Highest-materiality recent filing
OpenText completes $1.0 billion senior secured notes offering and extends revolver maturity to 2031
OpenText issued $500M of 6.700% senior secured notes due 2031 and $500M of 7.150% senior secured notes due 2033, totaling $1.0B.
OpenText accepts $300M of 3.875% 2028 notes in oversubscribed tender; proration 43.05%
Tender for 3.875% Senior Notes due 2028 oversubscribed: $697.563M tendered vs. $300M maximum; company accepts $300M with proration factor 43.047752%.
OpenText cuts tender cap for 3.875% notes due 2028 to $300M from $450M; deadlines pushed to Sept 30
Aggregate Maximum Tender Amount for the 3.875% Senior Notes due 2028 reduced to $300 million principal from $450 million; all other terms, including the Financing Condition, unchanged.
OpenText prices $1.0B senior secured notes to redeem 2027 notes, fund 2028 tender
$500M 6.700% notes due 2031 and $500M 7.150% notes due 2033 priced; close expected Oct 1, 2026.
Proposed notes offering will fund redemption in full of $1.0B 6.900% Senior Secured Notes due 2027 plus premium.
OpenText to redeem $1.0B of 6.900% 2027 notes, may offer new senior secured notes
Conditional redemption of $1.0B 6.900% Senior Secured Notes due 2027 on Oct 2, 2026, subject to financing condition.
OpenText Q4 FY2026 revenue $1.35B (+2.9% YoY); GAAP EPS $0.64, Non-GAAP $1.23; dividend $0.28
Q4 total revenues $1.349B (+2.9% YoY); cloud revenues $503M (+6.0% YoY); enterprise cloud bookings $295M (+24.1% YoY).
OpenText appoints Jill Larsen to board; Kristen Ludgate resigns
Jill Larsen, Chief People Officer at Synopsys, appointed to OpenText board effective July 17, 2026.
OpenText sells Vertica to Rocket Software for $150M cash; proceeds to reduce debt
Divestiture of non-core structured data analytics platform Vertica completed.
OpenText Q3 FY2026: rev $1.28B (+2.2%), cloud +6.6%, net income $173M; new CEO Antoun
Total revenues $1.283B (+2.2% YoY); cloud revenues $493M (+6.6% YoY); enterprise cloud bookings $196M (+29.6% YoY).
OpenText names Ayman Antoun CEO; McGourlay becomes President/CCO, Duggan steps down
James McGourlay transitions from Interim CEO to President, Chief Client Officer, effective April 20, 2026.
OpenText prelim Q3FY26 revenue ~$1.28B; CEO Ayman Antoun starts Apr 20
Preliminary Q3FY26 revenue expectation of approximately US$1.28 billion.
OpenText increases share repurchase program by US$200M to US$500M
Total authorization raised from US$300M to US$500M for fiscal 2026 NCIB.
OpenText Q2 FY2026 revenues $1.33B (-0.6% YoY); cloud growth 3.4%; EPS $0.66 GAAP, $1.13 non-GAAP
Total revenues $1.327B (-0.6% YoY); cloud revenues $478M (+3.4% YoY), 20th consecutive quarter of cloud organic growth.
OpenText to sell Vertica to Rocket Software for $150M cash; proceeds to reduce debt
Definitive agreement to divest Vertica (non-core Analytics portfolio) to Rocket Software for $150M cash, before taxes, fees and adjustments.
OpenText appoints Ayman Antoun as CEO effective April 20, 2026
Ayman Antoun, former President of IBM Americas, named CEO; effective April 20, 2026, succeeding interim CEO James McGourlay.
OpenText completes divestiture of eDOCS unit for $163M; proceeds to reduce debt
Sold eDOCS on-premise solution (part of Analytics portfolio) to NetDocuments Software for $163M in cash before taxes and fees.
OpenText shareholders renew poison pill, elect all 12 directors at 2025 meeting
Shareholders approved Amended Rights Plan triggering at 20% ownership (96.42% for).
Total revenues $1.288B (+1.5% YoY); cloud revenues $485M (+6.0% YoY) with 19 consecutive quarters of organic cloud growth.
OpenText appoints former CGI CEO George Schindler to board of directors
George Schindler appointed to OpenText board effective October 6, 2025.
OpenText divests non-core eDOCS unit for $163M; proceeds to reduce debt
Definitive agreement to sell eDOCS on-premise solution to NetDocuments for $163M in cash.
OpenText appoints Steve Rai as EVP, CFO effective Oct 6, 2025
Steve Rai appointed EVP, CFO of OpenText, effective October 6, 2025.
OpenText presents at BMO TMT Conference with no new financial details
OpenText presented at BMO Technology, Media, and Telecommunications Conference on September 8, 2025.
OpenText names Cosmin Balota interim CFO; details C$4,688/period premium, C$100k bonus, 20k options
Cosmin Balota, SVP & CAO, will serve as interim CFO effective August 15, 2025.
Open Text appoints James McGourlay as Interim CEO; discloses compensation terms
James McGourlay appointed Interim CEO effective August 11, 2025.
James McGourlay, 25-year OpenText veteran, named Interim CEO effective August 11, 2025.
OpenText Q4 GAAP EPS $0.11, revenue $1.311B; FY2025 cloud revenue +2%, dividend up 5%
Q4 total revenue $1.311B (-3.8% YoY); GAAP net income $29M (-88.4% YoY), GAAP EPS $0.11, Non-GAAP EPS $0.97.
OpenText Q4 FY2025 prelim revenue ~$1.31B; CFO Chadwick Westlake to depart Aug 15
Preliminary Q4 FY2025 revenue expectations of approx. US$1.31 billion (strong, subject to normal adjustments).
OpenText appoints Kristen Ludgate, former HP Chief People Officer, to board of directors
Kristen Ludgate appointed to OpenText board effective June 26, 2025.
Total revenues $1.254B, down 13.3% Y/Y; annual recurring revenues $1.030B, down 10.1% Y/Y.
OpenText boosts share repurchase authorization by $150M to $450M; sets up automatic purchase plan
Fiscal 2025 NCIB increased from $300M to $450M, a 50% hike; max shares unchanged at 21.2M.
OpenText names Chadwick Westlake as CFO, effective March 5, 2025
Chadwick Westlake appointed EVP, CFO effective March 5, 2025, succeeding Madhu Ranganathan.
OpenText Q2 revenue $1.335B (-13%), cloud up 3%, GAAP EPS $0.87, adj EBITDA margin 37.6%
Total revenues $1.335B, down 13.1% YoY (-4.9% adj. for AMC divestiture); ARR $1.053B, down 8.1%.
OpenText appoints Savinay Berry as CPO; Muhi Majzoub moves to Security Products
Savinay Berry named EVP & Chief Product Officer, effective Jan 27, 2025.
OpenText appoints Fletcher Previn to board of directors
Fletcher Previn appointed to OpenText Board on November 25, 2024.
OpenText Q1 FY2025 revenues $1.27B (-11% YoY); GAAP EPS $0.32, Non-GAAP $0.93
Revenue $1.27B (down 11% YoY, but only down 1.8% adjusted for AMC divestiture).
OpenText shareholders reject Say-on-Pay; director Powell departs; all other directors re-elected
Say-on-Pay advisory vote: 74.89% against (163.8M votes), strong dissent on executive compensation.
FY2024 total revenues $5.77B (+28.6% YoY); Q4 revenues $1.36B (-8.6% YoY reflecting AMC divestiture).
OpenText appoints former Accenture Group CEO Annette Rippert to board
Annette Rippert appointed to OpenText board effective July 9, 2024.
OpenText plans net workforce reduction of 400 jobs targeting $150M annual savings
Reduction of ~1,200 positions offset by ~800 new roles in Sales, Services and Engineering; net ~400 reduction (1.7% of workforce).
OpenText reprices term loan, cuts margin by 0.50% and removes SOFR adjustment
Term loan facility reduced to $2.23B; new 2024 Replacement Term Loans issued to repay existing loans.
OpenText completes $2B debt reduction using AMC divestiture proceeds
Repaid $940M to terminate Term Loan B due 2025.
OpenText Q3 revenue $1.45B (+16% YoY); cloud bookings up 53%; launches $250M buyback
Total revenues of $1.447B, up 16.3% YoY; ARR $1.146B, up 13.3% YoY.
OpenText closes $2.275B divestiture of AMC business to Rocket Software, plans $2B debt reduction
Completed sale of Application Modernization & Connectivity (AMC) business to Rocket Software for $2.275B in cash, before taxes and fees.
OpenText appoints Todd Cione as President WW Sales; Ted Harrison to retire Sep 2024
EVP Enterprise Sales Ted Harrison retires effective Sep 15, 2024; becomes Strategic Advisor to WW Sales President.
OpenText Q2 rev $1.535B (+71% YoY), record cloud bookings, and $2.275B AMC divestiture
Total revenues $1.535B, up 71% YoY; ARR $1.146B (75% of total); cloud revenues $450M (+10.1%).
Open Text extends revolver maturity to Dec 2028; replaces borrower entity
Maturity of $750M revolver extended to Dec 19, 2028 from Oct 31, 2024.
OpenText appoints Goldy Hyder to Board of Directors effective Dec 6, 2023
Goldy Hyder appointed to OpenText Board of Directors, effective December 6, 2023.
OpenText sells Application Modernization & Connectivity business to Rocket Software for $2.275B
Base purchase price of $2,275,000,000; transaction structured as share purchase, asset transfer, and options.
OpenText to sell AMC business to Rocket Software for $2.275B; focuses on Cloud & AI
All-cash purchase price of $2.275B; 4.6x AMC's FY23 revenue (~$500M) and 8.3x Adjusted EBITDA (~$275M).
On July 17, 2026 , Open Text Corporation (“OpenText” or the “Company”) announced the appointment of Jill Larsen to its board of directors (the “Board”) effective immediately.
Ms. Ludgate’s resignation from the Board was for personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
to succeed Madhu Ranganathan.
appointment of Chadwick Westlake as Executive Vice President, Chief Financial Officer, effective March 5, 2025, to succeed Madhu Ranganathan.
Open Text Corporation (“OpenText”) announced the appointment of Savinay Berry as EVP & Chief Product Officer
Muhi Majzoub would be taking on a new role as EVP, Security Products
On November 25, 2024, the Board of Directors (the “Board”) of Open Text Corporation (“OpenText”) appointed Fletcher Previn to its board of directors.
Ann M. Powell informed the Company of her decision not to stand for election to the Board of Directors of the Company at the Meeting.
On July 9, 2024, the Board of Directors (the “Board”) of Open Text Corporation (“OpenText”) appointed Annette Rippert as a director, effective immediately.
Mr. Simon (Ted) Harrison, EVP, Enterprise Sales, has decided to retire from the Company effective September 15, 2024.
promotions of Mr. Paul Duggan as President and Chief Customer Officer
the appointment of Mr. Todd Cione as President of OpenText Worldwide Sales
Max materiality 0.90 · Median 0.62 · Most common event leadership