OpenText Acquires Customer Communications Management Assets from HP
OpenText Corporation, provider of enterprise information management solutions, is entering into a definitive agreement to acquire the customer communications management (CCM) assets from HP Inc., including HP Exstream, HP Output Management, HP TeleForm, and HP LiquidOffice.
According to OpenText, the acquisition means it can now provide customer communications management, process automation, and document delivery solutions.
The transaction purchase price is approximately $315 million, according to OpenText. The solutions being acquired are expected to generate between $110 million and $125 millions in annualized revenue.
OpenText expects this acquisition to complement its StreamServe, OpenText MediaManager, OpenText TeamSite, and OpenText MediaBin products and allow it to better serve its customers by offering more CCM capabilities in areas such as authoring, workflow, and composition for multichannel document presentment and interactive communications.
OpenText and HP Inc. say they are also exploring opportunities to work together in the future to expand their software solutions to customers and serve a range of needs.
For more information, visit www.opentext.com.
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Acquisition will strengthen OpenText's position in e-discovery, EIM, analytics, and cloud