OpenText divests non-core eDOCS unit for $163M; proceeds to reduce debt

OPEN TEXT CORP

Definitive agreement to sell eDOCS on-premise solution to NetDocuments for $163M in cash.
Divested business contributed ~$30M annual revenue in FY2025 (ended June 30).
Transaction expected to close by early 2026, subject to customary approvals.
OpenText intends to use proceeds to reduce outstanding debt.
Divestiture aligns with strategy to focus on core secure information management for AI.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.