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Open Text’s Artesia Digital Media Group acquires eMotion from Corbis for $5 million
Waterloo, Ontario based Open Text Corporation, has agreed to acquire eMotion LLC from the Corbis Corporation for approximately $5 million in cash and assets. Open Text has stated plans to merge eMotion with its Artesia Digital Media Group in order to expand its enterprise marketing asset management solution, Artesia DAM. Corbis first acquired eMotion in 2005 in an apparent attempt to compete with to Getty’s Media Management Services. “eMotion is the right fit at the right time to expand our Artesia Digital Media Group, our portfolio of solutions for marketing departments, and our team of content experts who can innovate with customers and leverage their growing libraries of video, images and other rich media content in a Web 2.0 world,” said Scott Bowen, President of Open Text’s Artesia Digital Media Group.
“By joining a global leader in ECM and digital media solutions, our products become part of a comprehensive family of solutions that help organizations manage all of their business content,” said Jon Schupp, Vice-President of Media Services at eMotion. “We will continue our strong commitment to our customers and to delivering the most innovative solutions, now with the backing and broader range of capabilities from Open Text and the Artesia Digital Media Group.” Mr. Schupp is joining the Artesia Digital Media Group as Vice-President, Software Services.
Posted in: Corbis, News, Stock Photo Companies
