Open Text Corporation has signed a definitive agreement to acquire the Vista Plus suite of products and related assets from Quest Software Inc. Vista Plus captures and stores business-critical information from packaged applications like Oracle E-Business Suite, PeopleSoft and mySAP as well as custom and mainframe legacy environments. The acquisition expands Open Text’s integration and report management capabilities as part of its ECM suite. Vista provides a platform from which to address report content found in ERP applications, and business intelligence (BI) software from Cognos, Business Objects, Crystal Reports and others. The Vista Plus Suite consists of three components, an output manager, electronic forms server and a scalable central repository. Together they control and deliver all business output to any user via multiple delivery channels. The transaction is expected to close in September 2004. The product acquisition is structured as a cash asset purchase and the purchase price is approximately $24 million. As part of the transaction, Quest employees will become a part of Open Text. www.opentext.com, www.quest.com
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