Canada’s Open Text last of its kind after HP deal – Business – CBC News
Tech giants such as IBM and SAP are likely casting a hungry eye on business software provider Open Text Corp. now that its last independent competitor has been snapped up by Hewlett Packard, analysts say.
HP announced Thursday it was buying Autonomy Corp. for $10 billion US. It’s part of a major swing away from consumer products such as PCs, tablets and smartphones, and an expanded focus by HP on business technology products and services. U.K.-based Autonomy specializes in software that manages and searches unstructured information within businesses’ internal networks.
Waterloo, Ontario-based Open Text similarly specializes in helping companies manage the growing mountains of data produced and used in their daily operations. But Open Text takes a different approach — relying on organizing and tagging content rather than a powerful search capability, said Nigel Wallis, an analyst with IDC Canada whose research is focused on business software and applications.
Strange Random Content Quote:
As a rule, one should never place form over content. – Manuel Puig
- Open Text viewed as next major software takeover target (theglobeandmail.com)
- Open Text, a business software maker, slumps (seattlepi.com)
- After H.P.’s Rich Offer, Deal-Making Spotlight Swings to Data Analysis (dealbook.nytimes.com)
- You Were Listening – HP Buys Autonomy (bigmenoncontent.com)
- Autonomy takeover brings cheers and tears to ‘Silicon Fen’ (independent.co.uk)
- Report: HP to sell PC business, move toward software and the cloud (news.consumerreports.org)
- HP chief Léon Apotheker to challenge Oracle Corp. (sfgate.com)
- HP to exit PC and tablet business (nation.com.pk)
- Open Text: Safe habour amid a global economic storm? (business.financialpost.com)
Posted on August 21, 2011, in Article and tagged Business, Hewlett Packard, IBM, Manuel Puig, Open Text Corporation, Personal computer, SAP, SAP AG, Waterloo Ontario. Bookmark the permalink. Leave a comment.