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Open Text Seeks BPM Growth With Metastorm Buyout

February 4, 2011 No Comments

SOURCE:  Open Text

Enterprise content management vendor Open Text Corporation announced its purchase offer of $182 million for Metastorm Inc., a business process management software company.

John Shackleton, president and CEO of Open Text, said in a news release that the proposed buyout would add “complimentary technology and expertise” to his company’s ECM solutions portfolio.

Metastorm, which is headquartered in Baltimore, provides software for BPM, business process analysis and enterprise architecture. Robert Farrell, Metastorm chairman and CEO, stated: “Combined with Open Text, Metastorm will be able to provide a broader and deeper range of offerings to our customers, while leveraging the strength and stability that comes with being part of a larger global organization.”

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