OpenText acquires Cordys

|About: Open Text Corporation (OTEX)|By:, SA News Editor

OpenText (OTEX +0.2%) buys Cordys, a Dutch business process management software (BPM) company. The acquisition will allow OpenText to add " a 100% native cloud-based BPM platform and PaaS solution" to its product offerings.

The Canadian enterprise information management software developer has expanded through a string of acquisitions. It purchased MetaStorm for $182M and Global 360 for $260M in 2011, EasyLink for $310M in 2012, and a slew of other companies in the last 5 years.