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Content Assessment: One Large Software And Cloud Business? OpenText to Acquire Micro Focus
Information - 93%
Insight - 92%
Relevance - 91%
Objectivity - 90%
Authority - 93%
92%
Excellent
A short percentage-based assessment of the qualitative benefit of the recent announcement by OpenText of an agreement on the terms of a recommended all-cash offer to be made to acquire Micro Focus.
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Background Note: The following announcement shares the recent statement by Open Text of its intention to acquire Micro Focus and may be of interest to legal, business, and information technology professionals operating or investing in the eDiscovery ecosystem. Additionally, a recent post by Tomasz Tunguz, a venture capitalist with Redpoint, provides an interesting consideration that may be of relevance regarding the value of public software companies. The post, titled Growth is No Longer the Best Predictor of a Software Company’s Value, notes that profitability has surged as the most significant correlate and predictor of a public software company’s value. This revenue observation may also be of interest to individuals considering valuations in light acquisition announcements.
Press Announcement (August 25, 2022)
OpenText to Acquire Micro Focus International plc
Creating One of the Largest Software & Cloud Businesses Enabling Digital Transformations Expands Information Management Market Opportunity to $170 Billion
Press Announcement Quote
“We are pleased to announce our firm intention to acquire Micro Focus, and I look forward to welcoming Micro Focus customers, partners and employees to OpenText,” said OpenText CEO & CTO Mark J. Barrenechea. “Upon completion of the acquisition, OpenText will be one of the world’s largest software and cloud businesses with a tremendous marquee customer base, global scale and comprehensive go-to-market. Customers of OpenText and Micro Focus will benefit from a partner that can even more effectively help them accelerate their digital transformation efforts by unlocking the full value of their information assets and core systems.”
Read the Complete Press Release (PDF) – Mouseover to Scroll
OpenText-to-Acquire-Micro-Focus-International-plcAbout OpenText
OpenText, The Information CompanyTM, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions.
For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com
Read August 25, 2022, Acquisition Presentation (PDF) – Mouseover to Scroll
OpenText-to-Acquire-Micro-Focus-Investor-PresentationRead August 4, 2022, Investor Presentation (PDF) – Mouseover to Scroll
OpenText-Investor-Presentation-August-2022Additional Reading
- Investments in eDiscovery (A Running Listing)
- An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments
Source: ComplexDiscovery