WebinarsResearchIMPACT AwardsEvents CalendarPodcastsEditorial CalendarAdvertising
Feature

Open Text Enters Agreement to Buy Vignette Enterprise CMS

Barb Mosher Zinck avatar
By
May 6, 2009
Enterprise CMS
SAVED

Open Text to Buy Vignette
Everyone said that the Interwoven/Autonomy deal would only be the first in a series of big announcements within the enterprise content management world. And that it is.

Today, Canadian-based enterprise content management vendor Open Text (news, site) has reached a deal to buy Vignette Corporation (news, site) for US$ 310 million.

Vignette is expected to become a wholly owned subsidiary of Open Text. The deal will see Vignette stockholders get US$ 8 per share plus 0.1447 of Open Text stock.

The deal is expected to close the second half of this year. The news saw Open Text shares fall by 85 cents. Vignette's shares however soared US$ 3.32 -- a sign that shareholders see this as good news for the struggling enterprise content management firm.

"Vignette's customers represent some of the world's most powerful online brands and we are excited about the opportunity to expand the relationship with these customers and partners," Open Text Chief Executive John Shackleton said in a statement.

We are waiting on more details. When we get them, we'll be sure to pass them on.

About the Author
Barb Mosher Zinck

Barb worked for CMSWire from November 2007 through October 2013. She has over 10 years’ experience as an IT solutions architect focusing on content management and enterprise collaboration. Connect with Barb Mosher Zinck:

Tags
opentextacquisitionsautonomy interwovenenterprise cmsindustry newsvignettemergers and acquisitions
Featured Research
Featured research
Guide
The Enterprise Playbook for Scalable, Secure Multilingual Voice Support
Serve 25+ languages, slash support costs and ditch the robotic voice
Read now
Featured research
Guide
AI for Marketing: a Practical Guide to Getting Started
The perfect tool for marketing leaders who want to start smart and scale confidently
Read now
Featured research
Guide
The Software Industry’s Guide to Collecting Customer Feedback
See how top brands gather and apply insights to improve products, loyalty and revenue
Read now
Featured research
Guide
The Tech Leader’s Guide to Automating and Integrating Customer Feedback
Cut your response times in half by connecting the tools you trust
Read now
Featured research
Research Report
Make Martech Work: How to Find the Right Service Partner
Half your martech budget goes to partners. This eBook helps make sure it’s not wasted.
Read now
Featured research
Research Report
Modernize Smarter: Your Martech Stack Is Holding You Back
53% of marketers say their tech isn't fit-for-purpose. This report shows how to fix it.
Read now
Featured research
Research Report
How to Automate Outcomes with AI That Actually Delivers
Discover how leading CX teams are really using agentic AI, copilots and unified platforms to solve customer problems faster and cheaper
Read now
Featured research
Research Report
Get Better at ROI Projections for GenAI in Customer Service
Build a smarter AI roadmap with proven, practical use cases ranked by impact and readiness
Read now
Featured research
Guide
The Ultimate CMS Buyer’s Guide | 8 Features That Matter for Digital Teams
How to pick a platform that actually keeps up with your content, your team and your customers
Read now
Featured research
Guide
Turn Customer Feedback into Your Finserve Advantage
Because even the best CX strategy falls flat without follow-through
Read now
Featured research
White Paper
The CX Wake-Up Call Financial Institutions Can’t Afford to Miss
Because “going digital” isn’t the same as delivering a great experience
Read now
Featured research
White Paper
Fixing CX Starts with First Contact
How improving First Contact Resolution can reshape the customer experience, elevate your brand and reduce costly second interactions
Read now