OpenText buys Cordys to expand BPM and Case Management
OpenText has acquired Dutch cloud-based Business Process Management (BPM) vendor Cordys for $US33M.
OpenText CEO Mark J. Barrenechea said, "The acquisition of Cordys will enable OpenText to offer the strongest process and case management platform in the business. It means that we are now able to offer the broadest set of BPM technologies, including a 100% native cloud-based BPM platform and PaaS solution, cloud orchestration, integration ESB, rules engine, business activity monitoring, social and mobile interfaces, and an application development environment all from a single vendor and single platform."
The Cordys BOP (Business Operations Platform) was built from the ground up for the cloud, and features a multi-tenant SOA-based architecture.
Other technologies acquired through Cordys include an enterprise service bus (ESB); a composite application framework (CAF) for rapid application development which includes mash-up and mobile interfaces; a process rules engine; process analytics and business activity monitoring (BAM); and master data management functionality.
"We are very excited to be part of the OpenText family," said Art Landro, Chief Executive Officer of Cordys. "Our products will add exceptional value to their EIM suite of solutions, and will position OpenText as the leader in the cloud and PaaS marketplace. Together, we can provide customers and partners with a multi-tenant BPM and case management solution with cloud and hybrid deployment options, as well as support ISVs and MSPs looking to take solutions into their markets."
The Cordys platform will be referred to as "OpenText Cordys" andOpenText will continue to offer existing BPM offerings on-premise.