OpenText to divest non-core eDOCS solution to NetDocuments for $163 million
PositiveFinancial Markets

OpenText has announced its decision to divest its non-core eDOCS solution to NetDocuments for $163 million. This strategic move allows OpenText to focus on its core offerings while NetDocuments expands its portfolio, enhancing its position in the document management market. This transaction is significant as it reflects the ongoing trend of companies streamlining operations to better align with their primary business objectives.
— Curated by the World Pulse Now AI Editorial System