OpenText acquires Global 360
OpenText has announced that it has acquired Global 360 Holding Corporation, widely recognized for its process and case management solutions. OpenText reports the acquisition continues its expansion into the fast growing business process management (BPM) market, as well as new capabilities in dynamic case management.
The companies say the transaction purchase price is approximately $260 million subject to customary purchase price and holdback adjustments. Global 360 has generated approximately $90 million in trailing 12 months revenue and is profitable.
Earlier this year, OpenText also acquired Metastorm, a BPM provider with strong and complementary capabilities, including support for human-centric BPM. Metastorm also offers other solutions that complement Global 360, such as business process analysis and enterprise architecture software.