OpenText buys Liaison Technologies
OpenText, a provider of enterprise information management software, has completed the closing of its previously announced acquisition of Liaison Technologies, provider of cloud-based information integration and data management solutions. The purchase price is approximately $310 million in an all-cash transaction.
According to OpenText CEO & CTO Mark J. Barrenechea, the acquisition of Liaison extends the OpenText Business Network and Cloud leadership and provides new technologies for its customers to build application networks in the dynamic mobile, cloud, SaaS, and omnichannel world.
Liaison's ALLOY Platform offers differentiated technologies to modernize, streamline and accelerate complex information integration for global intelligent and connected enterprises, accelerating onboarding and migration, and helping OpenText customers to become more agile and responsive to changing market and customer demands.
Liaison will be integrated into OpenText Business Network, a suite of solutions that facilitate secure and compliant information flows between people, systems, and things.
Barrenechea noted that Liaison's strong innovation in multi-enterprise application integration extends OpenText Business Network leadership within key verticals, including life sciences, manufacturing, and healthcare, and enables OpenText to address fast-growing adjacent market segments with a unique managed services approach.
For more information about OpenText, visit opentext.com.