OpenText Acquires Hightail

Data Investing

OpenText (NASDAQ:OTEX; TSX:OTEX) has announced that it has acquired Hightail, a cloud service for file sharing. As quoted in the press release: “The acquisition of Hightail underscores our commitment to delivering differentiated content solutions in the cloud that enable marketers and creative professionals to share, produce, and securely collaborate on digital content,” said Mark J. Barrenechea, …

OpenText (NASDAQ:OTEX; TSX:OTEX) has announced that it has acquired Hightail, a cloud service for file sharing.

As quoted in the press release:

“The acquisition of Hightail underscores our commitment to delivering differentiated content solutions in the cloud that enable marketers and creative professionals to share, produce, and securely collaborate on digital content,” said Mark J. Barrenechea, OpenText Vice Chairman, CEO and CTO. “We are pleased to welcome Hightail customers and employees to OpenText today.”
Barrenechea further added, “I am excited about expanding Hightail capabilities as well as integrating Hightail into OpenText Content Suite, Documentum, Core, and Media Management, allowing our customers to seamlessly and securely collaborate with external trading partners and vendors.”
Hightail is not expected to contribute significant revenue to OpenText’s results for the fiscal third quarter ending March 31, 2018.

Click here to read the full press release.

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