An Important Message to DSG Customers about the Acquisition of Captaris, Inc.
This morning (September 4, 2008), Open Text™ Corporation (NASDAQ:OTEX) (TSX: OTC) announced that it will acquire Captaris, Inc. The companies expect the transaction to close by the end of the calendar year.
We believe this is exciting news for Captaris and Open Text Corp. DSG is looking forward to being a part of their growing success. Change always invites questions. Here are some that are commonly asked when two companies merge.
If you have further questions, feel free to contact Brent at 952-224-3340, ext. 201 or blothrop@dsgi.net.
Frequently Asked Questions about the Captaris Acquisition
• What can you tell me about Open Text Corporation?
An enterprise software company providing enterprise content management (ECM), Open Text helps organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. Open Text supports 46,000 customers and millions of users in 114 countries. For more information, visit www.opentext.com.
• Why did Open Text Corporation Acquire Captaris?
Captaris’s software products include some of the most popular document and data capture solutions that let customers convert paper documents to digital content, and manage associated processes. According to the formal announcement, the acquisition will expand Open Text’s partnership offerings by creating tighter integration with Open Text's invoice management solutions that work with SAP and Oracle.
"Captaris’s technology will strengthen Open Text’s ECM solutions by providing another on-ramp for integrating content into our ECM solutions," said John Shackleton, President and Chief Executive Officer of Open Text. "We are committed to continuing Captaris’s products, and partner and customer support."
• How will the acquisition affect DSG customers?
It’s business as usual for DSG. DSG will continue to sell and support Captaris RightFax and Captaris Workflow in addition to the fax automation products of our other partners. Therefore, the acquisition will not affect DSG clients.
• What about Captaris products?
According to John Shackleton, President and Chief Executive Officer of Open Text, "We are committed to continuing Captaris’s products, and partner and customer support."
DSG will continue to sell and support Captaris RightFax and Captaris Workflow in addition to the fax automation products of our other partners.
• Why weren’t we told sooner?
Captaris is a publicly traded company. Any information released prior to the official announcement is considered insider trading. That’s why DSG obtained the official announcement this morning, and wanted to share it with you as soon as possible.
Additional References
To read the full announcement, “Open Text to Acquire Captaris - Combined Capabilities for Document, Data Capture and ERP Integration Enhanced” visit www.opentext.com/news/pr.html?id=2097
For Open Text’s current investor presentation which includes additional commentary on the Captaris acquisition, please visit http://www.opentext.com/2/company/investors.
