OpenText to acquire Metastorm

OpenText has entered into an agreement and plan of merger to acquire Metastorm through a merger of Metastorm with a subsidiary of OpenText.

Based in Baltimore, MD, Metastorm is a provider of business process management (BPM), business process analysis (BPA) and enterprise architecture (EA) software for aligning strategy with execution.

Based on the terms of the agreement, Metastorm stockholders will receive $182 million in cash, subject to a customary indemnification holdback. Stockholders representing a majority of the ownership of Metastorm have signed conditional agreements in support of the transaction.