Verity to acquire Cardiff

In a transaction with a purchase price of approximately $50 million in cash, Verity announces a definitive agreement to acquire Cardiff Software.

Cardiff products include TeleForm, LiquidCapture and LiquidOffice, a suite that automates document capture, e-forms and business process automation. Verity anticipates closing the transaction in 30 to 60 days, subject to the satisfaction of customary closing conditions.

Cardiff Software sells its products on a direct basis, as well as through an extensive international network of resellers and OEMs, into numerous vertical markets including financial services, healthcare, and federal, state and local governments.

For more information about the acquisition strategy, please see the March issue of KMWorld, which is due out Feb. 23.