From InfoWorld: Canadian enterprise information management vendor OpenText has agreed to buy Dell Technologies' EMC enterprise content division for $1.62 billion in a deal that, the companies say, will allow them to focus on their core missions.
The acquisition of the "highly profitable" Dell EMC Enterprise Content Division will allow OpenText to expand its related services to Asia and Africa and across a larger customer base, including the healthcare and oil production industries, said OpenText CEO and CTO Mark Barrenechea.
The deal will strengthen OpenText's position" in enterprise content management, which helps large businesses organize and store documents, in information archiving, and in cloud content and collaboration, he added.
The acquisition will also give OpenText "a profitable business of some of the industry's best enterprise content and document management solutions, along with satisfied, medium- to large-size company customers," Charles King, principal analyst at Pund-IT, said by email. "That's the kind of business you can build on."
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