OpenText Buys Liaison Technologies, Inc.
Acquisition Extends OpenText Business Network and Cloud Leadership
"The world of digital is very dynamic, and companies need the ability to connect business to business, application to application, with speed, security, and reusability," said OpenText CEO & CTO
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.
Barrenechea continued, "Liaison's strong innovation in multi-enterprise application integration extends OpenText Business Network leadership within key verticals including life sciences, manufacturing and healthcare. The acquisition enables OpenText to address fast-growing adjacent market segments with a unique managed services approach."
Terms of the Agreement and Preliminary Outlook
The purchase price is approximately
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
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on-premises or in the cloud. For more information about
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release, including statements regarding OpenText's plans, objectives, expectations and intentions relating to the acquisition, the acquisition's expected contribution to OpenText's results, as well as the expected timing and benefits of the acquisition being on the OpenText operating model, may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors, which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the
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Notes: (1) All dollar amounts in this press release are in US dollars unless otherwise indicated.
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Greg Secord, Vice President, Investor Relations, Open Text Corporation , (415) 963-0825, email@example.com; Ryan Hill, Senior Manager, Public Relations Open Text Corporation (416) 524-6794, firstname.lastname@example.org