Hummingbird Ltd. is on the hunt for acquisitions to build its electronic content management software business, a competitive response to rival Open Text Corp.'s recent deal-making in Europe.
“Hummingbird will acquire during this year, no doubt, some companies. And they may be some sizable companies. I am always watching for companies that will give me growth,” said Fred Sorkin, company chairman and chief executive officer.
The ECM market is the fastest-growing software sector today thanks to a wave of corporate spending aimed at boosting productivity and the need for companies to better track data as a result of a stringent regulatory environment. Global sales of ECM software are expected to top $10-billion this year. Read the article