Posts tagged "digital asset management"

Virtual Moment Rebrands as WebDAM, Focuses on DAM

Maybe it’s because of the growing popularity of SaaS, but Virtual Moment, LLC has announced that it is changing its ‘Doing Business As. . ‘(DBA) name from Spitfire Photo Pro to WebDAM, and said it will concentrate its resources on SaaS digital asset management (DAM).


As a completely hosted web-based DAM company, WebDAM offers its flagship product as hosted digital media management with full support — including storage, managing archiving, searching and retrieving functions to enterprises, as well as full collaboration capabilities.

Only two years old, the company said that the name change reflects its decision to concentrate on building the WebDAM brand, as well as a move from digital photo management into fully fledged digital asset management to the exclusion of everything else.

None of their existing customers, which include Stanford University, Inter-American Development Bank, or the Sodexo Corporation, will be affected by the move. New customers will all come in under the new brand and domain name.

They also say that the rebranding will be accompanied by a complete reorganization of resources that will enable development teams to create new products at a faster rate than previously.

What is WebDAM?

Let’s have a quick look at what they are offering. WebDAM is a web-based, hosted digital asset and image management product designed to give users access to web tools that will centralize, manage and distribute image files throughout an enterprise.

At the moment, the company concentrates on five main product areas. These include:

1. Centralized Database

All digital assets will be kept in the same area of the company’s centralized database that will enable users upload or access their assets from any browser and at any time of the day.

2. Online Collaboration Tools

Images and assets can be shared across an enterprise using distribution features that include lightboxes, high-res image download tools and email. Online reporting tools also gives users access to download reports with full tracking and defined access privileges

3. Search

Image retrieval based on automatic meta-tagging, using the companies new image searchtechnology which includes captioning abilities. Images can also be tagged using custom fields specified by company, division or department needs.

4. Brand application

Webcam feature comes with the ability to extend a company’s brand identify across entire image galleries with the help of technicians that ensure the brand is standardized across all your assets.

5. eCommerce

If required, users can also deploy an eCommerce add-on to create an integrated shopping cart directly from your online database. Users can set their own pricing and usage rules and dictate how orders are filled.

WebDAM is designed for organizations of all sizes with pricing based on disk space and user requirements.

Open Text to Cash Out CDN $35 Million for Nstein

Hey, look, it took no time at all. As we predicted a little while ago, Open Text (site) is getting ready to make yet another acquisition in the Web CMS space.

This time around, it’s their Canadian neighbor Nstein Technologies Inc. (news, site) — the makers of TME (Text Mining Engine). Data mining and analysis, and not necessarily WCM or DAM, is likely the main focus of this deal.

(Still) Continuing the CMS Quilting Exercise

As if the RedDot and Vignette saga wasn’t enough, Open Text is bringing on yet another Web CMS product into its quilt of content management technologies.

With Nstein, however, there’s also a nice touch of semantic search technologies, as we in detail showed you recently, when the vendor released Semantic Site Search (3S). Not to mention Nstein's Text Mining Engine (TME), which we think might be the main focus of this deal.

The Deal

As of now, the two entered into a definitive agreement, by which Open Text will acquire all of the issued and outstanding common shares of Nstein through an Nstein shareholder-approved amalgamation with a subsidiary of Open Text under the Companies Act (Québec).

Nstein shareholders will receive CDN $0.65 in cash for each Nstein common share. As of Friday 02/19/2010, Nstein shares were at $0.34, with average volume of 28,675 shares and the 52-week range from $0.23 to $0.55. All in all, not a bad deal for Nstein shareholders, as the Open Text purchase price represents a premium of approximately 100% above the 30-day trading average.

The entire transaction is valued at approximately CDN $35 million.

What to Expect

The transaction is expected to close in Q2, if two-thirds of Nstein’s shareholders agree, making Open Text shareholders warm and fuzzy, and showing some growth (albeit, not organic) for Open Text itself.

Aside from upcoming layoffs at Nstein, we have a feeling that Open Text will concentrate on the data mining side of things with Nstein and, eventually, stop supporting the WCM/digital publishing arm of Nstein (after milking that cash cow).

Nstein has been doing a good job on the data mining and semantic search fronts lately, and there’s enough products in Open Text portfolio as it is to publish pages and manage digital assets, but:

A - decent, in-house built semantic search engine

B - Sentiment Analysis engine

C - Image-based search

D - data mining through Text Mining Engine (TME) (would be a nice addition to Vignette, no?)

are all, more or less, a breath of fresh air for Open Text.

As Open Text’s president and CEO John Shackleton hinted, "Nstein will … add complementary technology and expertise that enhances our ECM solutions portfolio."

Some of Nstein's rich media management technology can be weaved in nicely with one of Open Text's previous acquisitions — Vizible (check our coverage of that here). Vizible’s solutions provide the ability to create rich visual user experiences, including 3D navigation, and cross-channel content delivery (cell phones, PDAs, web).

Given the fact that we haven't heard anything about what Vizible is doing since the acquisition, we think that will change soon, as Open Text starts working on the marriage of Vizible and Nstein.

Another stranger we haven't heard from is Open Text Social Media product. Do you see any opportunities for Nstein's technology there?

It will be interesting to see what happens to Picdar, a U.K. digital asset management (DAM) vendor that Nstein acquired back in 2008. Open Text’s Artesia acquisition does precisely DAM, and there’s no good DAM reason to combine the two products, maybe only to continue selling them both (yet, with focus on the more expensive Artesia), but to different market segments.

Escenic Community Engine Goes RESTful, Adds Dashboard

Offering web publishing and strategic content management, Escenic packs in 140 fixes and improvements into its latest updates of Escenic Community Engine 3.3-1 platform.

Take the Escenic Route

For those in the media and web publishing industries, Escenic is a platform comprised of tools to manage and publish content. At its core is the Content Engine, which stores any type of digital assets, offers advanced metadata and tag searching, and makes all those assets available to other programs or sites via a Java API.

Background on Escenic Content Engine

Content Engine is the heart of the package, a repository for a company's data across one or many servers. It uses a presentation layer and templates to display the data and uses JSP tag libraries to assist in development for custom solutions. With easy import, export, a full administration suite and statistics information, the Content Engine provides the spine off which the other modules can be linked.

The latest version of the Content Engine has just been released. Version 5.1-1 adds a new plug-in for migration support, allowing two versions of the engine and data to exist side-by-side, while helping to move content from V4 to V5.

Another update is the Community Engine which moves on to 3.3-1. This adds a Google-inspired dashboard, which helps monitor user comments and expands compatibility with the new Content Engine.

What's Escenic Community Engine

The Community Engine is an optional component to Escenic and adds those, now essential, social networking elements to the package. With Community Engine added, users can build their own tailor-made communities to engage with customers.

The features can be added to existing sites or new areas can be created, with user profiles, forums, comments and more. Users can network together as well as post and tag their own content. It supports Facebook Connect, Single Sign-On and other methods to speed up logging in.

What's New in Escenic Community Engine 3

Version 3 of Community Engine offers a new dashboard, which it admits is unashamedly inspired by Google Reader and a RESTful API to aid integration, among the other features listed on the roadmap are:

  • Tight integration with Escenic Content Engine 5
  • Third-party API for extending Escenic Community Engine
  • Widgetized template development
  • Single sign-on (SSO)
  • Support for OpenID
  • Administration dashboard

Another feature of the new Content Engine is plug-in support for Content Studio, which is where writers and editors get their hands on the files and data. Designed for multi-channel and content support, it offers live content caching, so information will remain constant across all servers, no matter how big the company.

The editor runs happily on PCs and Macs and offers easy access to all data, the ability to work on multiple documents at once. Offering compatibility with advanced editing and proofing tools like Tansa and Vizrt, users can edit images and video as well as text from the one space.


Manage your company rich media in Java-style

Big Over There

Escenic is a Scandinavian-originated Web CMS with a HQ in Norway, popular in the web publishing industry in Europe and globally. With more modules and features constantly being added and updated — including a Mobile Solution to get media on smartphones and other devices and a Community Engine to manage forums and user input — Escenic is worth taking a look at.

SAP Teams with Open Text for Digital Asset Management (DAM)

And for the third course, SAP will also be serving Open Text’s (site) Digital Asset Management (DAM) solution. Announced today, SAP and OTEX enter the third wave of the existing 20-year-long relationship by offering DAM as part of the global reseller agreement.

Open Text DAM Under SAP Brand

Before today, SAP has been reselling Open Text Document Access, Archiving and Invoice Management products under SAP branding. Most recently, SAP also started reselling Open Text ECM.

Open Text DAM for SAP, one of the components of the Open Text ECM Suite, will be positioned as part of marketing resource management (MRM) and intellectual property management (IPM) capabilities of the SAP Customer Relationship Management (SAP CRM) application. The new name has also been chosen: SAP Digital Asset Management application by Open Text.

What’s the Value Proposition?

Since Open Text DAM will be sold in conjunction with SAP CRM, SAP Digital Asset Management should be able to support the entire marketing process from planning, developing content, execution and results measurement.

Some of the product features include the ability to collect, manage, search and distribute various types of digital assets. Ingesting, logging, transcoding and archiving of rich media content is also part of the integrated offering.

SAP Intellectual Property Management application brings in the angle of organizing, collaborating and tracking digital content.

Trying to Solve DAM Challenges

The joint venture tries to focus on enterprise marketing departments and media/broadcasting/publishing companies that have a need for management (and re-use, as we know this is important) of large amounts of digital assets.

DAM is on the rise with increased adoption of digital marketing channels, yet many organizations are faced with challenges around standardized processes and proper tools for content asset creation, publishing, maintenance and distribution.