Wednesday, May 06, 2009

Open Text to Buy Vignette - WSJ.com

Busy day in M&A land…

Open Text Corp. agreed to buy fellow software maker Vignette Corp. in a cash-and-stock deal valued at about $310 million.

A onetime highflier, Vignette makes software used to build and manage Web sites. The company, which is based in Austin and employs 700 people, said the sale to Open Text follows a review of strategic and financial alternatives.

For details, see this press release

Open Text to Buy Vignette - WSJ.com

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