Industry Updates

News Updates (May 7, 2009)

Open Text Acquires Vignette … Open Text announced a definitive agreement to acquire Vignette, a content management vendor. “Vignette shareholders will receive US $8.00 in cash plus 0.1447 of an Open Text common share for every Vignette common share which equates to approximately US $12.70 at close of market on May 5, 2009. This represents a premium of approximately 74% above the 30 trading day average closing price of Vignette s shares and approximately 41% above the most recent closing price. This values the transaction at approximately US $310 million.More
– (CIO) The purchase price is about 40% of annual revenue for Open Text.

Video Conferencing Won’t Save the World … Virtual meetings are only one element of a broader corporate strategy for environmental stewardship. “What’s more, the actual travel-replacement effects of videoconferencing aren’t exactly carved in stone. According to the WWF study, some research indicates that videoconferencing may actually have a neutral or negative impact on employee travel because travel time and budgets associated with internal meetings are shifted to strategic meetings with contacts outside the organization. That may be good for business, but it doesn’t do much for polar ice caps.More

Oracle Beehive … Oracle released Beehive, its new enterprise collaboration platform. “Oracle Beehive delivers a range of collaboration tools including email, calendar, team workspaces, conferencing, and instant messaging on a single, standards-based platform. With the enhancements, organizations using Oracle Beehive can establish more efficient communication channels to enable easier collaboration and improve individual and team productivity. Today’s announcement also extends Oracle Beehive’s integration with existing systems, helping customers to lower infrastructure costs, simplify IT management, and reduce risk.More
– Oracle Beehive is available on-premise or hosted.
– (ComputerWorld) All Beehive data is stored in an Oracle database; and there was no mention of the expertise locator capabilities acquired via Tacit.

Other Items
– Zurich Financial Services has implemented telepresence to make global meetings easier.
– James is running a one-day expert session on collaboration in Canberra in July 2009., a cool service for capturing analog data via a camera phone and making it available digitally (and to fax).
70% of organizations are looking to adopt collaboration tools in the next 12 months (from Forrester).
– There’s a new Amazon Kindle on the block, with a bigger screen.

Categories: Industry Updates