OpenText, a Canadian company that specializes in enterprise information management, has acquired Denver-based e-discovery company Catalyst Repository Systems, a provider of e-discovery technology for corporate legal departments and top law firms.
The purchase price of the acquisition is approximately $75 million in an all-cash transaction, according to a statement by the company. Catalyst will be integrated into OpenText’s discovery products, the statement said.
“The joint strength of OpenText and Catalyst confirms our position as a leading provider of e-discovery 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,” Mark J. Barrenechea, OpenText CEO & CTO, said in a statement.
“We welcome Catalyst’s leading corporate and legal customers, partners and employees to the OpenText community,” Barrenechea said. “We are building the world’s top legal technology platform and the Catalyst team and product further strengthen our portfolio and expertise.”
Catalyst was founded in 2000, when it spun off from the law firm Holland & Hart.