---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-26-000048"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2026-05-11T13:01:25+00:00"
generated_at: "2026-05-11T18:21:23.590977+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Divestiture of non-core structured data analytics platform Vertica completed.
- US$150 million in cash before taxes, fees, and adjustments.
- Net proceeds intended to reduce outstanding debt.
- CEO Ayman Antoun says deal aligns with non-core divestiture strategy.

## SEC filing metadata
- accession: 0001002638-26-000048
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2026-05-11T13:01:25+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263826000048/0001002638-26-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263826000048/otex-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-26-000048
- JSON: https://secwatch.observer/filing/0001002638-26-000048.json
- Plain text: https://secwatch.observer/filing/0001002638-26-000048.txt

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