OpenText Corporation announced an agreement to divest Vertica, a non-core analytics asset, to Rocket Software for US$150 million in cash. The sale advances OpenText’s strategy to focus on secure information management for enterprise AI and cloud solutions. Executive chairman P. Thomas Jenkins said rationalizing non-core assets strengthens capital allocation and long-term growth.
Vertica generated about US$80 million revenue in fiscal 2025. Interim CEO James McGourlay said the deal places Vertica with a committed owner and supports customers during transition. Proceeds will reduce debt. Rocket Software is backed by Bain Capital.
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