Open Text Announces New ERP Product Plans, New Hires

Now that the acquisition of Captaris by Open Text is no longer an intention but a fact, what does the Enterprise CMS giant plan to do with this Washington-based provider of document management and delivery solutions?

Captaris Acquisition is Final

The merger was completed last week. Captaris is now a wholly-owned subsidiary of Open Text Inc. Shares of Captaris’ common stock, which prior to the merger traded on NASDAQ under CAPA, are in the process of being delisted from trading.

“With the merger now complete, we are in an excellent position to take advantage of the opportunities that lie before us as a combined company,” said John Shackleton, president and CEO at Open Text.

Captaris to Focus on ERP

Open Text has announced its initial product plans in regards to Captaris. Captaris has what it takes to strengthen Open Text’s position in the Enterprise CMS market by broadening the suite of solutions and playing a key role in integrations with SAP, Microsoft and Oracle — the three strategic partners of Open Text — and management of Enterprise Resource Planning (ERP)-related content.

Strategic Partnership with Microsoft

Speaking of one of Open Text's strategic partners, Microsoft, Captaris will be leveraged in document processing for Microsoft. This is the time to use the newest product that automatically exposes the contents of scanned documents in Microsoft Office SharePoint Server to search engines, making them easier to locate for business processes or eDiscovery.

Like Open Text, Captaris is a Microsoft Gold-Certified Partner.

Captaris’ Strengths and Features

Captaris' document capture solutions provide an “on ramp” for ECM by converting paper documents arriving by mail or fax to electronic form, so they can be managed online. Captaris offers powerful capture technology that uses imaging, scanning and recognition technologies, plus classification and routing software that complements Open Text's solutions.

Captaris' software allows organizations to automate the process of inputting information from thousands of paper documents and eliminate the inevitable human errors and confidentiality issues involved when paper-based data has to be entered by hand.

With several references to today’s economy, Shackleton also mentioned that this combined effort will allow customers to make more cost-efficient decisions by utilizing the end-to-end management of content for customers' SAP or Oracle systems.

While somewhat vague, this promise should certainly bring smiles to CPA’s faces, for example, who can potentially enjoy the boosted productivity and lowered costs, when it comes to such activities as handling of problem invoices, reducing processing times and allowing companies to better leverage on-time payment discounts.

Captaris’ Human Resources

By purchasing Captaris, Open Text has also inherited some headcount to contribute to Open Text's expertise in complex business processes in large organizations. “Captaris' knowledgeable team of professionals is clearly an asset. Customers who choose Open Text value our broad expertise and our singular focus on ECM,” said Shackleton.

Open Text Announces New ERP Product Plans, New Hires

\n\nNow that the acquisition of Captaris by Open Text is no longer an intention but a fact, what does the Enterprise CMS giant plan to do with this Washington-based provider of document management and delivery solutions?

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