Open Text to Sell Non-Core Unit for $163 Million

MT Newswires Live

2025/10/03

Open Text (OTEX) said late Thursday that it has struck a deal to sell an on-premise solution, eDOCS, to NetDocuments for $163 million in cash.

The company said the business is part of its Analytics product group and contributed about $30 million in annual revenue in the fiscal year ended June 30, 2025.

OpenText said it plans to use the proceeds to reduce its debt. It expects to close the transaction in early 2026.

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