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.”