Waterloo-based OpenText has announced it has completed the previously announced acquisition of Georgia-based Liaison, a provider of cloud-based information integration and data management solutions.
OpenText announced its intention in November 2018 to acquire the company for $310 million in cash. OpenText’s most recent acquisitions include California-based file-sharing solution Hightail in February 2018, and Guidance Software for $300 million in 2017.
“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 Mark J. Barrenechea. “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.”
Liaison’s ALLOY Platform compbines technologies to streamline complex information integration for global intelligent and connected enterprises. OpenText said the acquisition would help it target sectors like life sciences and healthcare, and enter emerging markets like integration platform-as-a-service (iPaaS) with a managed services approach. ALLOY will be integrated into OpenText Business Network.
“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.”