Business software firm OpenText signs deal to buy US company Guidance Software

WATERLOO, Ont. — Business software company OpenText (TSX:OTEX) has signed a deal to buy Guidance Software in a deal that values the forensic security firm at US$222 million.Under the deal, the Waterloo, Ont.-based firm has agreed to pay US$7.10 per share for Guidance Software.OpenText says the acquisition is expected to complement its portfolio of software and services and broaden its capabilities.

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