{"id":72190,"date":"2016-09-12T09:00:30","date_gmt":"2016-09-12T13:00:30","guid":{"rendered":"http:\/\/techvibes.com\/?p=72190"},"modified":"2016-09-12T12:41:31","modified_gmt":"2016-09-12T16:41:31","slug":"open-text-to-buy-dell-emcs-enterprise-content-unit-for-1-62-billion","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/open-text-to-buy-dell-emcs-enterprise-content-unit-for-1-62-billion","title":{"rendered":"Open Text to Buy Dell EMC\u2019s Enterprise Content Unit for $1.62 Billion"},"content":{"rendered":"<p>Open Text,\u00a0a global leader in Enterprise Information Management (EIM), has <a href=\"http:\/\/www.prnewswire.com\/news-releases\/opentext-signs-definitive-agreement-to-acquire-dell-emcs-enterprise-content-division-including-documentum-300326059.html\" target=\"_blank\">entered into a definitive agreement to acquire<\/a> Dell EMC\u2019s enterprise content division for $1.62 billion. Under terms of the deal, the software, associated services, and employees in the division will be integrated into Open Text.<\/p>\n<p>The companies also say they plan to negotiate a strategic commercial partnership to expand customer offerings. Open Text says the deal strengthens its enterprise information management business.<\/p>\n<p>&#8220;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,&#8221; said Chief Executive <a href=\"https:\/\/borndigital.com\/2015\/12\/18\/digital-disruption-2015-12-18\" target=\"_blank\">Mark Barrenechea<\/a>.<\/p>\n<p>The purchase price is 2.7 times the division\u2019s revenue of $599 million in its 2015 financial year.<\/p>\n<p>The deal is expected to close within 90 to 120 days and is subject to regulatory approval and customary closing conditions.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Open Text,\u00a0a global leader in Enterprise Information Management (EIM), has entered into a definitive agreement to acquire Dell EMC\u2019s enterprise content division for $1.62 billion. Under terms of the deal, the software, associated services, and employees in the division will be integrated into Open Text. The companies also say they plan to negotiate a strategic [&hellip;]<\/p>\n","protected":false},"author":54503,"featured_media":72196,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-72190","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/72190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/54503"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/72190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/72196"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=72190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=72190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=72190"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=72190"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=72190"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=72190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}