Open Text Acquires Vista Plus Product Suite from Quest Software

Sep 03, 2004

Open Text Corporation, a provider of enterprise content management (ECM) solutions, has signed a definitive agreement to acquire the Vista Plus suite of products and related assets from Quest Software Inc. Vista Plus captures and stores business information from packaged applications like Oracle E-Business Suite, PeopleSoft, and mySAP as well as custom and mainframe legacy environments. The acquisition expands Open Text's integration and report management capabilities as part of its ECM suite. Vista is designed to provide a strong platform from which to address report content found in ERP applications, and business intelligence (BI) software from Cognos, Business Objects, Crystal Reports, and others.

Vista Plus' integration with SAP R/3, PeopleSoft, and Oracle Applications is intended to provide value for automating and tracking the delivery of reports and documents to physical destinations like printers and fax servers, as well and electronic delivery to end users. The Vista Plus Suite consists of three components, an output manager, electronic forms server, and a scalable central repository. Together they control and deliver business output to users via multiple delivery channels.

The transaction is expected to close in September 2004. The product acquisition is structured as a cash asset purchase and the purchase price is approximately $24 million. As part of the transaction, Quest employees that developed, sold, and supported the Vista Plus Suite will also become a part of Open Text.