Enterprise Content Management (ECM) provider OpenText has signed an agreement to acquire BPM vendor Metastorm Inc. for $182 million in cash, subject to a number of closing conditions. The deal was announced by OpenText and Internet Capital Group Inc, the latter a holder of a large equity stake in Metastorm.
Over the years, OpenText has evolved from its search technology roots to become a leading ECM player. In recent years it has acquired Hummingbird Ltd., Vignette, Spicer Corp., eMotion LLC and others. The Metastorm merger bolsters process support for OpenText's ECM line, according to a viewer.
For its part, Metastorm assembled a unique portfolio of enterprise software that included BPM, enterprise architecture, business process analysis and process data collection components. The company pulled back from a planned public offering in the face of the credit crisis of 2008. A recent initiative saw Metastorm position its BPM modeling technology for use in
Adding further process capabilities to its content offering is important for OpenText, according to Sandy Kemsley, independent consultant. "OpenText has been about content. Getting into the process side of things is important," she said.
"No one is doing content these days without doing process as well. When people move to case management, they need process," she continued, referring to emerging software suites aimed at handling exceptions to established workflow processes.
Taken from another perspective, said Kemsley, another pure-play BPM vendor has left the pure-play ranks.
"MetaStorm was one of the few remaining pure play BPM vendors out there. That market is fast disappearing," she said, pointing to significant consolidation in 2010 with IBM's purchase of Lombardi and Progress's purchase of Savvion.