Business
OpenText to Acquire Covisint (HITS)
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OpenText announced today that it has entered into a definitive agreement to acquire Covisint Corporation, a cloud platform for building Identity, Automotive, and Internet of Things (IoT) applications.
The acquisition is expected to deepen OpenText’s EIM offering with a cloud-based IoT platform-as-a-service and expand OpenText’s presence in the Automotive industry through strong customer relationships and strategic partnerships for supply chain collaboration. Covisint will be integrated into the OpenText Business Network, a portfolio of cloud solutions and software that facilitates efficient, secure, and compliant information flows between organizations.
