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OpenText’s CEO Mark Barrenechea.

Business software company OpenText has signed a deal to buy Guidance Software in a deal that values the forensic security firm at US$222-million.

Under the deal, the Waterloo, Ont.-based firm has agreed to pay US$7.10 per share for Guidance Software.

OpenText says the acquisition is expected to complement its portfolio of software and services and broaden its capabilities.

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