Under the terms of the agreement, the software, associated services, and employees of ECD will be integrated into OpenText.
“ECD provides great value for customers, and we are pleased that this will be enhanced as part of OpenText. In determining the best long-term future for ECD, we wanted to create a business with a leading position in Enterprise Information Management,” said David Goulden, President, Dell EMC.
“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. Importantly, OpenText also shares our commitment to deliver a world-class total customer experience. Today’s news is great for all stakeholders.”
The EIM provider claims that with strong industry offerings, expertise and footprints in healthcare, life sciences, and public sector, along with additional capacity in financial services, energy, and engineering, it will be able to further strengthen its vertical offerings, customer base, managed services, and geographical coverage.
“We are at the beginning of the Digital revolution where extreme connectivity, automation, and computing are converging,” said Mark J. Barrenechea, CEO and CTO, OpenText.
“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. We are very excited about the opportunities which ECD and Documentum bring, and I look forward to welcoming our new customers, employees, and partners to OpenText.”
OpenText and Dell EMC also announced today their intention to negotiate and enter into a strategic commercial partnership to expand customer offerings and to better serve customer needs.
