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.
About OpenText
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.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release, including statements regarding OpenText's plans, objectives, expectations and intentions relating to the acquisition, the acquisition's expected contribution to OpenText's results, financing and closing of the acquisition, as well as the expected timing and benefits of the acquisition, may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors, which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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.
OTEX-MNA
Notes: (1) All dollar amounts in this press release are in US dollars unless otherwise indicated.
SOURCE Open Text Corporation
Greg Secord, Vice President, Investor Relations, Open Text Corporation, +1 (415) 963-0825, [email protected]; or Tim Brook, Sr. Director, Global Communications, Open Text Corporation, +44 (118) 984 8022, [email protected], http://www.OpenText.com
Share this article