OpenText (NASDAQ:†OTEX, TSX:†OTEX), a global leader in†Enterprise Information Management (EIM), has 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.
