Deepens Commitment to Business Process Management (BPM) and Accelerates Move into Dynamic Case Management Market
WATERLOO, ON July 13, 2011 Global 360
$260 million $90 million August 10, 2011
Dallas, Texas February 2011 Metastorm
This increased investment in the BPM market demonstrates OpenText’s focus on strategic acquisitions of technologies that build out its extended portfolio of solutions. The two acquisitions bring an extended base of expertise – some 300 people in R&D alone – dedicated to BPM and dynamic case management solutions, plus a further reach in key verticals such as financial services, energy, government, life sciences and other industries. OpenText can now solve a much broader range of customer requirements, and at the same time extend its reach across all facets of solutions involving content and business processes
Dynamic Case Management
Global 360’s strength in case management accelerates OpenText’s ability to deliver dynamic case management solutions. Dynamic case management has emerged from the convergence of ECM, BPM, analytics, and user experience technologies. It has become an important new set of solutions addressing some of the key problems organizations deal with that combine BPM, with an increased focus on content.
Top BPM Provider for the Microsoft Ecosystem
OpenText to Raise New Debt
OpenText has appointed Barclays Capital and RBC Capital Markets as joint lead arrangers and joint bookrunners of the amended and restated credit facilities.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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(1) All dollar amounts in this press release are in US dollars unless otherwise indicated.
SOURCE Open Text Corporation