Enterprise content management juggernaut Open Text has bought content analysis startup Nstein Technologies for $34 million. Nstein’s Text Mining Engine helps businesses centralize, understand and manage content through semantic and text analysis.
For example, Nstein powers the backend of The Financial Times’ semantic search engine, called Newssift, that indexes about 4,000 business news sources, from online newspapers and blogs to news portals and research sites.
Open Text’s digital media solution help its customers manage rich-media content, so Nstein’s technology should boost Open Text’s existing offerings. Last year, Open Text, which is a publicly traded company bought up 3-D interface innovator Vizible.