Only a few days after Dell and EMC finalized their merge to Dell Technologies Inc., OpenText Corporation, an Ontario-based enterprise information management company, announced it has entered into a definitive agreement to acquire Dell EMC’s Enterprise Content Division (ECD) including Documentum, InfoArchive and LEAP products, for $1.62 billion, according to a press release today.
“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,” said Mark J. Barrenechea, CEO and CTO, OpenText, in the press release.
As part of the agreement, software, services and employees of Dell EMC’s ECD will integrate into OpenText, further enhancing content enablement and expanding the focus on enterprise content and life cycle management, the press release states.
Dell EMC’s ECD offerings will enable customers to manage content across the enterprise securely and compliantly, and will be available as on-premises, cloud or hybrid architectures, said Barrenechea in an OpenText blog. The goal is to maintain the company’s presence in the financial services, energy and engineering sectors while expanding into the public sector, health care and life sciences industries.
Today’s ultra-competitive marketplace demands effective and efficient content management and delivery strategies that help businesses access relevant information at the moment of need. More specifically, various types of files including videos, presentations, documents and rich media need to be available whenever and wherever employees need it, explains Joe Moriarty, CEO of Content Raven, in a blog.
According to an article in The Wall Street Journal, Dell Technologies is shifting their focus from the applicability of conventional servers and storage hardware to cloud computing, cybersecurity and predictive analytics.
One of the biggest challenges with enterprise content management and global file sharing is secure content delivery to internal and external audiences. Successful organizations understand how critical it is to design with content security in mind and implement content control strategies to keep information safe.
By establishing content control strategies, organizations maintain central control over who can access any given document at any time, said Moriarty in a blog on securing documents for collaboration.
“OpenText shares our vision for the transformation to digital business, our passion for the role of information in the digital world and the breadth of capabilities to help our customers realize that vision,” said David Goulden, president, Dell EMC, in the release.
Earlier this year, OpenText, acquired customer experience content management business including software and services from HP Inc., for $170 million. The recent acquisition of Dell EMC’s ECD is expected to close within the next four months.