OpenText Closes $1.62 Billion Acquisition of Dell EMC’s Enterprise Content Division

OpenText has closed its acquisition of Dell EMC’s Enterprise Content Division. The $1.62 billion transaction, which includes Documentum, will add 2,000 employees to OpenText’s workforce.

“Customers are rethinking their enterprise platforms to better compete in the age of digital,” said OpenText CEO Mark J. Barrenechea. “Our acquisition of Documentum and the Enterprise Content Division from DELL EMC significantly strengthens our market leading position.”

Through the deal, OpenText gained 5,000 customers and 300 partners.

“This acquisition extends our leadership in content services, information archives, key verticals, and the Cloud,” Barrenechea said.

Open Text to Buy Dell EMC’s Enterprise Content Unit for $1.62 Billion