On October 2, 2025, OpenText announced a definitive agreement to divest its on‑premise eDOCS solution, part of its Analytics portfolio, to NetDocuments for $163 million in cash. The transaction is expected to close early 2026 subject to customary approvals and will remove a $30 million annual revenue unit from OpenText’s portfolio.
The divestiture aligns with OpenText’s strategy to focus on core secure information‑management and AI‑driven cloud offerings. Proceeds from the sale will be used to reduce outstanding debt, supporting the company’s capital‑allocation framework and freeing management bandwidth to accelerate growth in its core business.
NetDocuments will integrate the software, customer contracts, services, and employees into its platform, ensuring a seamless transition for existing eDOCS users. The transaction underscores OpenText’s commitment to rationalizing non‑core assets and enhancing shareholder value through disciplined balance‑sheet management.
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