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TheStreet Open House

OpenText Buys Cordys To Expand BPM And Case Management

The Cordys platform will provide OpenText customers with a robust platform suitable for all types of process and case-oriented workloads from a single system, and its highly modular architecture supports co-existence with other BPM systems, ECM (Enterprise Content Management) and CEM (Customer Experience Management) products, as well as third-party systems.

"We are very excited to be part of the OpenText family," said Art Landro, Chief Executive Officer of Cordys. "Our products will add exceptional value to their EIM suite of solutions, and will position OpenText as the leader in the cloud and PaaS marketplace. Together, we can provide customers and partners with a multi-tenant BPM and case management solution with cloud and hybrid deployment options, as well as support ISVs and MSPs looking to take solutions into their markets. The advanced BPM and PaaS technologies of Cordys, and the impressive resources, customer base, and global reach of OpenText make us the perfect team at the perfect time to take a leadership position in this expanding market."

Powerful Process Automation RoadmapThe Cordys acquisition, together with the purchase of ICCM Solutions (announced July 31, 2013), extends OpenText's existing BPM and case management offerings to meet the needs of the most demanding enterprise customers. Highlights of the broader process automation portfolio include:

  • The Cordys platform will be referred to as "OpenText Cordys" and will complement OpenText's existing BPM offerings.  
  • The existing BPM products will continue to be strategic offerings for on-premises solutions deployment, and will continue to receive product enhancements, full maintenance and support services, and professional services support in perpetuity.  
  • OpenText is planning to offer a unified user interface across its core on-premises BPM systems so that users can easily and uniformly access work items across multiple process engines.
  • ICCM's Assure remains the solution for customers wanting to build smart process applications in-house, and also as the foundation for OpenText's packaged smart process applications offerings. OpenText Assure runs today on top of the OpenText MBPM platform and it will also be ported to the OpenText Cordys platform to give customers the flexibility to deploy their smart process applications in the cloud or on-premises.

The transaction is now complete and the approximate purchase price was $33 million USD.

For more information, please contact your OpenText sales representative at BPMSales@OpenText.com.

As one of the five foundational pillars of  OpenText's Enterprise Information Management (EIM) strategy, OpenText Business Process Management (BPM) solutions deliver improved business insight, higher process velocity, and greater business impact through strategic planning, automation, and optimization of business processes. Our process and case management solutions empower employees to work more efficiently, improve the orchestration of complex processes, and outperform their business goals with real-time business insight. For further information on OpenText Business Process Management (BPM) and process applications, including cloud, on-premise and hybrid approaches:

To learn more about OpenText EIM:

About OpenTextOpenText provides Enterprise Information Management software that enables companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.

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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