Core Viewpoint - OpenText Corporation has completed the divestiture of its on-premise solution eDOCS to NetDocuments Software, Inc. for $163 million, with plans to use the proceeds to reduce outstanding debt [1][2]. Group 1: Transaction Details - The divestiture of eDOCS is part of OpenText's strategy to divest non-core assets and focus on its core business for long-term value creation [2]. - The transaction amount is $163 million in cash before taxes, fees, and other adjustments [1]. Group 2: Strategic Intent - OpenText aims to sharpen its focus on growing its core business, which is expected to accelerate long-term value creation [2]. - The company intends to utilize the net proceeds from the divestiture specifically for debt reduction [2]. Group 3: Company Overview - OpenText is recognized as a global leader in secure information management for AI, helping organizations manage their data effectively [3]. - The company's technologies are designed to convert data into contextual information, forming a knowledge base for AI applications [3].