OpenText, a Canadian enterprise information management software company, announced that it has entered into a definitive agreement to acquire Liaison Technologies, Inc., a U.S.-based cloud enterprise application integration and data management solutions provider.
The purchase price is approximately $310 million in an all-cash transaction. The deal is expected to close within 90 days and is subject to customary regulatory approvals and closing conditions.
The acquisition of Liaison is expected to further enhance OpenText's offerings in the digital ecosystem and business-to-business integration solutions, application-to-application integration and master data management capabilities.
The proposed move also expands OpenText's capabilities within key verticals such as life sciences and healthcare. Additionally, the deal enables OpenText to address fast-growing adjacent market segments, including integration platform-as-a-service with a managed services approach.