---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-287433"
form_type: "8-K/A"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:07:42.717713+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OpenText sells Application Modernization & Connectivity business to Rocket Software for $2.275B

## Summary
- Base purchase price of $2,275,000,000; transaction structured as share purchase, asset transfer, and options.
- Business comprises distribution, licensing, and R&D of Transferred Products; 764 employees assumed by Buyer.
- Agreement dated November 28, 2023; closing subject to regulatory approvals and other customary conditions.
- Excluded liabilities include certain Taxes, employee benefit obligations, and specified retained matters.
- Seller representations and warranties survive closing for up to 18 months (general) or longer (fundamental).

## SEC filing metadata
- accession: 0001193125-23-287433
- form_type: 8-K/A
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000119312523287433/0001193125-23-287433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000119312523287433/d28925d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-287433
- JSON: https://secwatch.observer/filing/0001193125-23-287433.json
- Plain text: https://secwatch.observer/filing/0001193125-23-287433.txt

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