OpenText acquires Recommind Inc. 

OpenText’s CEO and CTO Mark J. Barrenechea claims the acquisition will give complement the company’s pre-existing EIM solutions. By leveraging Recommind’s platform and solution suite, customers will benefit from increased visibility into structured and unstructured data.

“Unlocking the value of Enterprise Information requires finding, analyzing and making sense of these large volumes of information,” saidBarrenechea. “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.”

Recommind has provided analytic solutions for eDiscovery, investigations, contract analysis and information governance. Their products include Decisiv Search, Perceptiv and Axcelerate.

OpenText aims to help organizations discover and manage information using integrated solutions such as: Content Suite, Process Suite, Experience Suite, Discovery Suite, Business Network and Analytics.