Open Text Corporation
, a provider of enterprise content management capabilities, and Nstein Technologies Inc
., a major player in digital content management solutions for information-rich organizations, have entered into a definitive agreement by which Open Text will acquire all of the issued and outstanding common shares of Nstein.
Based in Montreal, Nstein’s solutions are sold across major market segments, such as media and information services, life sciences and government.
According to Open Text president CEO John Shackleton, Nstein will extend the breadth of Open Text’s ECM offerings and further Open Text’s position as the leading independent ECM vendor in the marketplace.
“This is a good fit for two strong Canadian companies,” said Shackleton. He said that with Nstein, the company has an opportunity to continue to grow as Canada’s largest software company, expanding Open Text’s presence in Quebec.
Shackleton added that Nstein will also add complementary technology and expertise that enhances the company’s ECM solutions portfolio.
“This agreement helps Nstein take its next major step into the future,” said Luc Filiatreault, president and CEO of Nstein.
Filiatreault said that the company has always been committed to delivering innovative solutions to the customers and partners.
“Our agreement with Open Text is in keeping with this commitment. Customers will benefit from an expanded ECM solutions portfolio, and a shared vision for innovative solutions going forward,” he said.
Recently SAP AG
and Open Text had announced
the third major expansion of an already successful strategic relationship to include Open Text Digital Asset Management (DAM), a key component of the Open Text ECM Suite and a part of marketing resource management (MRM) and intellectual property management (IPM) capabilities of the SAP (News
) Customer Relationship Management (SAP CRM) application.
Through a new global agreement, SAP will resell the enterprise DAM solution from Open Text under the name the SAP Digital Asset Management application by Open Text.