Guidance Software Acquired By OpenText For $240M

Pasadena-based forensics software maker Guidance Software has agreed to be acquired by OpenText, in a deal worth approximately $240M, Guidance said this morning. Guidance, which is best known for developing the EnCase forensic security software, said OpenText will pay $7.10 per share in cash for all of the company's outstanding shares. Guidance was advised by Morgan Stanley and Atlas Technology Group, along with Latham & Watkins, in the deal.