Open Text (Nasdaq: OTEX), a provider of enterprise management software, is being seen as a potential takeover target for one of its partners, according to a report in BusinessWeek.
The magazine, in Gene Marcial's Inside Wall Street column, citing Richard Parower, an analyst with Seligman Investments, and other analysts, reported that the company could become a takeover target for SAP, Microsoft or Oracle, all of whom partner with Open Text. The Waterloo, Ontario-based company has a market capitalization of USD 2.2bn. Open text recently bought Vignette in an effort to consolidate the ECM industry while trying to reach a $1B mark as the last standing independent supplier. In my opinion, SAP would make it virtually impossible to let Open Text snapped up by a competitor.
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