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"Author: Ritika Singh, Category: Mergers & Acquisitions, Industry: Technology, Title: OpenText to acquire HP Inc assets for $315Mln , Snippet: Canadian enterprise software maker OpenText Corporation has announced the acquisition of HP Inc.'s customer management software business assets for $315 million. The transaction includes HP Output Management, HP Extream, HP TeleForm and HP LiquidOffice software's which are collectively used to manage customer communications for enterprises. The deal will generate $110 million to $125 million of annualized revenue for OpenText and help it expand its customer management services portfolio. OpenText is among Canada's largest software companies and makes products for enterprises to manage large volumes of content. The company has earlier acquired content management software tools from HP for $170 million. HP has been trying to reign in costs by cutting jobs as a part of its restructuring program. OpenText's shares were up 2%", www.dealcurry.com
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