Open Text pays $5M for Corbis' eMotion LLC

By Associated Press
July 11, 2008 | Comments (0)

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Canadian business software maker Open Text Corp. said Friday it bought Seattle-based eMotion LLC from Corbis Corp. for about $5 million.

The acquisition of eMotion, which provides software for management of video, digital and photo content, was effective July 2.

Buying eMotion, which will be integrated into Open Text's Artesia Digital Media Group, is not expected to affect Open Text's financial results.

Shares of Waterloo, Ontario-based Open Text fell 41 cents to $31.19 in morning trading.

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