OpenText acquires Metastorm, moves into business process management market
BY PAUL QUIGLEY
ECM Plus – OpenText has just inked a new deal to snap up the business process management playe Metastorm.
OpenText said the acquisition would help it to create a new generation of process improvement software suite that need to combine content and process management capabilities.
Open Text’s CEO John Shackleton said: “We see a lot of customer demand for solutions involving content and process improvement and Metastorm is the perfect fit, presenting a tremendous opportunity for OpenText.”
Metastorm also proffers business process analysis (BPA) and enterprise architecture (EA) software, which Open Text said would play a role in its product plans.
“The demands for these solutions are in major industries such as financial services and insurance, energy, government, life sciences and healthcare, and that’s where we see the opportunity” added Shackleton. “Metastorm brings an experienced team of employees and a global footprint to help us deliver solutions worldwide.”
Metastorm is Open Text’s the third major announcement in the last few months. Last October, the company acquired StreamServe, a provider of customer communications and a partner to SAP and in November 2010, Oracle and OpenText announced an agreement in which OpenText will create archiving, compliance and eDiscovery solutions for Oracle.