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
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