal
OPEN TEXT CORP acquires Covisint Corporation
Deal value
approximately $102.8 million
Sector
IoT / Cloud Platform
Date
July 2017
VectorShift
Made on VectorShift
OPEN TEXT CORP acquired Covisint Corporation for approximately $102.8 million, a transaction completed in July 2017, structured as all cash.
Covisint Corporation operates in IoT / Cloud Platform, is based in Detroit, Michigan, United States. Covisint provided a cloud-based platform for connecting and managing the Internet of Things (IoT), identity management, and B2B connectivity.
On July 26, 2017, we acquired Covisint for approximately $102.8 million.
Cloud-based IoT and identity platform. Open Text Business Network
On July 26, 2017, we acquired Covisint for approximately $102.8 million.
Open Text FY18 10-K, Business description
Advisors not disclosed
No advisory firms have been disclosed for this transaction.