OPEN TEXT CORP acquires Metastorm Inc.
The deal at a glance
OPEN TEXT CORP acquired Metastorm Inc. for $182 million, a transaction completed in February 2011, structured as all cash.
Metastorm Inc. operates in Business Process Management, is based in Baltimore, Maryland, United States. Metastorm, based in Baltimore, Maryland, provided Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software that helps enterprises align their strategies with execution.
The acquisition of Metastorm is expected to add complementary technology and expertise that can be used to enhance our ECM solutions.
Entry into the BPM market with complementary technology and expertise. Open Text ECM
No advisory firms have been disclosed for this transaction.