Open Text acquires StreamServe

Open Text has acquired a platform for document assembly and delivery that is tightly integrated with SAP, after purchasing StreamServe for $US71 million.

Open Text says the acquisition will add complementary document output and customer communication management software to its ECM Suite.

StreamServe's software provides for automated creation of documents through rules-based dynamic assembly able to be presented on paper or electronically.

It integrates with ERP and supply-chain systems and applications, including SAP. Open Text and SAP have a 20-year partner relationship, and SAP resells a wide range of Open Text ECM solutions. Like Open Text, StreamServe has an established reseller partnership with SAP making it a natural fit with Open Text's SAP partner strategy.

"From both a technology and partnership standpoint, StreamServe is a complementary fit for Open Text," said John Shackleton, President and Chief Executive Officer of Open Text.

"StreamServe brings innovative new technology to the ECM Suite, offering products that automate and personalise customer communication processes, while integrating this functionality with key Open Text ECM solutions."

 

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