Open Text Completes Vignette Acquisition

Open Text (news, site) said it’s a done deal. The planned acquisition of all of the issued and outstanding shares of Vignette (worth approximately US$ 321 million) has been completed late yesterday following a shareholders’ meeting where the voting and approval took place.

While Vignette (news, site) is busy nostalgizing, Open Text says it’s working on the strategic aspects of what may come next. Let’s not forget that Open Text already has a WCM-centric group called Open Text Web Solutions. Offering an even broader range of (quite similar) products is going to take some brain activity. Then again, this would not be the first quilting exercise for Open Text.

In the meantime, there’s still some Vignette cash to recognize on OTEX’s balance sheet.

According to the “big brother,” support will continue for Vignette's products and (the relatively quickly decreasing) installed base (bringing in the licensing revenue). The same applies to existing Web Solutions products and customers. No comment has been made in regards to new(er) Vignette products.

There is a talk about a “combined product,” but no details on what it will be, except for providing a supersized meal of a “full set of feature options, from… fast-to-deploy web publishing application, to… enterprise-class e-business platform for large-scale deployments.”

Vignette's social media, DAM and personalized content seem to be some of the most palatable notes in this content management connoisseur combo. Open Text also expressed intent to potentially leverage some of Vignette’s components in its ECM Suite.

More details on the product strategy and the product roadmap are not likely to be announced earlier than October, when Open Text’s annual conference -- Content World 2009 – will take place.

Restructuring is expected. We should know more about the range of that initiative around the end of August.