Open Text gobbles up Captaris

Open Text, which has itself been the subject of recent acquisition rumors [1], made yet another purchase last week, this time scooping up Captaris, the fax software and document capture technology company. By most accounts, this is a good match for Open Text because it fills in a gap in its portfolio around capture technology. However, some, including Alan Peltz-Sharpe, an analyst at CMS Watch question whether the purchase may be more than Open Text bargained for because the networking fax software piece may involve lots of maintenance and upgrades.

Open Text is based in Canada and offers a content management solution that includes many components acquired over the years, so they have plenty of experience pulling together seemingly disparate pieces and folding them into the Open Text family. They will, in all likelihood, do the same here, Peltz-Sharpe's reservations not withstanding. At $131 million, it's a relatively modest investment by computer technology company standards, and provides them with a missing service. Sounds like a reasonable deal.

For more:
- read more in the CMS Watch post [2]

Related Article:
Open Text to buy Capatris in OCR battle [3]