OpenText Corp (TSX, Nasdaq: OTEX) has agreed to acquire Liaison Technologies Inc, an Alpharetta, Georgia-based provider of cloud enterprise application integration and data management solutions.
OpenText agreed to pay US$310 million ($407 million) in cash. The deal is expected to close within 90 days.
OpenText, a Waterloo-based enterprise information management company, said the acquisition will grow its business network portfolio and expand capabilities in life sciences, healthcare and other verticals.
Founded in 2000, Liaison is backed by the venture capital fund of U.S. biopharmaceutical company Merck.
OpenText to Acquire Liaison Technologies, Inc.
Cloud-based B2B Integration and Data Management Solutions to Expand Business Network Portfolio
WATERLOO, Ontario, Oct. 31, 2018 /CNW/ — OpenText™ (NASDAQ: OTEX, TSX: OTEX), a global leader in Enterprise Information Management (EIM), today announced that it has entered into a definitive agreement to acquire Liaison Technologies, Inc. (Liaison), a leading provider of cloud-based enterprise application integration and data management solutions.
The acquisition of Liaison is expected to further enhance OpenText’s offerings in digital ecosystem and business-to-business integration solutions, application-to-application integration and master data management capabilities. The proposed acquisition also expands OpenText’s capabilities within key verticals such as life sciences and healthcare. Additionally, the acquisition enables OpenText to address fast-growing adjacent market segments, including integration platform-as-a-service (iPaaS) with a managed services approach.
Terms of the Agreement
The purchase price is approximately $310 million in an all-cash transaction. The transaction is expected to close within 90 days and is subject to customary regulatory approvals and closing conditions. (1)
More information can be found in our presentation at investors.opentext.com.
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on-premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit www.opentext.com.
Copyright ©2018 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.
Notes: (1) All dollar amounts in this press release are in US dollars unless otherwise indicated.
For further information: Greg Secord, Vice President, Investor Relations, Open Text Corporation, +1 (415) 963-0825, firstname.lastname@example.org; or Tim Brook, Sr. Director, Global Communications, Open Text Corporation, +44 (118) 984 8022, email@example.com, http://www.OpenText.com