Business software company Open Text acquires Irish company KineMatik

  • 24 August 2023
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OpenText CEO Mark Barrenechea speaks at the Open Government Partnership Global Summit, in Ottawa, on May 29, 2019.

 

 

Business software company Open Text Corp.

OTEX-T +2.26%increase
 
has acquired Ireland-based KineMatik, which specializes in business process and project management.

 

Financial terms of the deal were not disclosed and Open Text said Wednesday the purchase was not material to its financial results.

KineMatik helps with workflow automation, document change control, project management and electronic lab notebook solutions using Open Text’s content server.

It works with businesses in life science, technology, finance, energy and other industries.

Open Text CEO Mark Barrenechea says KineMatik helps enterprise customers in regulated industries meet the highest standards in business process and project management.

Barrenechea says Open Text looks forward to bringing the KineMatik solution to its content management customers.

 

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More info here!

 

OpenText Buys KineMatik

 

WATERLOO, ON, Aug. 23, 2023 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the addition of automated Business Process and Project Management Solutions to the OpenText Content business through the acquisition of KineMatik.  

Based in Cork, Ireland, KineMatik provides workflow automation, Document Change Control, Project Management and Electronic Lab Notebook (ELN) solutions built on OpenText's Content Server.

KineMatik works with leading organizations -- in life science, technology, finance, energy and other industries -- to create success in their digital and content services transformation by developing innovative and tailored automation solutions.

"Let me welcome KineMatik customers and employees to OpenText, and we look forward to bringing the KineMatik solution to our entire install base of content management customers," said OpenText CEO & CTO Mark J. Barrenechea.  "KineMatik helps enterprise customers in regulated industries meet the highest standards in business process and project management, a key component in Information Management."

The KineMatik purchase is not material to OpenText financial results.

 

https://www.prnewswire.com/news-releases/opentext-buys-kinematik-301908056.html

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