June 20, 2016 / 1:22 PM / in a year

BRIEF-OpenText signs agreement to buy HP's customer communications management

June 20 (Reuters) - Open Text Corp :

* OpenText signs definitive agreement to acquire customer communications management and other assets of HP Inc

* Transaction purchase price is approximately USD $315 million

* OpenText Corp says deal to be immediately accretive to earnings and on opentext operating model by end of Q1 F17

* Transaction is expected to close in Q1 of FY17

* Solutions being acquired are expected to generate between USD $110 and USD $125 millions of annualized revenues

* Co, HP Inc also exploring opportunities to work together in future to expand their software solutions Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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