Open Text Acquires StreamServe

Nov 02, 2010

Open Text Corp. acquired StreamServe, Inc., which Open Text reports will supply the Open Text ECM Suite with complementary document output and customer communication management software. In addition, Open Text's reach will be extended in the Nordic market while also enhancing its SAP partnership. The transaction, subject to purchase price and holdback adjustments, was valued at approximately $71 million.

StreamServe specializes in enterprise communication products that allow organizations to process and deliver personalized documents in any paper or electronic format. Specifically, the company's products will enhance the Open Text ECM Suite by allowing the automation of business processes for business-to-business and business-to-customer markets, including financial services, the public sector, and telecommunications and utilities.