Enterprise Content Management software firm Open Text is
set to axe 525 jobs following its $489m (£266) acquisition of rival
Hummingbird in August.
The firm’s plans, announced as part of a new company strategy,
will cut the overall workforce by 15% worldwide. Open Text said the
cuts would hit areas of the businesses that were “not consistent
with the company’s strategic focus”.
The takeover has already seen the Hummingbird Enterprise product
suite rebranded under the name Livelink ECM – eDOCS, but Open Text
said that the RedDot Solutions line would be maintained as part of
its web content management strategy, while the Hummingbird
Connectivity unit will continue to operate as a distinct brand.
Open Text is planning to continue to pitch its products at key
market sectors, including the legal, financial services, energy,
pharmaceutical, retail, manufacturing, media and entertainment
industries.
It is also seeking to make the most out of partnerships with
Microsoft, Oracle and SAP.
Chief executive John Shackleton said, “The changes we’re making
involve some tough decisions. Unfortunately, this is necessary to
eliminate the redundancies that invariably come when turning two
companies into one.”