Canada firm to buy Dell-EMC unit for $1.62bn

Opentext Corp, a Canadian business software maker, is buying Dell-EMC’s enterprise content division for $1.62bn (£1.21bn).

The move is one of the last remaining non-core asset disposals Dell needs to make following its deal to acquire data storage company EMC for $63bn last year, the largest tech deal in history.

Opentext is looking to expand its services to larger businesses and the Dell software arm – that allows companies to store as little content as possible – is seen to be at odds with Dell-EMC’s cloud storage and data centre business model.

Read more: Michael Dell talks EMC deal, leadership style, cyber attacks

The unit pulled in around $600m in revenue in 2015.

The deal is the latest in a string of purchases by Opentext. It agreed to buy HP’s customer management software business earlier this year and before that it bought a set of content management software tools from …