OpenText to Strategically Divest Non-Core Unit for US$163 Million
Provided By PR Newswire
Last update: Oct 2, 2025
Transaction accelerates announced strategy of divesting non-core businesses
WATERLOO, ON, Oct. 2, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash.
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