Enterprise Information Management provider OpenText recently announced that it has closed on the acquisition of Dell EMC’s Enterprise Content Division, including Documentum. Documentum is an enterprise content management platform that enables organizations to unite teams, content, and associated business processes. OpenText’s price of purchase is $1.62 billion, with $650 million being made up of cash on hand.
OpenText is a global, publically-traded Canadian software company with more than 8,200 employees in over 140 offices around the world. OpenText’s software solutions help large enterprises manage and secure their unstructured digital data – the kind that doesn’t easily fit into the rows and columns of a database – and use it to benefit their business and gain competitive advantage.
The company’s CEO & CTO Mark J. Barrenechea comments on the announcement: “Customers are rethinking their enterprise platforms to better compete in the age of digital. EIM is the key platform to enable that transformation, and our acquisition of Documentum and the Enterprise Content Division from DELL EMC significantly strengthens our market leading position. We are pleased to welcome 5,000 marquee customers, 2,000 employees and over 300 partners to OpenText. Customers are responding very well to our Release 16 and this acquisition extends our leadership in content services, information archives, key verticals, and the Cloud.”
OpenText has made several notable acquisitions over the last 12 months, spending more than $2.35 billion in total. In April, they swallowed up the software segment of HP, the 3rd largest software company in the world from a revenue perspective. Later that same month, they absorbed ANXeBusiness, a provider of managed network, transaction delivery, and product lifecycle management products and services. In June, enterprise search and categorization platform Recommind became a part of OpenText.
According to OpenText, a market and financial update will be provided during the OpenText second quarter fiscal year 2017 financial results call on February 2, 2017.
Read the official press release.