OpenText sells Vertica to Rocket Software for $150 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy OTEX?
OpenText Corp's stock has fallen significantly, hitting a 20-day low amid a broader market decline, with the Nasdaq-100 down 2.15% and the S&P 500 down 1.28%.
The company has announced the divestiture of its Vertica analytics database to Rocket Software for $150 million in cash. This strategic move aims to refocus on core secure information management, Enterprise AI, and cloud solutions, which is expected to enhance OpenText's financial health by allowing it to concentrate on high-growth areas and reduce outstanding debt.
This sale reflects OpenText's commitment to optimizing resource allocation and improving its capital structure, positioning the company for future investments and growth in its primary business areas.
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Analyst Views on OTEX
Wall Street analysts forecast OTEX stock price to rise
8 Analyst Rating
1 Buy
7 Hold
0 Sell
Hold
Current: 24.820
Low
26.00
Averages
31.88
High
50.00
Current: 24.820
Low
26.00
Averages
31.88
High
50.00
About OTEX
Open Text Corporation is a Canada-based information management company, which provides software and services. Its comprehensive Information Management platform and services provide secure and scalable solutions for global companies, small and medium-sized businesses (SMBs), governments and consumers around the world. It has a complete and integrated portfolio of information management solutions delivered at scale in the OpenText Cloud, enabling organizations master modern work, automate application delivery and modernization, and optimize their digital supply chains by bringing together content cloud, cybersecurity cloud, business network cloud, information technology (IT) operations management cloud, application modernization cloud and analytics cloud. It also accelerates information modernization with intelligent tools and services for moving off paper, automating classification and building clean data lakes for Artificial Intelligence (AI), analytics and automation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Report Preview: Investors should note that Boyd Group is set to release its fourth-quarter results on March 18, which will provide critical insights into its future performance and stock price trajectory.
See More
OpenText (OTEX) Q2 2026 Earnings Call Transcript
See More
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See More
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- Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $286 million or $1.13 per share, showing a decline from the previous year but reflecting efforts in cost control amidst challenging market conditions.
- Revenue Slightly Down: The company's revenue for the quarter was $1.326 billion, down 0.6% from $1.334 billion last year, indicating weak market demand that could impact future growth prospects.
- Market Reaction: Given the earnings and revenue misses, Open Text's stock may face downward pressure, prompting investors to closely monitor the company's strategic adjustments and market recovery efforts.
See More
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- Ongoing Transformation: Open Text continues to face growth challenges but is actively transforming its business to optimize product offerings and enhance service quality, ensuring long-term sustainability.
- Asset Sale Announcement: The company plans to sell its analytics business Vertica to Rocket Software for $150 million, a move that not only helps refocus on core operations but may also provide additional funding for future strategic investments.
See More
