The Canadian software company OpenText is planning to acquire an automotive and Internet of Things solutions provider, Covisint Corp. The aquisition holds a transactional value of $103 million and the deal follows after Covisint’s lagging share prices. The deal is expected to finish in the third quarter of this fiscal year. Sam Inman, Covisint’s CEO, said,”There is no better place for the Covisint Platform, the Covisint team members and our customers at this time in our evolution.”
Automotive News
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