OpenText boosts BPM/case management with Cordys acquisition
OpenText has acquired business process management (BPM) provider Cordys, in a move it says will give customers comprehensive enterprise information management and BPM solutions from a single vendor. OpenText says the addition of Cordys allows it to leverage indirect market channels such as ISVs, SIs and MSPs.
The Cordys BOP (Business Operations Platform) was built from the ground up for the cloud and features a multi-tenant SOA-based architecture with cloud orchestration capabilities to give OpenText customers the ability to choose from on-premises, cloud or hybrid deployment for optimal systems performance and efficiency.
OpenText says the Cordys platform will provide its customers with a robust platform suitable for all types of process and case-oriented workloads from a single system, and its highly modular architecture supports co-existence with other BPM systems, enterprise content management and customer experience management products, as well as third-party systems.
OpenText adds the Cordys acquisition, together with the purchase of ICCM Solutions extends OpenText's existing BPM and case management offerings to meet the needs of enterprise customers.
Highlights of the broader process automation portfolio include: the Cordys platform will be referred to as "OpenText Cordys" and will complement OpenText's existing BPM offerings; the existing BPM products will continue to be strategic offerings for on-premises solutions deployment, and will continue to receive product enhancements, full maintenance and support services, and professional services support in perpetuity; and OpenText is planning to offer a unified user interface across its core on-premises BPM systems so that users can easily and uniformly access work items across multiple process engines.The transaction is now complete and the approximate purchase price was $33 million USD.