Deal
OPEN TEXT CORP acquires Hightail, Inc.
February 2018
Full acquisition
Ready
01 Scorecard
The deal at a glance
Private-market deal
OPEN TEXT CORP acquires Hightail, Inc.
Deal value
approximately $20.5 million
Sector
File Sharing & Collaboration
Date
February 2018
VectorShift
Made on VectorShift
OPEN TEXT CORP acquired Hightail, Inc. for approximately $20.5 million, a transaction completed in February 2018, structured as all cash.
Hightail, Inc. operates in File Sharing & Collaboration, is based in Campbell, California, United States. Hightail was a leading cloud service provider for file sharing and creative collaboration.
We believe this acquisition complements and extends our EIM portfolio.
Complements and extends the EIM portfolio. Open Text Content Services
On February 14, 2018, we acquired all of the equity interest in Hightail, a leading cloud service provider for file sharing and creative collaboration, for approximately $20.5 million in an all cash transaction.
Open Text FY19 10-K, 2018 Acquisitions note
Advisors not disclosed
No advisory firms have been disclosed for this transaction.