Canada-based OpenText, an information management platform, announced on Thursday that it has acquired Ireland-based KineMatik to add automated business processes and project management solutions to its OpenText Content business.
The financial details of the acquisition has not been disclosed.
“Let me welcome KineMatik customers and employees to OpenText, and we look forward to bringing the KineMatik solution to our entire install base of content management customers,” says OpenText CEO & CTO Mark J. Barrenechea.
KineMatik offers Workflow Automation, Document Change Control, Project Management, and Electronic Lab Notebook (ELN) solutions. These solutions are built on OpenText’s Content Server.
KineMatik works with leading organisations in life science, technology, finance, energy and other industries looking to transform their digital and content services. It helps them achieve this by developing innovative and tailored automation solutions.
“KineMatik helps enterprise customers in regulated industries meet the highest standards in business process and project management, a key component in Information Management,” Barrenechea said.
KineMatik’s customers include Abbott, TechnipFMC, ZOLL, Wells Fargo and Canadian Nuclear Laboratories.
OpenText is a Canada-based software company headquartered in Waterloo, Ontario. The company was established in 1991 as OpenText Corporation.
It is the fourth-largest software company in Canada, according to Investopedia. OpenText was recognised as one of Canada’s top 100 employers in 2016 by Mediacorp Canada Inc.
As of August 2023, the company employs 24,100 people worldwide. It is a publicly-traded company listed on the Toronto Stock Exchange.
OpenText has multiple software applications that help large companies, government agencies and professional service firms. These applications provide solutions for content management, data governance, risk management and mobile and online experience management.
The company also helps organisations gain insights through information management solutions powered by OpenText’s Cloud Editions, established in April 2020.
OpenText has strategic partnerships with several leading technology companies, including SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises and Tata Consultancy Services.
Earlier this year, OpenText acquired Micro Focus International Plc, a struggling UK software firm, for about $6B, including debt.
Micro Focus is a software company that sells enterprise software to thousands of organisations, including Airbus SE, Hewlett Packard Enterprise Co. and Kellogg Co. Its products help companies with cybersecurity, IT operations management, communications and messaging.