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OpenText has closed the acquisition of Liaison Technologies in an all-cash transaction worth approximately US$310 million.
“The acquisition of Liaison strengthens OpenText’s leadership within key verticals such as healthcare, life sciences, manufacturing and automotive,” said Albert Nel, vice president sales for Asia Pacific at OpenText.
“Additionally, Liaison’s Alloy Platform brings innovative and differentiated technologies to modernise, streamline and accelerate complex information integration for global intelligent and connected enterprises.
"Liaison’s platform will immediately complement OpenText’s Business Network solutions across Asia and the globe."
The acquisition of the solution provider is designed to enable OpenText to leverage its Alloy Platform to accelerate both customer on-boarding and migration.
"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 Mark Barrenechea, CEO and CTO at OpenText.
“The acquisition of Liaison extends the OpenText Business Network and cloud leadership and provides new technologies for our customers to build application networks in the dynamic world of mobile, cloud, SaaS, and Omnichannel.
"We are tremendously excited today to welcome Liaison customers, trading partners and employees to OpenText."
Now that the acquisition has been completed, the plan is to begin integrating Liaison into the OpenText Business Network, a suite of solutions the provider claims that are designed to facilitate efficient, secure, and compliant information flows between people, systems, and things.
“Liaison’s strong innovation in multi-enterprise application integration extends OpenText Business Network leadership within key verticals including life sciences, manufacturing and healthcare,” said Barrenechea.
“The acquisition enables OpenText to address fast-growing adjacent market segments with a unique managed services approach.”
The acquisition is not expected to contribute insignificant revenue to OpenText's results for the second quarter ending 31 December 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.
