OpenText this morning announced that it has reached an agreement to acquire London-based weComm, which offers cross-platform mobile application deployment software. Terms of the deal were not disclosed.
weComm’s WAVE software platform offers fast deployment of media rich applications for a wide range of mobile devices (more than 900), including smartphones and tablets such as the iPhone, iPad, Android, Blackberry, Windows Mobile, Symbian and Java devices.
For OpenText, the acquisition offers a way for the company to expand from Web experience management solutions and digital asset management software to mobile content creation, development and delivery.
The weComm deal is expected to close this quarter, subject to customary closing conditions. OpenText says the acquisition does not bring significant pre-existing revenues or profit, and that details will be disclosed in the OpenText next regular quarterly release.
WeComm was founded in 1999 and was backed by venture capital, although it’s unclear how much capital investors have pumped into the company throughout its existence.