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Open Text Jumps to Record as CEO Pledges Acquisition Drive

Open Text Corp., the business-
software maker that just completed a $1.17 billion acquisition,
soared to a record after saying it plans to spend another $3
billion on deals.

Canada’s Technology Triangle Inc.‘s insight:

The software maker gets more than 90 percent of sales (OTEX:US) from outside Canada and plans to further expand in the U.S., Europe, the Middle East and Latin America. Barrenechea, whose Silicon Valley background includes six years at Oracle Corp., on Jan. 16 bought GXS Group Inc., a seller of cloud-based software integration services.

See on www.businessweek.com


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