OpenText (Nasdaq: OTEX), an information management company for enterprise businesses, is buying Guidance Software (Nasdaq: GUID) for the target’s forensic security and digital investigation software technology. Software-as-a-service companies have continually sparked deals across the middle-market where the tech community has seen an influx of cyber and malware attacks recently.

Founded in 1997, Guidance Software provides forensic security services for clients in the U.S., Europe, Asia and internationally. The Pasadena, California-based target offers end-point investigation tools for cybersecurity, security incident response, e-discovery, data privacy and forensic analysis. The company’s portfolio of products include: EnCase Endpoint Security, which offers crucial IT cybersecurity functionality; and EnCase Endpoint Investigator, an investigative SaaS tool that allows an organization to collect and analyze data on the servers, desktops, and laptops across the enterprise network. Guidance Software, EnCase and EnForce are among the target’s trademarked brands. The deal for Guidance Software is valued at approximately $240 million.

OpenText, based in Ontario, Canada, provides a suite of enterprise software products and information management services to help businesses find, utilize and share information from various devices. OpenText was founded in 1991 as an organization aiming to help manage the flow of information on-premises and in the cloud. The buyer’s products provide content and records management, archiving, and email management and capture services.

Software-as-a-service (SaaS) companies are driving tech deals throughout 2017 and are expected to continue, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). Other SaaS deals include: TA Associates’ agreement with the Carlyle Group (Nasdaq: CG) to acquire real-time monitoring software provider ITRS; Centerbridge Partners’ deal to buy two software developers Syncsort and Vision Solutions for $1.26 billion; Hewlett Packard Enterprise Co.’s (NYSE: HPE) deal to buy software company SimpliVity for $650 million in cash; Thoma Bravo’s deal to acquire software maker Planview. Morgan Stanley (NYSE: MS) and Atlas Technology Group are serving as financial advisers to Guidance Software, while Latham & Watkins is serving as legal counsel.