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- Open Text Acquires Momentum Systems, Inc.
- Momentum to deliver Livelink-based Records Management solution to the Defense Contract Audit Agency
- Momentum to provide Livelink support services and deploy Livelink-based solutions throughout the U.S. Air Force, Office of Special Investigations
Open Text Acquires Momentum Systems, Inc.
- Open Text Acquires Government Solutions Specialist Momentum Systems
- Acquisition Adds to Open Text's Government Domain Expertise, Further Enhances Open Text's Ability to Deliver High-Value, Repeatable Government Solutions
- Chicago, IL - 2007-03-02 - Open TextT Corporation (NASDAQ: OTEX, TSX: OTC), the largest independent provider of enterprise content management (ECM) software and solutions, today announced the acquisition of Momentum Systems, Inc., a privately held company that specializes in providing complex ECM solutions to U.S. government agencies. With the acquisition, Open Text expands its solutions expertise in the U.S. government market.
The agreement was completed with an effective date of March 1, 2007. It is currently anticipated that the financial terms and future impact of this agreement will not have a material effect on future financial results of Open Text.
Established in 1993 and based in Arlington, Virginia, Momentum Systems has been a leading Open Text Global Alliance Partner in the U.S. government sector for more than 12 years. With an experienced staff of over 50 people located primarily in the Washington D.C. area, Momentum has had a successful track record of implementing and supporting Livelink ECM solutions across all levels of government, including at some of the U.S.'s largest federal agencies. The acquisition will not result in any material change to staff levels at either Momentum or at Open Text.
Momentum to deliver Livelink-based Records Management solution to the Defense Contract Audit Agency
Working together, Momentum and Open Text Global Services, are in the early phases of developing a comprehensive Records Management, Document Management, and Workflow solution for the Defense Contract Audit Agency (DCAA). Building upon a successful pilot program, Phase I of the project involves deploying the Records Management solution; rolling it out on a region-by-region basis to 4000 people across the country in five different offices.
For this effort, Momentum will capture requirements (assessing the "as is" environment) and design improved records management processes utilizing the latest Open Text RM tool. Momentum will convert data from the current iRIMS and migrate it to the new RM solution. In addition, Momentum will provide deployment support, create training materials, deliver training and training support to DCAA system administrators, regional system administrators, and end users.
For Phase II, Momentum will design, develop, and implement Livelink-based Document Management and Workflow solutions.
Momentum to provide Livelink support services and deploy Livelink-based solutions throughout the U.S. Air Force, Office of Special Investigations
Following Momentum Systems' successful deployment of a Livelink-based Suspense Tracking System for the Department of the Air Force, Office of Special Investigations (AFOSI), Momentum was awarded a new 5-year contract to deliver technical support and system maintenance services, as well as to design, build, and deploy a variety of Open Text Livelink-based system enhancements.
The first task Momentum will tackle involves assisting with the deployment of the OSILINK system. Momentum will deliver day-to-day Livelink end user support, help desk support, Livelink-AFOSI legacy system integration support, business analysis, and Livelink Community Information Security (CIS) model support. In addition, Momentum will provide on-site maintenance and handle software installations, database upkeep, troubleshooting and debugging activities.
Over the coming year, Momentum will turn its focus to automating key business processes, including the AFOSI awards and decorations, performance reviews, general staffing and e-staffing processes. Momentum will also upgrade OSILINK's records management capabilities using the latest Livelink Records Management module and bar-coding technologies, facilitating full record life-cycle management.
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