OpenText announced Thursday it has acquired e-discovery company Catalyst Repository Systems for $75 million in an all-cash deal. In a press release, the company noted that Catalyst will be integrated into OpenText’s Discovery Solutions.
Representatives from OpenText and Catalyst were not available to comment on the acquisition by publication time. However, in a blog post discussing the acquisition, Opentext CEO and CTO Mark Barrenechea said that by purchasing Catalyst, OpenText will broaden its customer base and exposure in the global legal market and expand the scope of its capabilities.
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