Open Text Acquires eMotion Media Management From Stock Photo Firm Corbis For $5 Million
This story was written by Joseph Weisenthal.
Open Text, the the enterprise content management software firm, has acquired the eMotion hosted media management business from Corbis, the stock photo firm backed by Bill Gates. The price paid was $5 million net of cash, and the transaction is not anticipated to have a material effect on Open Text's results. The unit will become part of Open Text's Artesia Digital Media business, which provides various services for marketing and advertising businesses. Release.
By Joseph Weisenthal