NetDocuments to acquire eDOCS from OpenText for $163m.

NetDocuments, a cloud-native platform, agreed to acquire eDOCS, the legal document management solution of OpenText, a cloud and AI company, for $163m. "Our commitment has always been to help legal professionals do their best work. Following the close of the transaction, eDOCS customers, employees, and partners will benefit from being part of a company that lives and breathes legal document management — and from the innovation and care that come from a singular focus on this domain. We are excited to extend our community, ensuring continuity today and transformative opportunities in the future," Josh Baxter, NetDocuments CEO.