Fenwick & West represented Hewlett Packard, Inc. (NYSE: HPQ), in its definitive agreement under which Open Text Corporation (NASDAQ: OTEX) (TSX: OTC), a global leader in Enterprise Information Management, will acquire certain customer experience software and services assets from HP for approximately $170 million. The transaction is expected to close in the fourth quarter of fiscal 2016 and is subject to customary regulatory approvals and closing conditions.
The acquisition is expected to enhance the multi-channel digital experience of OpenText’s customers by providing them with leading software products in marketing optimization, mobile marketing, and voice of the customer programs. More information about HP’s acquisition by OpenText can be obtained from the company press release.
The Fenwick transaction team included corporate lawyers Dave Healy, Scott Behar, Priscila Bastazin, Chris Gorman and Victoria Wong; executive compensation and employee benefits lawyers Glenn Borromeo and Alex Galev; technology transactions lawyers Chris Joslyn, Joseph Schenck and Meng Wu; antitrust lawyers Mark Ostrau and Ashley Walter; intellectual property lawyer Stuart Meyer; and tax lawyers Will Skinner and Andrew Kim.