OpenText, a provider of enterprise information management software, acquired Guidance Software for $221M. Guidance Software’s forensic security solution will be incorporated with OpenText’s eDiscovery and file analytics capabilities to bolster the OpenText Discovery platform.
This marks OpenText’s second acquisition this year, as it acquired Covisint Corporation ($102.45M), a cloud computing platform, in June.
Brief Transaction Details:
|Enterprise Value (mm)||$221|
|TTM Seller Revenue (mm)||$110.5|
|TTM Seller EBITDA (mm)||$(7.73)|
|TTM Revenue Multiple||2.0x|
|TTM EBITDA Multiple||–|
Seller Business Descriptions:
Guidance Software provides forensic security solutions. HQ: Pasadena, CA. See Press Release.
Buyer Business Description:
OpenText provides a suite of software products and services that assist organizations in finding, utilizing, and sharing business information from various devices. HQ: Waterloo, Canada.