Waterloo-based OpenText, a provider of enterprise information management systems, announced that it’s closed the acquisition of San Francisco-based Recommind.
Recommind‘s platform and solution suite uses eDiscovery and analytics to provide more visibility into structured and unstructured data. With Recommind, customers can identify and analyze their dark data, and more quickly identify documents across departments.
“Unlocking the value of Enterprise Information requires finding, analyzing and making sense of these large volumes of information,” said Mark J. Barrenechea, OpenText CEO and CTO. “Recommind information analytics can be used to solve problems at a scale not previously feasible without machine learning and is expected to be a critical component of the OpenText EIM strategy. With its technology, talent and market opportunity, Recommind offers an extraordinary opportunity and we are pleased to welcome them to OpenText.”
Recommind’s solutions — which target law firms, regulatory agencies, corporations — will be available to OpenText customers.