OpenText Buys Catalyst Repository Systems, Inc.
A Leading Provider of eDiscovery Solutions for the Legal Industry
"The joint strength of OpenText and Catalyst confirms our position as a leading provider of eDiscovery technology and combines a powerful set of solutions to help corporate legal departments and law firms seize the opportunities of automation, digital transformation, AI and machine learning," said
Catalyst will be integrated into OpenText's Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText's continued investments in innovation.
Barrenechea further added, "We welcome Catalyst's leading corporate and legal customers, partners and employees to the OpenText community. We are building the world's top legal technology platform and the Catalyst team and product further strengthen our portfolio and expertise."
The purchase price of the acquisition is approximately
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the
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