Enterprise information management solution provider, OpenText, recently announced the closing of its previously announced acquisition of cloud-based information integration and data management solution provider, Liaison Technologies, Inc. OpenText provides users with information management solutions on-prem or in the cloud.
In a press statement, CEO and CTO of OpenText, Mark J. Barrenechea said, “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. 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 aims to modernize, streamline, and accelerate information integration for enterprises globally through the use of differentiated technologies. This technology facilitates onboarding and migration, which allows OpenText users to easily respond to market changes and the demands of customers, Liaison will be integrated into the OpenText Business Network, which is a suite of solutions that provide secure and compliant information flows between systems and people. OpenText Business Network enables digital business, in addition to processing trillions in commerce every year and connecting over 1 million businesses around the world.
Barrenechea continued, stating, “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.”
It is expected that within the first twelve months after closing, Liaison will be on the OpenText target operating model. OpenText will provide financial details concerning the acquisition with its second quarter fiscal year 2019 earnings materials.
To read OpenText’s full press release, click here.