OpenText has strengthened its business process management (BPM) and case management portfolio with the acquisition of Cordys, a BPM vendor in the Netherlands, for US$ 33 million. It says the acquisition will position it as the biggest player in the BPM market.
This follows the announcement earlier this week that it has bought its long-term technology partner, ICCM, which builds process applications based on the OpenText platform.
OpenText’s Combined BPM, EIM Portfolio
However, even if the Cordys acquisition doesn't make it the biggest, the addition of Cordys and ICCM into OpenText’s existing enterprise information management (EIM) portfolio makes it an attractive proposition for enterprises that are looking to keep all their information management and business process technology under the umbrella of the same vendor.
This appears to be where OpenText is coming from with this buy. OpenText’s CEO, Mark J. Barrenechea, said the company’s vision has been built around the idea of creating IT environments where business process management and information management applications are integrated out-of-the-box.
If OpenText doesn’t have everything it needs to achieve this vision then it must be very close:
The acquisition of Cordys…means that we are now able to offer the broadest set of BPM technologies, including a 100% native cloud-based BPM platform and PaaS solution, cloud orchestration, integration ESB, rules engine, business activity monitoring, social and mobile interfaces, and an application development environment all from a single vendor and single platform,” he said.
He has also said in the past that where OpenText doesn’t have the elements that it needs, it will buy them, which means we may see similar acquisitions in the future.
What Cordys Offers OpenText
From Cordys, then, it gets Cordys’ Business Operations Platform. Built from the ground-up for the cloud, it provides a multi-tenant SOA based architecture that offers the possibility of on premises, cloud or hybrid deployments.
Cordys, though, is not a one-trick pony. It has a number of other technologies under its belt that many enterprises are looking for including a Composite Application Framework (CAF) for speedy application development, a process rules engine, analytics and business activity monitoring technology.
Another attraction is that its modular architecture means it can co-exist with OpenText systems, including its enterprise CMS, customer communications management software, and other third-party systems.
Cordys in the future will be known as OpenText Cordys and will complement OpenText’s existing BPM applications. Cordy’s products will continue to be offered as “strategic solutions”, and will receive full support and enhancements in the future.
In order to enable it to work in enterprises where OpenText is already present, OpenText plans to develop an interface that will enable users access to work items and processes no matter what process engine they are located on.