OpenText acquires yet another BPM vendor
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Canada's largest software company announces acquisition of business process management vendor Global 360
Content management vendor OpenText has announced its intention to acquire business process management (BPM) software vendor Global 360 for $260 million.
It is the second BPM acquistion by the Canadian company this year. In February 2011, it acquired MetaStorm for $183 million.
In a statement yesterday, OpenText's CEO John Shackleton remarked that many organisations already use BPM software as part of their content management strategy. "Customers are moving in this direction and we are accelerating our investment in leading content, process and case management solutions as a result," he said.
OpenText CTO Eugene Roman said that Global 360's dynamic case management software helps organisation combine content, processes and collaboration. "Dynamic case management is the kind of technology customers are moving to and it ties together the strengths we're building in our ECM and BPM portfolios," he said
Global 360 has been owned by a consortium of private equity firms since 2006. The company generated around $90 million in revenue in the last 12 months and is profitable, according to OpenText's statement on the acquisition.
