Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
advisory, anticipated, competing, difficult, discourage, document, exhibit, favor, fiduciary, fulfillment, Holdco, merger, negatively, Open, OpenText, party, pending, proposal, proposed, proposing, receipt, reference, regulatory, respond, solicit, Stockholder, tender, tendered, Text, timeframe, waiver, Zephyr
Removed:
decline
Financial report summary
?Risks
- Failure to complete the pending tender offer and merger could adversely affect our stock price and our future business and operations.
- The Merger Agreement contains provisions that could make it difficult for a third party to acquire us prior to the completion of the proposed acquisition.
- Our executive officers and directors may have interests that are different from, or in addition to, those of our stockholders generally.
Management Discussion
- Our revenue increase is the result of 14% and 12% growth in our core business in the three and nine months ended September 30, 2021, respectively, due to continued success in our subscription-based business model with both steady additions to the subscriber base and a high rate of existing customer renewals and the realization of previously contracted revenue in our backlog. Our CloudAlly business, acquired in November 2020, additionally contributed $2.1 million and $7.0 million in revenue to our three and nine months ended September 30, 2021, respectively. Additionally, with continued expansion into Europe, our German subsidiary, launched in the second quarter of 2021, contributed $92 thousand and $329 thousand of revenue in our three and nine months ended September 30, 2021, respectively.