Dell EMC continues to offload unwanted divisions within the new company, and the latest victim is its Enterprise Content Division (ECD), including Documentum. They have been acquired by enterprise information management company Opentext.com, for $1.62 billion (£1.22bn). The transaction is still subject to regulatory approvals, and is expected to close within 90 to 120 days. All software, associated services, and employees of ECD will be integrated into OpenText. OpenText hopes to "further strengthen its vertical offerings, customer base, managed services, and geographical coverage". The acquisition was made with the help of Barclays, which served as a financial advisor to OpenText and also provided… [Continue Reading]
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