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What is Liferay software used for?

What is Liferay software used for?
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SB
Lead Software Engineer
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It is a framework for large Web-Portals. It includes a CMS that is adapting to the user behaviour (experience platform). It can also run custom Java applets. Because of its high price it is only considered by websites with a budget of more than 1M USD.
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Liferay DXP helps companies deliver personalized and connected digital experiences across a broad range of channels, including customer portals, websites, intranets, mobile apps, and connected devices
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