OpenText Announces Addition Of Automated Business Process And Project Management Solutions To The OpenText Content Business Through The Acquisition Of KineMatik; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
OpenText (NASDAQ:OTEX) has announced the acquisition of KineMatik, a company that provides workflow automation, Document Change Control, Project Management and Electronic Lab Notebook (ELN) solutions. The acquisition will add automated Business Process and Project Management Solutions to the OpenText Content business. The financial terms of the deal were not disclosed.
August 23, 2023 | 1:05 pm
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OpenText's acquisition of KineMatik could potentially enhance its content business by adding automated Business Process and Project Management Solutions. However, the financial impact of the deal is not expected to be material.
The acquisition of KineMatik by OpenText is expected to enhance its content business by adding automated Business Process and Project Management Solutions. However, the company has stated that the purchase is not material to its financial results, indicating that the financial impact of the deal is not expected to be significant.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100