M&A Deal Summary

OpenText Acquires HP - Customer Communications Management Assets

On June 20, 2016, OpenText acquired communications company HP - Customer Communications Management Assets from HP for 315M USD

Acquisition Highlights
  • This is OpenText’s 1st transaction in the Communications sector.
  • This is OpenText’s 8th largest (disclosed) transaction.
  • This is OpenText’s 21st transaction in the United States.
  • This is OpenText’s 5th transaction in California.

M&A Deal Summary
Date 2016-06-20
Target HP - Customer Communications Management Assets
Sector Communications
Buyer(s) OpenText
Sellers(s) HP
Deal Type Divestiture
Deal Value 315M USD

Target

HP - Customer Communications Management Assets

California, United States
HP, Inc. - Customer Communications Management Assets is a provider of communication services.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada

website

Category Company
Founded 1991
Sector Software
Employees14,300
Revenue 3.5B USD (2022)
DESCRIPTION

OpenText is an independent software provider of enterprise information management (EIM). Open Text was founded in 1991 and is based in Waterloo, Canada.

DEAL STATS #
Overall 31 of 43
Sector (Communications) 1 of 1
Type (Divestiture) 5 of 7
State (California) 5 of 8
Country (United States) 21 of 31
Year (2016) 3 of 5
Size (of disclosed) 8 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Recommind

San Francisco, California, United States

Recommind, Inc. is a provider of eDiscovery, and information analytics. Recommind's SaaS and managed services solutions include, Axcelerate for eDiscovery review and analysis, Perceptiv for contract analytics and Decisiv for enterprise-wide information access.

Buy $163M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 EMC - Enterprise Content Division

Hopkinton, Massachusetts, United States

EMC Corp. - Enterprise Content Division offers a suite of enterprise content management solutions with deep industry focus, including the Documentum ™, InfoArchive™, and LEAP™ product families.

Buy $1.6B

Seller(S) 1

SELLER

HP

Palo Alto, California, United States

website

Category Company
Founded 1939
Sector Technology Hardware
Employees51,000
Revenue 63.0B USD (2022)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is the hardware successor to Hewlett-Packard Company. The Group focuses on providing hardware, printers, and personal computing products. The original Hewlett-Packard Co. dates back to 1939 and the new entity was formed in November 2015. HP was founded in 1939 and is based in Palo Alto, California.

DEAL STATS #
Overall 14 of 14
Sector (Communications) 1 of 1
Type (Divestiture) 10 of 10
State (California) 5 of 5
Country (United States) 13 of 13
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 Hewlett Packard

Spring, Texas, United States

Hewlett Packard is a provider of enterprise services and technology. The Company's products and service include server, storage, networking, and support. HPE was spun out of HP Inc. in November 2015. Hewlett Packard was founded in 1939 and is based in Spring, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Samsung Electronics - Printer Business

Seoul, South Korea

Samsung Electronics Co., Ltd.’s printing business delivers digital offerings to the printing industry with solutions that change workplaces into smart offices. Samsung’s printer business also brings an intellectual property portfolio of more than 6,500 printing patents and a world-class workforce that includes nearly 1,300 researchers and engineers with advanced expertise in laser printer technology, imaging electronics, and printer supplies and accessories to support continued innovation in print market solutions.

Buy $1.1B
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