OpenText to buy Merck-backed Liaison Technologies for $310 mln
OpenText Corp (TSX, Nasdaq: OTEX) has agreed to acquire Liaison Technologies Inc, an Alpharetta, Georgia-based provider of cloud enterprise application integration and data management solutions. OpenText agreed to pay US$310 million ($407 million) in cash. The deal is expected to close within 90 days. OpenText, a Waterloo-based enterprise information management company, said the acquisition will grow its business network portfolio and expand capabilities in life sciences, healthcare and other verticals. Founded in 2000, Liaison is backed by the venture capital fund of U.S. biopharmaceutical company Merck.
1 November 2018•2 mins read
