Optura Acquired by Open Text Corp.
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Optura develops SAP-centric Business Process Optimization software and provides integration solutions that optimize business processes across separate organizational functions and business partners |
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Open Text (NASDAQ: OTEX) is a market leader in providing Enterprise Content Management (ECM) solutions |
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Optura retained TM Capital to assist in the exploration of strategic alternatives, including the possible sale of the Company |
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Open Text emerged as the best fit for Optura given their consolidation strategy and shared product vision |
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TM Capital structured and negotiated the transaction which provides Optura with broader distribution capabilities, significant cross selling opportunities and access to a global infrastructure |