OpenText to buy Dell EMC’s enterprise content division

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. 

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