(26-Feb-10) The planned acquisition of Nstein Technologies Inc. will give Open Text Corp. semantec analytics technologies and a valuable customer base, both of which are quite compelling to the Waterloo, Ont.-based company, said one analyst.
"Nstein's core technology with semantec analytics features is new to Open Text and it could really benefit the company and in many ways, bringing Open Text back to its initial roots in the search field," said George Goodall, senior research analyst with London, Ont.-based Info-Tech Research Group Ltd.
Enterprise content management vendor Open Text announced its intention to acquire the Montreal-based digital content management vendor on Monday in a transaction valued at CD$35 million.
Goodall said, core technologies aside, Nstein's ancillary technologies in digital asset management (DAM) and Web content management (WCM) acquired in the last couple of years "will have a bit of a tenuous position" because Open Text already has numerous offerings in those areas from its own acquisitions. Open Text previously bought Vignette and Hummingbird for WCM, and Artesia and eMotion for DAM.