In a deal valued at CDN $35 million, Open Text acquiring specialist ECM provider Nstein Technologies, which is active in markets such as media and information services, life sciences and government.

"This agreement helps Nstein take its next major step into the future,” said Luc Filiatreault, President and Chief Executive Officer of Nstein.

“We’ve always been committed to delivering innovative solutions to our customers and partners. Our agreement with Open Text is in keeping with this commitment. Customers will benefit from an expanded ECM solutions portfolio, and a shared vision for innovative solutions going forward."

A special meeting of Nstein’s shareholders is expected to be held to consider the amalgamation in early April, 2010.