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OpenText Acquires Mobile App Deployment Software Maker weComm

March 8th, 2011 03:18 admin Leave a comment Go to comments

OpenText this morning announced that it has reached an agreement to acquire London-based weComm, which offers cross-platform mobile application deployment software. Terms of the deal were not disclosed.

According to OpenText CTO Eugene Roman, weComm’s technology supports the mobility strategy it debuted in 2010 with the introduction of OpenText Everywhere.

weComm’s WAVE software platform offers fast deployment of media rich applications for a wide range of mobile devices (more than 900), including smartphones and tablets such as the iPhone, iPad, Android, Blackberry, Windows Mobile, Symbian and Java devices.

For OpenText, the acquisition offers a way for the company to expand from Web experience management solutions and digital asset management software to mobile content creation, development and delivery.

The company just three weeks ago completed the acquisition of Metastorm, provides business process management software to government and commercial clients, which it purchased for $182 million.

The weComm deal is expected to close this quarter, subject to customary closing conditions. OpenText says the acquisition does not bring significant pre-existing revenues or profit, and that details will be disclosed in the OpenText next regular quarterly release.

WeComm was founded in 1999 and was backed by venture capital, although it’s unclear how much capital investors have pumped into the company throughout its existence.

Source: OpenText Acquires Mobile App Deployment Software Maker weComm

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