OpenText Completes US$150 Million Divestiture of Non-Core Vertica to Rocket Software

Transaction advances OpenText's strategy, divesting non-core structured data analytics platform WATERLOO, ON, May 11, 2026 /PRNewswire/ -- Open Text™ Corporation (NASDAQ/TSX: OTEX), a global leader in data management for enterprise AI, today announced the completion of its divestiture of Vertica to Rocket Software Inc., a Bain Capital portfolio company, for US$150 million in cash before taxes, fees, and other adjustments.  "This transaction is consistent with our non-core divestiture strategy and our disciplined approach to capital allocation.