OPEN TEXT CORP acquired Metastorm Inc. for $182 million, a transaction completed in February 2011, structured as all cash.
Metastorm Inc. operates in Business Process Management, is based in Baltimore, Maryland, United States. Metastorm, based in Baltimore, Maryland, provided Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software that helps enterprises align their strategies with execution.
The acquisition of Metastorm is expected to add complementary technology and expertise that can be used to enhance our ECM solutions.
Entry into the BPM market with complementary technology and expertise. Open Text ECM
On February 18, 2011, we acquired Metastorm Inc. for $182 million. Based in Baltimore, Maryland, Metastorm provides Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software.Open Text FY11 10-K, Business description
Advisory firms were not disclosed for this transaction.