Key Developments: OpenText Corp (OTEX.O)

OTEX.O on Nasdaq

46.08USD
24 Apr 2014
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Latest Key Developments (Source: Significant Developments)

OpenText Corp raises quarterly cash dividend by 15 Pct
4:01pm EDT 

OpenText Corp:Declared a fifteen percent increase in quarterly cash dividend from $0.15 to $0.1725 per Common Share.Record date for this dividend is May 23 and the payment date is June 13.  Full Article

OpenText Corp seeking infringement damages from Box, Inc. exceeding $268 mln
Monday, 31 Mar 2014 09:01am EDT 

OpenText Corp:Advises Box, Inc. while OpenText seeks preliminary and permanent injunctions halting the sale of Box's products, it otherwise seeks damages exceeding $268 mln in the patent infringement lawsuit against Box.OpenText also seeks interest, damages for willful infringement, and attorney fees.Box infringes 200 claims across 12 patents.  Full Article

OpenText Corp declares dividend
Thursday, 23 Jan 2014 04:01pm EST 

OpenText Corp:Says it has declared a dividend of $0.15 per Common Share.Says record date for this dividend is Feb. 25 and the payment date is Mar. 14.  Full Article

OpenText Corp Enters Into Agreement to Acquire GXS
Tuesday, 5 Nov 2013 07:30am EST 

Open Text Corporation announced that it has entered into an agreement and plan of merger to acquire GXS Group, Inc pursuant to which GXS will become a wholly-owned subsidiary of OpenText. Purchase price is of $1.165 Billion with Financing commitment of $800 million in Debt, $265 million in Cash. The total enterprise value of the transaction is $1.165 billion. OpenText will pay an aggregate of $1.065 billion in cash and $100 million aggregate amount of OpenText common shares, in accordance with the terms of the Merger Agreement. Of the cash consideration to be paid to the GXS stockholders, $60 million is subject to escrow related to certain representations, warranties and covenants and the total consideration payable by OpenText is subject to adjustment based on GXS's working capital and other considerations as of the closing. The transaction is expected to close during OpenText's third fiscal quarter and is subject to customary regulatory approvals and closing conditions.  Full Article

OpenText Corp Declares Dividend
Wednesday, 30 Oct 2013 04:01pm EDT 

OpenText Corp announced that the Board of Directors has declared a quarterly dividend of $0.30 per share with respect to outstanding Common Shares of the Company for the quarter ended September 30, 2013. The quarterly dividend is payable on December 20, 2013 to shareholders of record on November 29, 2013.  Full Article

OpenText Corp Announces Strategic Partnership With ExactTarget
Thursday, 19 Sep 2013 09:03am EDT 

OpenText Corp announced that it has partnered with ExactTarget to develop and sell an integrated solution that will speed the flow of rich media to digital marketers for use in their omni-channel campaigns. Leveraging ExactTarget's industry-digital marketing platform and OpenText Digital Asset Management, part of the OpenText Customer Experience Management (CEM) suite, the offering will help solve a critical bottleneck for enterprises looking to deliver engaging and personalized experiences across all customer touch points. The new solution is being debuted at ExactTarget's Connections conference in Indianapolis.  Full Article

OpenText Corp Declares Quarterly Dividend
Wednesday, 31 Jul 2013 04:01pm EDT 

OpenText Corp announced that Board of Directors has declared a quarterly dividend of $0.30 per share with respect to outstanding common shares of the Company for the quarter ended June 30, 2013. The quarterly dividend is payable on September 20, 2013 to shareholders of record on August 30, 2013.  Full Article

UROCONTROL Selects OpenText Corp's OpenText EIM Solution
Tuesday, 18 Jun 2013 09:15am EDT 

OpenText Corp announced that OpenText StreamServe has been selected by EUROCONTROL for invoice processing within the company's new billing and claims system. EUROCONTROL, the European Organization for the Safety of Air Navigation, is an intergovernmental organization made up of 39 Member States and the European Community. Founded in 1960, this civil-military organization has developed into a vital European repository of air traffic management (ATM) excellence, both leading and supporting ATM improvements across Europe. EUROCONTROL is deploying a new billing and claims system, ABACUS (Advanced Billing and Claims Unified System) based on OpenText StreamServe. The ABACUS Architecture, developed by IBM Global Business Services, maximizes the exploitation of commercial and open source components, such that the code development effort is minimized. This new system is being put into place to effectively manage the changing business needs of the European aviation industry and the rapidly increasing growth rate of air traffic throughout Europe which is expected to reach 20 million flights per year by 2030. Simple to deploy and maintain, OpenText StreamServe delivers dynamic composition, document process automation, and output management capabilities. Designed to scale across any document-driven business process, OpenText's Customer Communications Management (CCM) solutions integrate easily with ERP and supply-chain systems and applications.  Full Article

Open Text Corp Issues FY 2013 EPS Guidance Above Analysts' Estimates-Conference Call
Wednesday, 24 Apr 2013 05:00pm EDT 

Open Text Corp announced that for fiscal 2013, it expects adjusted EPS to be up 25% year over year. The Company reported EPS of $4.60 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.62 for fiscal 2013.  Full Article

Open Text Corp Declares Dividend
Wednesday, 24 Apr 2013 04:01pm EDT 

Open Text Corp announced that Board of Directors has declared an initial dividend of $0.30 per share, payable on June 21, 2013, to shareholders of the Company of record on May 31, 2013.  Full Article

Open Text third-quarter profit up 78 percent, raises quarterly dividend

- Canadian business software maker Open Text Corp posted a higher third-quarter profit, helped by an increase in license and customer services revenues.

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