Deal

OPEN TEXT CORP acquires Vignette Corporation

July 2009 Merger Ready

01 Scorecard

The deal at a glance

OPEN TEXT CORP acquired Vignette Corporation for approximately US$310 million, a transaction completed in July 2009, structured as combination. The deal was a Merger.

Vignette Corporation operates in Web Content Management, is based in Austin, Texas, United States. Vignette was an Austin, Texas provider of web experience and web content management software. Vignette shareholders received US$8.00 in cash plus 0.1447 of an OpenText common share per share, valuing the deal at approximately US$310 million.

The combination of Vignette with Open Text will extend the breadth of our offerings and further Open Text's positioning as the leading independent ECM vendor in the marketplace.

Premium of approximately 74% above the 30-trading-day average closing price of Vignette's shares. Open Text Web Solutions

Vignette's customers represent some of the world's most powerful online brands and we are excited about the opportunity to expand the relationship with these customers and partners.

John Shackleton, President and CEO, Open Text

After a thorough evaluation of strategic and financial alternatives, the Vignette Board of Directors believes that today's announcement provides attractive value for our shareholders.

Mike Aviles, President and CEO, Vignette

Advisors not disclosed

No advisory firms have been disclosed for this transaction.

The deal at a glance

Related deals & entities

See how VectorShift works for your firm