OpenText Acquires BPM Cordys
Aug 21, 2013 (Close-Up Media via COMTEX) --
OpenText, a provider of enterprise information management (EIM), announced that it has acquired BPM Cordys.
According to a release, the addition of Cordys affords OpenText a set of EIM and BPM software. Customers leveraging the benefits of their software include: Siemens, Mercer, Pacific Blue Cross and Tata Steel. Cordys is based in Putten, The Netherlands.
"OpenText envisions a world where information and processes are fully integrated, enabling the next generation of Enterprise Information Management applications with out-of-the-box software," said OpenText CEO Mark J. Barrenechea. "The acquisition of Cordys will enable OpenText to offer the strongest process and case management platform in the business. It means that we are now able to offer the broadest set of BPM technologies, including a 100 percent native cloud-based BPM platform and PaaS solution, cloud orchestration, integration ESB, rules engine, business activity monitoring, social and mobile interfaces, and an application development environment all from a single vendor and single platform."
The company noted that the acquisition also enables OpenText to more aggressively leverage indirect market channels such as ISVs, SIs, and MSPs, who will find the new BPM features and SaaS and PaaS deployment options to be an attractive platform for creating process automation solutions for their customers.
Further, the Cordys BOP (Business Operations Platform) was built from the ground up for the cloud, and features a multi-tenant SOA-based architecture with cloud orchestration capabilities to give OpenText customers the ability to choose from on-premises, cloud, or hybrid deployment for optimal systems performance and efficiency.
The Cordys platform will provide OpenText customers with a platform suitable for all types of process and case-oriented workloads from a single system, and its highly modular architecture supports co-existence with other BPM systems, ECM (Enterprise Content Management) and CEM (Customer Experience Management) products, as well as third-party systems.
"We are very excited to be part of the OpenText family," said Art Landro, Chief Executive Officer of Cordys. "Our products will add exceptional value to their EIM suite of solutions, and will position OpenText as the leader in the cloud and PaaS marketplace. Together, we can provide customers and partners with a multi-tenant BPM and case management solution with cloud and hybrid deployment options, as well as support ISVs and MSPs looking to take solutions into their markets. The advanced BPM and PaaS technologies of Cordys, and the impressive resources, customer base, and global reach of OpenText make us the perfect team at the perfect time to take a leadership position in this expanding market."
The transaction is now complete and the approximate purchase price was $33 million USD.
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