OpenText buys Actuate
- 19 January, 2015 10:29
OpenText has acquired Actuate Corporation.
The Canadian-based enterprise information management (EIM) company said the acquisition brings personalised analytics capability to its existing product offerings.
The acquisition was completed by the firm’s wholly-owned subsidiary Asteroid Acquisition Corporation.
The announcement comes just over a month after OpenText released a new executive lineup .
OpenText said its customers will benefit via added analytics capabilities to existing deployments and a new breed of analytics to provide insight across the business.
OpenText president and chief executive, Mark J. Barrenechea, said the firm is committed to leading the EIM market and the acquisition reflects this.
“Actuate is a market leading provider of analytics, visualisation and Big Data insights, with 20 years of experience enabling large enterprises, the embedded markets, and the developer. It is an honour to welcome Actuate customers, employees and partners to OpenText.”
The firm said the Actuate portfolio will be integrated into OpenText and its products, reducing total cost of ownership for customers.