- Open Text (NASDAQ:OTEX +2.4%) agrees to acquire customer communications software management assets from HP (HPQ +0.9%) for ~$315M.
- OTEX says the deal includes HP Extream, HP Output Management, HP TeleForm and HP LiquidOffice, which are collectively used to manage customer communications, process automation and document delivery.
- OTEX expects the acquired businesses to generate $110M-$125M of annualized revenue but be immediately accretive to earnings and on the OTEX operating model by the end of Q1 FY2017.