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OpenText Completes Divestiture of Non-Core Unit for $163 Million
OpenText Completes Divestiture of Non-Core Unit for $163 Million PR Newswire Open...
About this update from Open Text Corporation
[{"type":"text","content":"OpenText Completes Divestiture of Non-Core Unit for $163 Million\n\n\nOpenText Completes Divestiture of Non-Core Unit for $163 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nPR Newswire\n\n\nOpenText to Use Proceeds to Reduce Debt\nWATERLOO, 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.\n\n\n\n\n\n\n\n\"The closing of this transaction reinforces our strategic commitment to divest non-core assets as we continue to sharpen our focus on growing our core business to accelerate long-term value creation,\" said Tom Jenkins, OpenText Executive Chairman of the Board and Chief Strategy Officer.\nOpenText intends to use the net proceeds from the divestiture to reduce outstanding debt.\nAbout OpenText\nOpenText™ is a global leader in secure information management for AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for AI. Learn more at www.opentext.com.\nCautionary Statement Regarding Forward-Looking Statements\nCertain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out here...