OPEN TEXT CORP acquires Recommind, Inc.

OPEN TEXT CORP acquired Recommind, Inc. for approximately $170.1 million, a transaction completed in July 2016, structured as all cash.

Recommind, Inc. operates in eDiscovery & Information Analytics, is based in San Francisco, California, United States. OpenText closed its acquisition of Recommind in July 2016 for approximately $163 million after announcing the agreement in June. Recommind is a provider of eDiscovery and information analytics, with SaaS and managed-service products including Axcelerate for eDiscovery review, Perceptiv for contract analytics and Decisiv for enterprise information access. The business was expected to add roughly $70-80 million in annualized revenue and be immediately accretive.

On July 20, 2016, we acquired Recommind, a leading provider of eDiscovery and information analytics, based in San Francisco, California.

Machine-learning-driven eDiscovery and analytics. Open Text Discovery

Advisory firms were not disclosed for this transaction.