Open Text to acquire Artesia
The planned buy is only the latest shakeup in the market for content management products.
Open Text's products are designed to help companies store and access corporate documents on a central server, and to help workers collaborate. The acquisition of privately owned Artesia will help Open Text expand its media integration and management capabilities, Open Text said.
Financial terms of the deal were not announced, but Open Text said the close of the transaction is imminent. The acquisition will not affect Open Text's financial results or operations, the company said.
The content management industry has witnessed some action in the past year. Storage giant EMC last year decided to acquire Documentum in a $1.7 billion deal, Open Text acquired Germany?s IXOS last October, and earlier this year, software maker Stellent bought content management company Optika.
OpenText said Artesia, based in Rockville, Md., counts 120 companies as its customers. Its tools are designed to help businesses with brand asset management, distribution asset management and rich digital media asset management.
"Rich media makes up a large and increasing portion of the intellectual capital of world-leading businesses," Tom Jenkins, Open Text CEO, said in a statement. "Combined with Open Text solutions, Artesia Technologies will help enhance the comprehensive solutions we offer to companies challenged by next-level compliance requirements in many industries."