OpenText buys ediscovery firm

OpenText has acquired Catalyst Repository Systems, Inc. (Catalyst), a provider of eDiscovery solutions for corporate legal departments and law firms, for $US75 million in an all-cash transaction.

"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," said Mark J. Barrenechea , OpenText CEO & CTO.

"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."

Catalyst will be integrated into OpenText's Discovery Solutions.

Further information including an overview presentation regarding Catalyst, can be found at HERE