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.

Captaris provides document and data capture applications, as well as business information and delivery applications built on Microsoft's .NET framework that integrate, process, and automate the flow of content.

Open Text Corporation and Captaris, Inc., recently announced a definitive merger agreement in which a wholly owned subsidiary of Open Text will acquire Captaris.

Open Text is planning to buy data capture vendor Captaris for $131 million.

Open Text Corp., a Canadian software company, will acquire Captaris Inc. for $131 million cash, the companies said Thursday.

OTTAWA (Reuters) - Business software maker Open Text Corp said on Thursday it has agreed to buy Captaris Inc for $131 million, a cash bid that modestly trumps a private equity firm's earlier offer.

Canadian software company Open Text Corp. is offering to buy Captaris Inc. for $131 million, or $4.80 per share. (CAPA) (OTEX)

WATERLOO, Ont. - Open Text Corp. (TSX:OTC) has inked a US$131-million deal to acquire document automation software specialist Captaris Inc. (NASDAQ:CAPA).

(AP:WASHINGTON) Open Text Corp., a Canadian software company, will acquire Captaris Inc. for $131 million cash, the companies said Thursday. Open Text is offering $4.80 per share for Captaris, a premium of 28 percent over its closing price of $3.74 on Wednesday.

(Reuters) - Business software maker Open Text Corp said it agreed to buy Captaris Inc , which makes software to manage documents, for about $131 million in cash to strengthen its Enterprise Content Management (ECM) business.