Open Text to Acquire Captaris

Sep 05, 2008

 Open Text Corporation, a global provider of Enterprise Content Management (ECM), and Captaris, Inc., a provider of software products that automate document-centric processes, announced a definitive merger agreement in which a wholly owned subsidiary of Open Text will acquire Captaris. Under the terms of the agreement, Captaris shareholders will receive cash consideration of approximately $131 million in total, or $4.80 per share, in exchange for their Captaris stock. The acquisition will expand Open Text’s partnership offerings by creating tighter integration with Open Text's invoice management solutions that work with SAP and Oracle.