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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.

1 year ago·United States

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Prince George Citizen

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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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.

1 year ago·Barrie, Canada

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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.

1 year ago·Sault Ste. Marie, Canada

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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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Flin Flon Reminder

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.

1 year ago·Flin Flon, Canada

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Winnipeg Free Press broke the news in Winnipeg, Canada 1 year ago on Tuesday, November 28, 2023.

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