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OpenText buys BPM vendor Global 360 for $260M

15 Jul 2011 12:00 AM | Anonymous

Content management vendor OpenText is moving further into BPM (business process management) software, scooping up Global 360 for US$260 million.

Companies use BPM software to create, put in place and manage various business processes, such as the steps involved in purchasing supplies, fulfilling orders, or hiring new workers.

The Global 360 deal makes sense, given that some 60 percent of global organizations are already aligning their content management systems with BPM, OpenText CEO John Shackleton said in a statement.

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