OPEN TEXT CORP 8-K

What Happened

• Open Text Corporation announced on February 2, 2026 that it has reached a definitive agreement to divest Vertica, a part of its non‑core Analytics portfolio, to Rocket Software Inc. for US$150 million in cash. The sale price is stated before taxes, fees and other adjustments. The Company attached its press release as Exhibit 99.1 to the Form 8‑K.

Key Details

• Date: February 2, 2026 (8‑K filing and press release).
• Asset sold: Vertica (part of Open Text’s non‑core Analytics portfolio).
• Buyer: Rocket Software Inc.
• Consideration: US$150 million in cash, subject to taxes, fees and other adjustments; transaction described as a definitive agreement.

Why It Matters

• This is a divestiture of a non‑core asset, which can simplify Open Text’s product mix and provide a cash inflow of roughly $150M (subject to adjustments).
• The filing does not disclose expected closing timing, detailed financial impact on revenue or earnings, or use of proceeds; investors should watch for future disclosures (e.g., closing confirmation, purchase price adjustments, and any related charges or gains) in subsequent filings or press releases.