OpenText a global leader in Enterprise Information Management (EIM), today announced it has completed the closing of its previously announced acquisition of Liaison Technologies, Inc., a leading provider of cloud-based information integration and data management solutions.
Liaison’s ALLOY® Platform brings innovative and differentiated technologies to modernize, streamline and accelerate complex information integration for global intelligent and connected enterprises. This technology dramatically accelerates onboarding and migration, enabling 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 efficient, secure, and compliant information flows between people, systems, and things. OpenText Business Network is the global leader in enabling digital business, processing trillions in commerce every year and connecting over 1 million businesses globally.
Terms of the Agreement and Preliminary Outlook
The purchase price is approximately $310 million in an all-cash transaction. Liaison is expected to contribute insignificant revenue to OpenText’s results for the second quarter ending December 31, 2018, given that the transaction has closed during the holidays.
Liaison is expected to be on the OpenText target operating model within the first twelve months after closing. Financial details regarding the acquisition will be provided with OpenText’s second quarter fiscal year 2019 earnings materials and conference call.
Further information for investors, including an overview presentation regarding Liaison, can be found at: investors.opentext.com/mergers-and-acquisitions
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This entry was posted on December 17, 2018 at 4:55 pm and is filed under Commentary with tags OpenText. You can follow any responses to this entry through the RSS 2.0 feed.
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OpenText Buys Liaison Technologies, Inc.
OpenText a global leader in Enterprise Information Management (EIM), today announced it has completed the closing of its previously announced acquisition of Liaison Technologies, Inc., a leading provider of cloud-based information integration and data management solutions.
Liaison’s ALLOY® Platform brings innovative and differentiated technologies to modernize, streamline and accelerate complex information integration for global intelligent and connected enterprises. This technology dramatically accelerates onboarding and migration, enabling 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 efficient, secure, and compliant information flows between people, systems, and things. OpenText Business Network is the global leader in enabling digital business, processing trillions in commerce every year and connecting over 1 million businesses globally.
Terms of the Agreement and Preliminary Outlook
The purchase price is approximately $310 million in an all-cash transaction. Liaison is expected to contribute insignificant revenue to OpenText’s results for the second quarter ending December 31, 2018, given that the transaction has closed during the holidays.
Liaison is expected to be on the OpenText target operating model within the first twelve months after closing. Financial details regarding the acquisition will be provided with OpenText’s second quarter fiscal year 2019 earnings materials and conference call.
Further information for investors, including an overview presentation regarding Liaison, can be found at: investors.opentext.com/mergers-and-acquisitions
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This entry was posted on December 17, 2018 at 4:55 pm and is filed under Commentary with tags OpenText. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.