Open Text Corporation said that the completion of its acquisition of Hummingbird solidifies its position as the world's largest independent provider of enterprise content management (ECM) software. Under the Open Text name, the company combines the ECM expertise, the solutions and the partners to help customers solve the problems of managing information in large organizations.
Open Text is beginning to integrate the companies immediately but will release details of its integration plans within the next two weeks. Two key decisions have been made with the close: Hummingbird's RedDot Solutions will be maintained as part of a comprehensive Web content management strategy that will be unveiled next week. And Hummingbird Connectivity will continue as a distinct business focused on delivering its market-leading services. Open Text also said that it will introduce several new product initiatives over the next few weeks and a product roadmap in November.
Open Text's ECM solutions expertise and strong partnerships are central to its strategy going forward. The combined company offers an expanded portfolio of solutions aimed at a wide range of vertical markets, including legal, financial services, energy, pharmaceuticals, retail, manufacturing, and media and entertainment. And Open Text is now one of the leading providers of ECM solutions to governments, with a large presence in the U.S., Canada, Germany and Australia. The focus on solutions is paired with strategic relationships Open Text has built over the last year with Microsoft, Oracle and SAP. Open Text is uniquely positioned to create ECM solutions that extend the capabilities offered by all three major enterprise software companies.
Some immediate changes underway after the close include a rebranding initiative. Hummingbird will now operate under the Open Text name and the Hummingbird Enterprise product suite will be rebranded under the name Livelink ECM - eDocs. More information on the rebranding can be found at http://opentext.com/2/sol-products/sol-pro-edocs-products2.htm. The RedDot Solutions and Hummingbird Connectivity names will not change.
Open Text also announced that Hummingbird Chairman Fred Sorkin and Chief Executive Officer Barry Litwin have left the combined company.
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