US EditionOpenText 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.
20 Articles
20 Articles
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.
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.
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.
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