OpenText Acquires Resonate Knowledge Technologies
Provides industry leading ECM user experience, content visualization, reporting and industry application development platform
WATERLOO, ON, March 6, 2013 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced it has acquired Resonate Knowledge Technologies (Resonate KT), a leading provider of software that enables organizations to visualize unstructured data, create new user experiences for Enterprise Content Management (ECM) and xECM for SAP, as well as build industry based applications that maximize unstructured data residing within Content Server, a key component of the OpenText ECM suite.
OpenText ECM customers can gain a simple, flexible user experience, a powerful reporting engine, and a development platform that provides a competitive advantage over other ECM vendors and platform technologies. Resonate KT products are used by more than 500 OpenText customers in 20 countries. Key products from Resonate KT include WebReports, WebReports Extensions for Workflow, ActiveView, and ActiveView Mobile. Resonate KT products will remain part of the rich suite of extensions available to enhance ECM and xECM for SAP.
Resonate KT's software makes ECM easy by providing a superior out of the box OpenText ECM user experience and a developer platform for customers to build their own applications. Customers using ECM solutions from OpenText will benefit from reduced time and complexity of their deployments, accelerated user adoption, and powerful reporting and content visualization on desktop, web and mobile devices.
"OpenText customers will be able to easily visualize their information, build applications, extract information and drive faster adoption of EIM through the use of Resonate KT software," said OpenText CEO Mark J. Barrenechea. "I was impressed with Resonate KT's software the first time I saw it. Resonate KT's products are deeply integrated into OpenText Content Server, which will help customers gain great value. We welcome Resonate KT's staff and customers to OpenText."
"While organizations rely on their data and business content to make the right decisions in a timely manner, access is often difficult. As a long-standing partner of OpenText, we are passionate about providing global clients the ability to bring together their data and business content, within the context of their business processes," said Greg Petti, senior director of product technology, Resonate Knowledge Technologies. "By becoming an integral part of OpenText, we will offer a wider scope of customers the ability to bring together structured data, documents, forms, emails, workflows within contextual, real time views and dashboards that are simply not available elsewhere. We are thrilled by becoming a part of the world's leading provider of EIM solutions."
OpenText ECM software, one of the five foundational pillars of OpenText's Enterprise Information Management (EIM) strategy, unites records management, archiving, search and eDiscovery to minimize organizational risk and cost, and maximize business insight and efficiency. From information capture, to classification, management, storage, distribution, archiving, and disposition, Enterprise Content Management software manages the flow of information across the organization. Fast and seamless access from multiple environments—web, desktop, mobile, within business processes and applications—improves user productivity and organizational efficiency while addressing the organizational requirements for information governance and security.
To learn more about OpenText EIM:
- Read the blog of Mark Barrenechea, OpenText's CEO
- Visit the OpenText EIM Resource Center, where you can review the latest customer videos, whitepapers and more
- Come meet with us in person at our upcoming OpenText EIM Days
Follow OpenText on Twitter @opentext and on Facebook at http://www.facebook.com/opentext
About Resonate Knowledge Technologies
Resonate KT is the developer behind the leading WebReport and ActiveView frameworks for OpenText™ Content Server. These solutions uniquely streamline business processes, providing role-based information in the form of management dashboards, integrated reports and process driven applications that aid user adoption and deliver business value. To learn more about Resonate KT, please visit: http://www.resonatekt.com/.
OpenText 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.
Details of the transaction, which closed today, were not disclosed.
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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