M&A Deal Summary

OpenText Acquires Liaison Technologies

On October 31, 2018, OpenText acquired internet software and services company Liaison Technologies from Verdane for 310M USD

Acquisition Highlights
  • This is OpenText’s 4th transaction in the Internet Software and Services sector.
  • This is OpenText’s 10th largest (disclosed) transaction.
  • This is OpenText’s 27th transaction in the United States.
  • This is OpenText’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2018-10-31
Target Liaison Technologies
Sector Internet Software and Services
Buyer(s) OpenText
Sellers(s) Verdane
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

Liaison Technologies

Alpharetta, Georgia, United States
website
Liaison Technologies, Inc. is a provider of cloud-based enterprise application integration and data management solutions. Liaison’s cloud-based approach breaks down the barriers between data silos to tap into the valuable information needed to make better decisions, faster. Liaison Technologies, Inc. was founded in 2000 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada

website


Category Company
Founded 1991
Sector Software
Employees14,300
Revenue 3.5B USD (2022)
DESCRIPTION

OpenText is an independent software provider of enterprise information management (EIM). Open Text was founded in 1991 and is based in Waterloo, Canada.


DEAL STATS #
Overall 37 of 44
Sector (Internet Software and Services) 4 of 6
Type (Add-on Acquisition) 29 of 36
State (Georgia) 2 of 2
Country (United States) 27 of 31
Year (2018) 2 of 2
Size (of disclosed) 10 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 Hightail

Campbell, California, United States

Hightail, Inc. is a provider of online file storage and management capabilities. Hightail, Inc. was established in 2004 and is based in Campbell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Catalyst Repository Systems

Denver, Colorado, United States

Catalyst Repository Systems, Inc. is a developer of hosts applications to help legal, business and insurance teams manage large document populations and collaborate on complex matters securely over the Web. Catalyst Repository Systems was founded in 1998 and is based in Denver, Colorado.

Buy $75M

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 35 of 46
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 27 of 32
State (Georgia) 1 of 1
Country (United States) 3 of 3
Year (2018) 3 of 4
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Scanacon

Spånga, Sweden

Scanacon is a provider of acid management systems used in the production of special metals. Scanacon provides solutions to achieve safe, efficient, high quality treatment of metal product at the lowest cost, while enabling recycling of acid waste and minimising usage of scarce resources. Scanacon AB was founded in 1982 and is based in Spånga, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-21 Powernet International Oy

Vantaa, Finland

Powernet International Oy specialized in development and manufacture of customer specific power supplies and systems. Powernet develops and manufactures customer specific power supplies and systems, of which examples are customized power supply and power distribution packages as well as turnkey project deliveries, e.g. to the train industry. Powernet has also been a forerunner in the development of IoT enabled condition monitoring of power supply and power distribution packages, which is utilized in e.g. smart battery chargers. Excellent understanding of clients’ end products is also one of Powernet’s key strengths.

Sell €5M