OpenText to buy Dell EMC’s enterprise content unit for $1.62 billion

Canadian business software maker OpenText Corp said it agreed to buy Dell-EMC's enterprise content division for $1.62 billion to beef up its offerings for large businesses.

Written by Reuters

September 12, 2016 19:24 IST

Canadian business software maker OpenText Corp said it agreed to buy Dell-EMC’s enterprise content division for $1.62 billion to beef up its offerings for large businesses.

Barclays, which acted as a financial adviser, has provided a $1 billion debt commitment for the deal, OpenText said on Monday.

The deal is expected to immediately add to earnings, the company said.

This article was first uploaded on September twelve, twenty sixteen, at twenty-four minutes past seven in the evening.