secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001002638-26-000011
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000011/0001002638-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263826000011/otex-20260202.htm
  HTML page:      https://secwatch.observer/filing/0001002638-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer