With weComm, OpenText Enters a High-Growth Market to Help Companies Deliver Mobile Apps For Any Device to Reach Their Customers, Consumers
WATERLOO, ON and LONDON, UK, March 8 - OpenText(TM) (NASDAQ: OTEX,
TSX: OTC) announced today it has reached an agreement to acquire London-based weComm, a deal that will propel OpenText forward in a fast-growing segment of the mobility market. weComm's leading technology will facilitate OpenText delivering a strategic platform to companies which will help them provide rich, immersive mobile apps cost-effectively across the multitude of mobile operating systems and devices to reach their customers, consumers or partners.
"As mobile devices are changing the consumer landscape, more enterprise customers are moving to mobile apps to reach everyone from customers to employees," said Eugene Roman, Chief Technology Officer at OpenText. "This advanced technology allows our customers to rapidly deliver highly functional apps on all types of devices economically, giving them an enormous edge over their competitors both in efficiency and time to market." According to Roman, weComm will enable OpenText to accelerate the mobility strategy it launched in 2010 with the introduction of OpenText Everywhere.
Founded in 1999 and serving major customers today, weComm is a pioneer
of the mobile application industry. The company's innovative software
platform offers fast, low-cost deployment of high-quality, media rich
applications for all leading mobile devices, including smartphones and
tablets -- iPhone, iPad, Android, Blackberry, Windows Mobile, Symbian,
Java -- more than 900 devices in all.
Because weComm's WAVE platform is technology agnostic, it helps solve
the biggest problem corporate customers, government organizations and
app creators have today: The dilemma of whether to select a single
platform for app delivery or to incur the high cost of porting,
deploying, updating and maintaining apps across the entire landscape of
devices. Without such technology, inclusivity comes at a very high
price in the mobile app world.
"weComm's device-independent platform adds real value over the other
options our enterprise customers have today," said Roman. "weComm
offers exciting leading-edge technology and a great new opportunity for
OpenText. It's a logical fit for our major brand-name customers, in
banking, retail, media and entertainment and other markets no matter
what type of content application they use."
A Natural Move
The move into mobile apps is a natural one for OpenText which today is a
leading provider of Web experience management solutions and digital
asset management software. Adding a powerful platform for mobile apps
gives OpenText a full array of capabilities to meet the evolving needs
of enterprise CMOs. The next iteration of Web experience management
systems requires mobile content creation, development and delivery. The
combination of its existing customer engagement offerings and the
weComm WAVE platform puts OpenText in pole position, ahead of other
Enterprise Content Management vendors in the battle for the Mobile
Enterprise Application Platform market.
weComm also strengthens OpenText Everywhere's position in mobile ECM by
providing enterprises with the ability to create, deliver, and maintain
mobile applications to their employees for all mobile operating
systems. OpenText Everywhere provides pre-packaged mobile applications
for the OpenText ECM Suite focused on collaboration, document
management and workflows. With weComm, OpenText can also offer mobile
applications and solutions in a compliance-based environment, requiring
security and policy controls as well as develop and deliver content
based mobile applications that may be consumed by anyone.
weComm, OpenText Agreement
Details of the transaction were not disclosed. The transaction is
expected to close this quarter, subject to customary closing
conditions. The acquisition does not bring significant pre-existing
revenues or profit. Details will be disclosed in the OpenText next
regular quarterly release.
For more information on OpenText Everywhere, go to: OpenText Everywhere.
For more information about weComm, go to www.weComm.com
Follow OpenText on Twitter @opentext.
About OpenText
OpenText, a global ECM leader, helps organizations manage and gain the
true value of their business content. OpenText brings two decades of
expertise supporting 100 million users in 114 countries. Working with
our customers and partners, we bring together leading Content Experts(TM)
to help organizations capture and preserve corporate memory, increase
brand equity, automate processes, mitigate risk, manage compliance and
improve competitiveness. For more information, visit www.opentext.com.
SOURCE Open Text Corporation
CONTACT: PR Contacts:
Richard Maganini
OpenText
+1-847-961-0662
rmaganin@opentext.com
Peter Gorman
OpenText
+1 781-761-6659
pgorman@opentext.com