Business software company OpenText says it has a deal to acquire ANXeBusiness Corp. for $100 million.
ANXeBusiness Corp., with its headquarters in Southfield, Mich., provides cloud-based information exchange services to the U.S. automotive and health-care industries.
Waterloo-based OpenText says the acquisition, expected to close in the fourth quarter of fiscal 2015, is expected to generate approximately $30 million of annualized revenues.
Last week, OpenText announced a US$170-million deal to buy a group of customer experience software and services assets from HP Inc.
