Open Text announced today plans to acquire fellow Canadian digital content management vendor, Nstein Technologies Inc. The deal, valued at approximately CND $35 million, is expected to close in the second calendar quarter.
“‘This agreement helps Nstein take its next major step into the future,’ said Luc Filiatreault, President and Chief Executive Officer of Nstein. ‘We’ve always been committed to delivering innovative solutions to our customers and partners. Our agreement with Open Text is in keeping with this commitment. Customers will benefit from an expanded ECM solutions portfolio, and a shared vision for innovative solutions going forward.'” [Read More]