OPEN TEXT CORP acquired Nstein Technologies Inc. for CDN $35 million (approximate), a transaction announced in February 2010, structured as Cash amalgamation under the Companies Act (Québec); CDN $0.65 per share.
Nstein Technologies Inc. operates in Enterprise Content Management / digital content management, is based in Canada. Open Text entered into a definitive agreement to acquire Nstein Technologies Inc., a Montreal-based provider of digital content management solutions for information-rich organizations. The transaction was structured as a shareholder-approved amalgamation with an Open Text subsidiary, with Nstein shareholders receiving CDN $0.65 in cash per common share.
The acquisition added Nstein's digital content management technology to Open Text's Enterprise Content Management portfolio, serving information-rich organizations.
Advisory firms were not disclosed for this transaction.