Open Text Selling Vertica for $150 Million

Dow Jones

02/02

By Robb M. Stewart

Open Text is selling part of its non-core analytics portfolio to Rocket Software for $150 million in cash, funds it plans to use to pay down debt.

The Canadian company, which is focusing on core products and expertise in secure data for enterprise AI, said Monday it reached a definitive agreement to divest Vertica to the Bain Capital portfolio company.

In the fiscal year through June 30, 2025, Vertica contributed about $80 million in revenue to Open Text.

Under the terms of the agreement with Rocket Software, software, customer contracts and associated services and employees will be transferred to the buyer. The transaction is expected to close during fiscal year 2026.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

February 02, 2026 09:40 ET (14:40 GMT)

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Stewart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/OTEX\">Open Text</a> is selling part of its non-core analytics portfolio to Rocket Software for $150 million in cash, funds it plans to use to pay down debt. \n</p>\n<p>\n  The Canadian company, which is focusing on core products and expertise in secure data for enterprise AI, said Monday it reached a definitive agreement to divest Vertica to the Bain Capital portfolio company. \n</p>\n<p>\n  In the fiscal year through June 30, 2025, Vertica contributed about $80 million in revenue to Open Text. \n</p>\n<p>\n  Under the terms of the agreement with Rocket Software, software, customer contracts and associated services and employees will be transferred to the buyer. The transaction is expected to close during fiscal year 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 09:40 ET (14:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OTEX","symbol_name":"Open Text Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608860877","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608860877","pubTimestamp":1770043200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Open Text is selling part of its non-core analytics portfolio to Rocket Software for $150 million in cash, funds it plans to use to pay down debt.The Canadian company, which is focusing on core products and expertise in secure data for enterprise AI, said Monday it reached a definitive agreement to divest Vertica to the Bain Capital portfolio company.In the fiscal year through June 30, 2025, Vertica contributed about $80 million in revenue to Open Text.Under the terms of the agreement with Rocket Software, software, customer contracts and associated services and employees will be transferred to the buyer. 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Stewart \n\n\n \n\n\nOpen Text is selling part of its non-core analytics portfolio to Rocket Software for $150 million in cash, funds it plans to use to pay down debt. \n\n\n  The Canadian company, which is focusing on core products and expertise in secure data for enterprise AI, said Monday it reached a definitive agreement to divest Vertica to the Bain Capital portfolio company. \n\n\n  In the fiscal year through June 30, 2025, Vertica contributed about $80 million in revenue to Open Text. \n\n\n  Under the terms of the agreement with Rocket Software, software, customer contracts and associated services and employees will be transferred to the buyer. The transaction is expected to close during fiscal year 2026. \n\n\n \n\n\n  Write to Robb M. 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