---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-26-000011"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:31:26.191788+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001002638-26-000011
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263826000011/0001002638-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263826000011/otex-20260202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-26-000011
- JSON: https://secwatch.observer/filing/0001002638-26-000011.json
- Plain text: https://secwatch.observer/filing/0001002638-26-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.