Published 5 months ago

OpenText divesting AMC business to Rocket Software for US$2.3 billion

Open Text Corp. Is divesting its mainframe-computer business to focus on cloud capabilities and AI, aiming for higher organic growth.
The company sold Micro Focus's application modernization and connectivity unit to Rocket Software Inc. For US$2.275 billion in cash.
The divestiture improves Open Text's balance sheet, accelerates its delivering targets, and provides capital flexibility.

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The Business Journals

Rocket Software agrees to buy OpenText's business for $2.2B+

Waltham-based Rocket Software has agreed to buy a Canadian business for more than $2.2 billion, one of the year's largest acquisition deals in the Bay State's enterprise software space.

5 months ago·United States

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Winnipeg Free Press

OpenText divesting AMC business to Rocket Software

OpenText Corp. says it’s divesting its AMC business to Rocket Software, Inc. for US$2.275 billion in cash. The Waterloo, Ont.-based company says it has reached a definitive agreement with Rocket, […]

5 months ago·Winnipeg, Canada

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Financial Post

Rocket Software to Acquire OpenText's Application Modernization and Connectivity Business

WALTHAM, Mass. -- Rocket Software, Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX), (TSX: OTEX), which was formerly part of Micro Focus. The total purchase price is $2.275B.

5 months ago·Canada

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Sask Today

OpenText divesting AMC business to Rocket Software for US$2.3 billion

OpenText Corp. says it's divesting its AMC business to Rocket Software, Inc. for US$2.275 billion in cash. The Waterloo, Ont.-based company says it has reached a definitive agreement with Rocket, a Bain Capital portfolio company.

5 months ago

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