OpenText moves into BPM with Metastorm buy
- 04 February, 2011 04:22
Enterprise content management vendor OpenText said Wednesday that it is purchasing business process management software provider Metastorm for US$182 million.
With OpenText's technologies and larger infrastructure, Metastorm will be able to offer its customers a deeper range of functionality as well as a greater global sales reach, said Metastorm CEO Robert Farrell in a statement.
Based in Baltimore, Maryland, Metastorm is most well-known for its BPM (business process management) software, which allows organizations to set up computerized workflows that bridge multiple enterprise software products.
The company has also built up a line of enterprise architecture software used for system design, and offers a number of BPA (business process analysis) tools as well.
Metastorm's customers include CIT Group, Hewlett-Packard, DePaul University, Qualcomm and the U.S. Air Force.
The companies expect the transaction, pending the completion of a number of closing conditions, to be completed by the end of March. The Metastorm purchase is one of a number that OpenText has made recently.
In October, Open Text acquired communications software provider StreamServe for $US71 million. In February 2010, the company acquired digital content management systems provider Nstein Technologies for $35 million. And in May 2009, Open Text purchased competing content management software provider Vignette for $310 million.
OpenText is one of the largest vendors of ECM (enterprise content management) software for managing documents within organizations. The company generated $912 million in revenue for its fiscal 2010, and reports having 46,000 customers.
In other acquisition news within the ECM community, Xerox has announced that it has purchased the assets of document management service provider WaterWare Internet Services. Xerox plans to roll WaterWave's electronic health records management capabilities into its own DocuShare enterprise content management platform.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
How to Switch From iPhone 5S to BlackBerry Z30 (and Why)
CIOs to Become In-House Brokers -- and That's a Good Thing
The future of computing
10 Hot Hadoop Startups to Watch
The future of computing
Case Study: ETEL Limited
Read how ETEL Limited, a pioneering design and manufacture business in New Zealand, managed to perfect their expansion into new markets by utilising an ERP system to support growth and provide “one source for truth” accessible to the entire organisation.
Secure by design - How to dramatically simplify data protection, access control and other critical security tasks
This white paper examines how you can dramatically reduce the effort required to protect mission-critical information, while giving users fast, simple, flexible remote access that enhances business productivity.
VDI Solutions Guide
The IT industry has been abuzz promoting the idea of virtual desktop infrastructure. But despite its advantages, adoption has been slow, and many organizations have abandoned their VDI initiatives. This paper explores how a new flash-based approach can overcome the key VDI pitfalls, and deliver a solution that both end-users and IT administrators will love.