Enterprise software business OpenText has acquired Catalyst Repository Systems, a leading provider of eDiscovery solutions for corporate legal departments and top law firms.
The purchase price of the acquisition is approximately $75 million in an all-cash transaction.
Mark J. Barrenechea, OpenText CEO & CTO said the joint strength of OpenText and Catalyst combines a set of solutions to help corporate legal departments and law firms seize the opportunities of automation, digital transformation, AI and machine learning.
“The legal industry is at an important crossroads and OpenText is a strategic choice for legal industry leaders, ensuring they can continue to offer compelling service, help their organizations navigate uncertain regulatory environments, and secure successful outcomes for their clients,” Barrenechea said.
Catalyst will be integrated into OpenText’s Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText’s continued investments in innovation.
Barrenechea said, “We welcome Catalyst’s leading corporate and legal customers, partners and employees to the OpenText community. We are building the world’s top legal technology platform and the Catalyst team and product further strengthen our portfolio and expertise.”