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Wednesday, April 20, 2016

OpenText obtains HP customer experience written content management for $170 trillion

OpenText, the Canadian content operations company, announced today who's was buying much in the customer experience content operations business from HP Inc, the individual printer business that emerged following HP split last calendar year.

The deal was for approximately $170 million, according to your statement released by OpenText. What’s more OpenText expects the assets to get between $85 million and $95 million inside first year, meaning the corporation could break even after a couple of years if those figures are generally accurate.

It was quite a bargain the fact that that SiteCore recently sold a number stake in its content management for over the billion dollars to an individual equity firm.

The package of solutions sold to OpenText today are derived from the HP Engage range and includes HP TeamSite, a information management tool left over through the purchase of Interwoven (which ended up being actually bought by Autonomy ahead of Autonomy was sold for you to HP), HP MediaBin, searching for asset management solution, HORSEPOWER Qfiniti, a workforce seo solution for enterprise speak to center management, as effectively as HP Explore, HORSEPOWER Aurasma, and HP Optimost.

Interestingly these pieces weren’t in the HPE part of the corporation during the split, where it will have made more impression. Perhaps that’s because HPI that will sell these pieces most along, says Scott Liewehr, major at Digital Clarity Class.

“Why pair it using printers? In our watch at DCG, we assumed this supposed they’d be selling it off after they could find a new buyer. It’s been pretty general public knowledge that HP has brought buyer’s remorse from the Interwoven acquisition for quite some time, ” Liewehr said.

Tony adamowicz Byrne, principal at True Story Group, consultancy that will follows content management placed deal into perspective in his company blog:

It is important to understand, though, is that as a vendor OpenText is often a financial construct seeking a technology rationale. The corporation follows a “roll-up” tactic: purchasing older tools because of their maintenance revenue streams, streams which - although it is not always large - happen to be very profitable.

Liewehr agreed with that will assessment adding that OpenText sees this in their Enterprise Information Operations (EIM) strategy. Meet the old enterprise content management in a very new guise.

“If you followed the story they told yesterday in Boston at his or her launch of Release 07, [OpenText CEO] Mark Barrenechea clearly believes that EIM will be the next ERP, and who's should absolutely be one particular stack. With TeamSite [and the rest of the assets in this] order, they now have a large number of more customers to call on and sell that story to. In spite of this, none of this is basically EIM per se. In case your customer was on TeamSite, they’re probable large, complex, and vine ripened for EIM from OpenText, ” they said.

Aurasma is truly an augmented reality part, but it’s not clear if that's throw-in or if OpenText will go about doing anything with it aside from spin it off as well as kill it.

Techsourcenetwork