OpenText to buy Dell EMC's enterprise content unit for $1.62 bln
Canadian business software maker OpenText Corp (TSX: OTC, NASDAQ: OTEX) has agreed to acquire Dell EMC’s enterprise content division, including Documentum, for US$1.62 billion. The deal is expected to close within 90 to 120 days. Waterloo, Ontario-based OpenText said the acquisition will deepen its enterprise information management offering with a portfolio focused on enterprise content and information life cycle management. Dell EMC is an affiliate of Dell Technologies Inc, a U.S. computing solutions company. Dell was taken private in late 2013 by Founder and CEO Michael Dell and U.S. private equity firm Silver Lake.
12 September 2016•5 mins read
