Open Text: Why They Wanted to Buy Vignette
Posted: May 07, 2009
By: cmswire.com
Open Text (news, site) held their third quarter fiscal 2009 investor teleconference yesterday and as was expected there were lots of questions on the Vignette acquisition plans.
Open Text announced their plans to acquire Vignette (news, site) just yesterday morning. The reported deal size was about US$ 310 million — a tidy sum for a content management systems vendor that has been struggling a bit as of late, with software license revenue in steep decline. Here are some insights as to why the ECM Canadians fell for the WCM Texans…….[read entire article]
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