OpenText acquires Catalyst Repository Systems
Posted Feb 1, 2019 04:11:43 PM.
This article is more than 5 years old.
Waterloo-based OpenText has announced the acquisition of Catalyst Repository Systems Inc. (Catalyst).
The deal is worth approximately $75 million.
“The joint strength of OpenText and Catalyst confirms our position as a leading provider of eDiscovery technology and combines a powerful set of solutions to help corporate legal departments and law firms seize the opportunities of automation, digital transformation, AI and machine learning,” OpenText CEO & CTO, Mark J. Barrenechea said in a release.
“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.” he added.
Catalyst is described as a leading provider of eDiscovery solutions for corporate legal departments and top law firms.
The company will be integrated into OpenText's Discovery Solutions.
