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OpenText Buys Cordys To Expand BPM And Case Management

WATERLOO, Ontario, Aug. 16, 2013 /PRNewswire/ -- OpenTextâ„¢ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that it has acquired BPM market leader Cordys. The addition of Cordys affords OpenText customers the most comprehensive set of EIM and BPM software from a single vendor. Customers leveraging the benefits of their software today 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% 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 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. 

Increased System Flexibility The Cordys platform will enable OpenText to take a leadership position in cloud-based BPM and PaaS technologies, which due to the flexibility of systems development, are considered to be the fastest growing segment of the BPM market. 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.

OpenText's customers will also benefit from many other technologies acquired through Cordys, including an enterprise service bus (ESB); a composite application framework (CAF) for rapid application development which includes mash-up and mobile interfaces; a process rules engine; process analytics and business activity monitoring (BAM); and master data management functionality.

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