OpenText, a global leader in Enterprise Information Management (EIM), today announced that it has closed its previously announced acquisition of Recommind, Inc., a leading provider of eDiscovery and information analytics. Recommind’s SaaS and managed services solutions deliver insight from unstructured data to help people make better, faster business decisions.
Complementing OpenText’s own leading EIM solutions, Recommind’s platform and solution suite include eDiscovery and analytics to provide increased visibility into structured and unstructured data. Through the acquisition, OpenText customers will benefit from Recommind’s analytics solutions for eDiscovery, investigations, contract analysis, and information governance including Decisive Search, Perceptiv and Axcelerate.
“Unlocking the value of Enterprise Information requires finding, analyzing and making sense of these large volumes of information,” said Mark J. Barrenechea, OpenText CEO and CTO. “Recommind information analytics can be used to solve problems at a scale not previously feasible without machine learning and is expected to be a critical component of the OpenText EIM strategy. With its technology, talent and market opportunity, Recommind offers an extraordinary opportunity and we are pleased to welcome them to OpenText.”
As a leader in the development of best practices in the areas of eDiscovery and information analytics, Recommind is trusted by successful corporations, premier law firms and key regulatory agencies around the world. Information is the lifeblood of these organizations and Recommind delivers breakthrough software applications that harness the power of this information in order to solve concrete business problems.
The OpenText EIM strategy enables organizations to discover and manage information to spur growth and innovation and decrease time to competitive advantage. The OpenText EIM strategy consists of comprehensive and integrated solutions including Content Suite, Process Suite, Experience Suite, Discovery Suite, Business Network and Analytics.
OpenText helps business grow faster
OpenText is the leader in Enterprise Information Management (EIM). Our EIM products enable businesses to grow faster, lower operational costs, and reduce information governance and security risks by improving business insight, impact and process speed.
What we do?
Enterprise Content Management (ECM) Software Suite
OpenText Content Suite is an integrated group of Enterprise Content Management (ECM) solutions designed to help organizations take full advantage of the opportunities offered through digital transformation. By creating a centralized, unified information grid, Content Suite connects information from across the enterprise with the people and systems that need it, driving Personal Productivity with simple, intuitive tools and user experiences, Process Productivity through full integration with lead applications such as SAP and Microsoft, and Control with legendary OpenText governance and security functionality. Used by some of the largest and most innovative companies and governments in the world to enhance competitive advantage and customer relations, Content Suite is available on-premises, as a subscription in our cloud, or as a managed service.
OpenText Cloud, Connecting information to business
The OpenText Cloud is a purpose-built cloud environment for enterprise solutions spanning Information Management, Compliance, and B2B Integration. Supported by a global, scalable, and secure infrastructure, OpenText Cloud includes a foundational platform of technology services, and packaged business applications for industry and business processes, supported by comprehensive Managed Services in the Cloud. The OpenText Cloud manages 18 billion transactions per year representing $6.5 trillion in commerce, stores 3.5 petabytes of content, integrates 600,000 trading partners and benefits more than 64,000 customers around the globe.
Business Process Management (BPM): OpenText Process Suite
Gain insight into your operations, optimize business processes and drive growth with OpenText Process Suite.
OpenText Process Suite
Process Suite 16 offers a low-code approach to building and deploying flexible dynamic case management applications as well as complex digital business automation that easily integrates to any type of existing system and embeds enterprise content management in context to provide rich information about people, process, data, and tasks. Delivering optimized business outcomes, enabling innovation, providing critical visibility into operations at the right time empowers Business leaders to drive growth act on market opportunities.
Business Intelligence and Analytics, Change the way you see your business
OpenText’s enterprise-grade Business Intelligence and Analytics platform helps organizations improve decision-making, gain operational efficiency and increase visibility by enabling IT to place interactive dashboards, reports, and data visualizations quickly into the hands of business users. Leveraging all your data – whether structured or unstructured, internal, CRM, big data, Internet of Things, or social media – in relevant, interactive visualizations, increases your opportunities for growth.
Customer Experience Management Software Suite
The OpenText Experience Suite offers a set of applications and add-on products that focus on delivering personalized content and engaging interactions along a continuous customer journey. The OpenText Experience Suite Platform is uniquely designed as an integrated set of Experience Suite Applications to bring together the critical capabilities that drive higher customer satisfaction and better customer engagement. Marketers and customer contact center leaders alike can benefit from integrated capabilities from Customer Communications Management, Digital Asset Management, Workforce Optimization and Web Content Management all through a single suite. The Experience Suite Platform has an extensive set of add-ons that range from Marketing Optimization to understanding the Voice of the Customer (VoC).
The Source of Success
Mark J. Barrenechea, CEO: Mark J. Barrenechea joined OpenText as President and Chief Executive Officer in January 2012, and also serves as a member of the Board. In January 2016, Mark took on the role of Chief Technology Officer. As CEO of Canada’s largest software company, Mark oversees the strategic direction of the organization and upholds the company’s position at the forefront of the industry. Under his direction, the Company has grown both organically and through strategic acquisitions, into a $1.9 billion technology company. Mark’s unwavering commitment to innovation and results, combined with a dedication to customers’ needs, led him to successfully realign the company’s products, transforming OpenText into an Enterprise Information Management leader.