Open Text Corporation and Eloquent, Inc. announced that they have entered into a definitive acquisition agreement in which a wholly owned subsidiary of Open Text will acquire all of the issued and outstanding shares of Eloquent for cash consideration of up to US $6,720,000, or approximately $0.34 per share, of which US $1,000,000 will be held in escrow to secure certain representations, warranties and covenants of Eloquent in the acquisition agreement. The purchase price is also subject to downward closing adjustment based on Eloquent’s net cash at closing as described in the acquisition agreement. The companies expect the transaction to close in the next 90 days subject to certain conditions, including approval by Eloquent’s stockholders. Eloquent’s “sales readiness” solution, LaunchForce, is designed to deploy corporate knowledge to front-line employees and partners. Benefits of integration with Open Text’s Livelink include: enhancing Livelink MeetingZone with live video conferencing and rich automatic archiving, adding Livelink for Sales Readiness to the Livelink Application Portfolio, and adding collaboration and knowledge management capabilities to LaunchForce.,