A Brief History: AVST, XMedius, and OpenText
In October of 2017, XMedius announced that what had once been a thriving partnership between AVST and XMedius would turn into a full-fledged merger, wherein AVST became an XMedius company. With more than 60 years of industry experience between the two companies and many years of working together as partners in the market, the merger was a no-brainer from both sides of the business aisle. The combined solutions suite perfectly complement one another to better support their customer bases and channel partners.
Following the merger, XMedius continued to gain ground with very robust solutions for secure file exchange. Moreover, the resellers that were previously partnered with one or the other were now able to offer a comprehensive suite of solutions to their customer base, further supporting the people-centric business model both companies touted.
Coming on the heels of a few other major buyouts, including Mitel’s acquisition of ShoreTel and Avaya’s new partnership with RingCentral, it’s not all that surprising for those close to the industry to see another key acquisition in the space. The $75 million all-cash offer is based on XMedius’ annual revenue of approximately $40 million and the anticipated drop in total revenue as the typical integration activities take precedence. OpenText does not expect XMedius to contribute significantly to the fiscal third quarter ending March 31, 2020.
On that note, the new advantages OpenText can now leverage will be key for continued success in the information exchange space.
Get To Know OpenText
OpenText is a global leader in Enterprise Information Management (EIM). Their products are designed specifically to help businesses grow faster while reducing operational costs, reducing information governance and security risks. All of this is done by improving business insight and process speed.
Known as The Information Company, OpenText offers enterprise-level cloud solutions that support businesses in their effort to create connected, intelligent organizations. With more than 120,000 customers and 100 million end users, OpenText has an expansive footprint in the corporate market.
Operating in a $100 billion market, OpenText brings a unique perspective to the industry. The business system is built upon five core principles:
- Operational Excellence
- Key Metrics
- Disciplined Capital Allocation
- Strategic Acquisitions
- Total Growth
By focusing on these elements of business, OpenText has since become a leader in a number of key verticals, including Utilities and Energy, Public Sector, Manufacturing, Automotive, Consumer Goods, Technology, Finance and Insurance, Healthcare, Transportation, and Professional Services.
OpenText + XMedius: The New Age Of Information
Much like the AVST merger was a highly beneficial move both for the business and their customer bases, this new acquisition only further benefits the customers of XMedius and OpenText. At HCWT, we’re the proud provider of top-rated unified communications and information systems for business across Denver and the rest of the world. When you need the next generation technology to support your business, call on High Country.