Just two weeks ago, Open Text picked up StreamServe, a document output management company. Real Story Group's Alan Pelz-Sharpe explained that the move was consistent with some of the company's previous purchases. That is, "the pattern of buying firms with complementary functionality, in this case dynamic publishing, to LiveLink and that can provide accretive growth to the firm."

Open Text believes it gives the company entree in the European market, and it makes sense because like OpenText, StreamServe has partnership ties to SAP. 

Open Text had another notable acquisition in 2010, with the February purchase of digital asset management and text-mining vendor NStein for $34 million. NStein had some valuable technology and tools, but Open Text already owned two DAM solutions: Artesia and its eMotion.

At the time, analyst Seth Gottlieb, said this was predictable behavior for Open Text. He took to Twitter to criticize the move, saying: "Open Text is in the business of buying and then bleeding software products to death." While this is an understandable view, Open Text did fold some of NStein's semantic search technology into its extensive ECM platform of products.

Related Articles:
Open Text snags Nstein 
Open Text buys StreamServe