One of Canada’s largest software companies, OpenText to buy the software from HP for $315mn. This would be the second system being purchased by OpenText from HP, the first was the Content management system, purchased around 2 months back. Hewlett Packard has been laying off its employees for a while now, and the share values have also been decreasing. OpenText, on the other hand, has risen over 44% in a year’s time.

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