Enterprise Content Management (ECM) software business OpenText has bought out Global 360, which provides process and case management services.
Enterprise Content Management (ECM) software business OpenText has bought out Global 360, which provides process and case management services.
According to a statement, the acquisition continues OpenText’s expansion into the ‘fast growing’ business process management (BPM) market.
The deal, worth $260 million (£161 million), brings to Canadian-based OpenText, a business which has reported revenues of $90 million.
John Shackleton, president and chief executive officer of OpenText, says that 60 per cent of global organisations connect their ECM and BPM projects under a single strategy.
He adds: ‘Customers are moving in this direction and we are accelerating our investment in leading content, process and case management [services] as a result.
Shackleton says that the acquisition will allow OpenText, which has two bases in the UK, to provide a complete range of services.
The deal follows OpenText’s acquisition of fellow BPM provider Metastorm in February, which is said by OpenText to have complementary services to Texas-headquartered Global 360.
Steve Russell, senior vice president or research and development at Global 360, comments: ‘With its strategic emphasis on content, process and dynamic case management, plus its strong Microsoft relationship, OpenText is a great fit for our customers and our team.’
