OpenText to sell Vertica to Rocket Software for $150M cash; proceeds to reduce debt

OPEN TEXT CORP

Definitive agreement to divest Vertica (non-core Analytics portfolio) to Rocket Software for $150M cash, before taxes, fees and adjustments.
Vertica contributed approximately $80M in annual revenue in fiscal year ended June 30, 2025.
Proceeds to be used to reduce outstanding debt; transaction expected to close in fiscal 2026.
Software, customer contracts, services and employees will transfer to Rocket Software (Bain Capital portfolio company).
Goldman Sachs acting as financial advisor to OpenText.

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