OpenText stated Wednesday that it plans to obtain Hightail, makers of a cloud-based report sharing and collaboration carrier. Monetary phrases of the deal weren’t disclosed.
Based totally in Waterloo, Ontario, OpenText specializes in undertaking data control and has a portfolio that extends into content material control for industries, buyer revel in, and information discovery. In January 2017, OpenText finished its acquire of Dell EMC’s undertaking content material unit, which incorporated Documentum, in an deal value round $1.6 billion.
As for Hightail, the 14-year-old corporate used to be previously referred to as YouSendIt and its number one product used to be a device for sending huge report attachments that oversized electronic mail capability. YouSendIt faltered with the upward push of report sharing products and services equivalent to Field and Dropbox, and the corporate in the end rebranded to Hightail and expanded into collaboration products and services.
With the purchase, Hightail will stay a standalone corporate however lots of its products and services will combine into different OpenText merchandise, together with OpenText Content material Suite, Documentum, Core, and Media Control.
Hightail says it has roughly five.five million shoppers globally, spanning undertaking accounts, paid subscribers and particular person customers. An OpenText spokesperson stated the deal expands OpenText’s foothold within the content material collaboration marketplace thru Hightail’s present user-base of selling, promoting and artistic execs.
“The purchase of Hightail underscores our dedication to turning in differentiated content material answers within the cloud that allow entrepreneurs and artistic execs to proportion, produce, and securely collaborate on virtual content material,” stated OpenText CEO and CTO Mark Barrenechea. “We’re happy to welcome Hightail shoppers and workers to OpenText nowadays.”
Remaining July OpenText received Steering Instrument, makers forensic safety instrument, for roughly $222 million. On the time, OpenText stated it will to make use of the purchase to reinforce its total infosec portfolio, with the main acquire centering round Steering’s virtual investigation and forensic merchandise.