The ANX Segment of OpenText to Complement its Existing B2B Integration Solutions
FREMONT, CA: OpenText a provider of Enterprise Information Management (EIM) solutions announced the acquisition of ANXeBusiness Corp, a company offering cloud based information exchange services to healthcare and automotive industries across US.
OpenText solutions include Information Management, Customer Experience Management, B2B Managed Services and Business Process Management. ANX will form part of the OpenText Business Network, a portfolio of cloud solutions to facilitate secure and compliant business collaborations between firms. ANX is a privately held corporation headquartered in Southfield, Michigan and was an OpenText partner.
The PCI Security Standards Council has certified ANX as a Quality Security Assessor and Approved Scanning Vendor. The ANX as a segment of OpenText will focus on strengthening industry presence in automotive and healthcare sectors through customer relationships and business partner collaborations. It will also work on methods to address industry oriented B2B requirements, such as providing organizations with a platform for reliable and secure information exchange. With the acquisition, OpenText also aims to boost the scope of trading partner collaborations to include product design and planning within its network. The acquisition intend to offer a set of solutions within Enterprise Information Management (EIM) which can facilitate efficient, secure,and compliant exchange of information; internally and externally.
The purchase price of the transaction is valued at approximately 100 mn US dollars and the transaction is expected to close by the Q4 of 2016. The company expects the newly formed division to generate revenue of approximately 30 mn US dollars annually. OpenText will acquire ANX’s Collaboration business, while the Compliance division of ANX will spin out as a separate entity prior to closing.