OPEN TEXT CORP acquires Captaris, Inc.

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

Captaris strengthens our position as the ECM market's independent leader and broadens the suite of solutions we offer that integrate with SAP, Microsoft and Oracle, our three strategic partners.John Shackleton, President and CEO, Open Text

Advisory firms were not disclosed for this transaction.

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