OPEN TEXT CORP acquires Captaris, Inc.
The deal at a glance
OPEN TEXT CORP acquired Captaris, Inc. for approximately US$131 million, a transaction completed in October 2008, structured as all cash. The deal was a Merger.
Captaris, Inc. operates in Document Capture & Process Automation, is based in Bellevue, Washington, United States. Captaris was a Bellevue, Washington provider of software that automates document-centric processes, including document and data capture solutions converting paper to digital content. OpenText acquired it via merger for US$4.80 per share.
Captaris's technology will strengthen Open Text's ECM solutions by providing another on-ramp for integrating content into our ECM solutions.
Tighter integration with invoice-management solutions for SAP and Oracle. Open Text ECM
No advisory firms have been disclosed for this transaction.