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Documentum is an enterprise content management platform, now owned by OpenText, as well as the name of the software company that originally developed the technology. EMC acquired Documentum for $1.7 billion in December, 2003. The Documentum platform was part of EMC's Enterprise Content Division (ECD) business unit, one of EMC's four operating divisions. On January 23, 2017, OpenText, a Canadian technology firm based in Waterloo, Ontario, Canada that specializes in enterprise content management, acquired Documentum from Dell EMC for $1.62 billion USD.