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BtoB

Open Text to acquire Eloquent for $6.7 million

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Waterloo, Ont.--Open Text Corp., which provides collaborative and management software, said Thursday that it has entered into a definitive agreement to acquire Eloquent Inc. for $6.7 million. Eloquent provides video conference and sales links services. The companies expect the transaction to close in the next 90 days subject to certain conditions, including approval by Eloquent's stockholders.
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