OpenText Completes Divestiture of Non-Core Unit for $163 Million
Prnewswire·2026-01-12 19:00WATERLOO, ON, Jan. 12, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed its previously announced divestiture of an on-premise solution, eDOCS, a part of its Analytics portfolio, to NetDocuments Software, Inc., for $163 Million in cash before taxes, fees and other adjustments. OpenText intends to use the net proceeds from the divestiture to reduce outstanding debt. "The closing of this transaction reinforces our strategic commitment to ...