OREANDA-NEWS. HP Inc. today announced a definitive agreement to divest a portion of its software assets to OpenText, a leader in enterprise information management software. OpenText will acquire the technology assets and employees from four HP offerings - HP Exstream, HP Output Management, HP TeleForm and HP LiquidOffice. 

The sale is consistent with HP’s focus on optimizing its portfolio for long-term growth and its partner-centric approach to integrating best-of-breed software into its document workflow solutions. The transaction strengthens the existing HP and OpenText partnership and benefits customers by combining OpenText’s presence in document and content management solutions with HP’s leadership in managed print services. 

Subject to regulatory approvals and other customary closing conditions, HP expects the transaction to close later this fiscal year. 

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