Rocket Software Acquires Vertica Analytics Database from OpenText
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Acquisition Agreement: Rocket Software has announced a definitive agreement to acquire the Vertica analytics database from OpenText, a move that will enhance its capabilities in high-performance analytics and AI, with the transaction expected to close in mid-2026, further solidifying its market position.
- Integration Advantages: Vertica, as an enterprise-grade analytics database, supports cloud, on-prem, and hybrid deployments, combined with strong AI/ML capabilities, allowing Rocket to meet customer demands for handling sensitive, performance-intensive workloads, thereby improving business outcomes.
- Market Demand Response: According to PwC's 2026 Global CEO Survey, over 80% of CEOs are investing in AI and analytics to improve business outcomes, and through this acquisition, Rocket aims to help customers tackle challenges related to transforming data warehouses and repatriating analytics workloads to enable intelligent decision-making.
- Transparent Funding Source: Rocket Software intends to fund the acquisition with cash from its balance sheet, demonstrating its financial robustness and confidence in future growth, while also highlighting the company's successful track record in integrating complex acquisitions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy OTEX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on OTEX
Wall Street analysts forecast OTEX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OTEX is 39.11 USD with a low forecast of 35.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
1 Buy
8 Hold
0 Sell
Hold
Current: 25.530
Low
35.00
Averages
39.11
High
50.00
Current: 25.530
Low
35.00
Averages
39.11
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.
OpenText Divests Vertica to Rocket Software for $150M
- Strategic Shift: OpenText has announced the sale of its non-core analytics product Vertica to Rocket Software for $150 million in cash, aiming to refocus on core secure information management, Enterprise AI, and cloud solutions, thereby optimizing resource allocation.
- Revenue Contribution: Vertica generated approximately $80 million in annual revenue for the fiscal year ending June 30, 2025, and its divestiture will allow OpenText to concentrate on high-growth areas, enhancing overall financial health.
- Debt Management: The proceeds from this transaction are expected to be primarily used to reduce outstanding debt, helping OpenText improve its capital structure and enhance financial flexibility to support future investments and growth.
- Transfer of Services: Vertica's software, customer contracts, services, and employees will be transferred to Rocket Software, ensuring continuity of customer service while freeing up more resources for OpenText's core business.
Continue Reading
Rocket Software Acquires Vertica Analytics Database from OpenText
- Acquisition Agreement: Rocket Software has entered into a definitive agreement to acquire the Vertica analytics database from OpenText, aiming to enhance its modernization capabilities for high-performance analytics and AI, with the transaction expected to close in mid-2026.
- Integration Advantages: Vertica, as an enterprise-grade analytics database, supports cloud, on-prem, and hybrid deployments, combined with strong AI/ML capabilities, allowing Rocket to meet customer demands for handling sensitive, performance-intensive workloads, thereby improving business outcomes.
- Market Demand Response: According to PwC's 2026 Global CEO Survey, over 80% of CEOs are investing in AI and analytics to improve business outcomes, and through this acquisition, Rocket aims to help customers tackle challenges related to data warehouse transformation and repatriating analytics workloads to enable intelligent decision-making.
- Clear Funding Source: Rocket Software plans to fund the acquisition with cash from its balance sheet, demonstrating the company's financial robustness and confidence in future growth.
Continue Reading