September 12, 2016
Waterloo, Ont.-based OpenText Corp. announced today that it has entered into a definitive agreement to acquire Dell EMC’s Enterprise Content Division (ECD), including Documentum. ECD offers a suite of leading Enterprise Content Management solutions with deep industry focus, including the Documentum, InfoArchive and LEAP product families.
Under the terms of the agreement, the software, associated services, and employees of ECD will be integrated into OpenText.
Company officials say the US$1.6 billion acquisition is “expected to deepen” OpenText’s EIM offering with a portfolio focused on Enterprise Content Management (ECM) and Information Life Cycle Management.
OpenText and Dell EMC also announced today their intention to negotiate and enter into a strategic commercial partnership to expand customer offerings and to better serve customer needs.
“We are at the beginning of the digital revolution where extreme connectivity, automation, and computing are converging,” said OpenText CEO and CTO Mark Barrenechea. “This acquisition further strengthens OpenText as a leader in Enterprise Information Management, enabling customers to capture their digital future and transform into information-based businesses.”