OpenText to Divest Vertica for US$150 million

Core Insights - OpenText Corporation has reached a definitive agreement to divest Vertica, a non-core part of its Analytics portfolio, to Rocket Software for US$150 million in cash [1][2] - The divestiture aligns with OpenText's strategic plan to focus on core product offerings and secure data solutions for Enterprise AI, aiming to strengthen its portfolio and enhance long-term growth and shareholder value [2][3] - Vertica contributed approximately US$80 million in annual revenue for OpenText in the fiscal year ending June 30, 2025, and the proceeds from the sale will be used to reduce outstanding debt [2] Transaction Details - The transaction involves the transfer of software, customer contracts, associated services, and employees to Rocket Software, with an expected closing during fiscal year 2026, pending customary approvals [3] - Goldman Sachs & Co. LLC is serving as the financial advisor for OpenText in this transaction [4]