Open Text Acquires eMotion

Open Text Corporation announced the acquisition of eMotion LLC from Corbis Corporation. The eMotion division will become part of Open Text's Artesia Digital Media Group. The acquisition gives Artesia a broader portfolio of offerings for marketing departments and advertising agencies, adding capabilities that complement its enterprise marketing asset management solution, Artesia DAM. The move will extend Open Text's digital media capabilities as part of its Enterprise 2.0 strategy. eMotion is headquartered in Seattle and has a team based in Virginia. Open Text purchased the division for approximately $5 million, net of cash and assets, effective July 2, 2008. It is currently anticipated that the financial terms and future impact of the acquisition will not have a material effect on future financial results of Open Text. http://www.opentext.com