Mergers and Acquistions News
Categories: IT Services & Consulting
July 22nd 2009, 16:57PM
Canadian enterprise software firm Open Text has announced the acquisition of web content management company Vignette.
In a deal with an estimated value of $321 million (£195.8 million), each outstanding share of Vignette common stock was converted into the right to receive $8 in cash and 0.1447 shares of Open Text common stock.
John Shackleton, president and chief executive officer of Open Text, said the merger agreement will help his firm to meet the new demands of social and digital media as well as ever-growing user expectations for a personalised web experience.
"This is an important area of innovation for us going forward as we expand our ECM portfolio - Vignette will play a key role in this strategy," he commented.
The company recently announced the immediate availability of Open Text Web Solutions 10, which allows users to manage and deliver a range of corporate information to users over the internet.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)