OPEN TEXT CORP acquires GXS Group, Inc.

OPEN TEXT CORP acquired GXS Group, Inc. for $1.165 billion, a transaction completed in January 2014, structured as combination. The deal was a Merger.

GXS Group, Inc. operates in Business Network / Cloud B2B Integration, is based in Gaithersburg, Maryland, United States (global operations), had revenue of about FY12 revenues of $487.5 million; FY12 adjusted EBITDA of $146.5 million. GXS was a leader in business-to-business (B2B) cloud integration whose Trading Grid platform enabled more than 550,000 trading partners to integrate and manage business processes. Global HQ in Gaithersburg, MD. Total purchase price of $1.065 billion in cash plus 1,297,521 OpenText common shares.

Expanding OpenText's leadership in EIM by combining OpenText's Information Exchange portfolio with GXS's cloud-based business-to-business integration services and managed services.

Purchase price of 2.4x GXS fiscal year 2012 revenues; marquee customer base with over 50% of the Forbes Global 1000. Open Text Information Exchange / Business Network

Advisory firms were not disclosed for this transaction.