OpenText to Divest Vertica to Rocket Software for $150 Million
February 2, 2026
OpenText has reached a definitive agreement to divest Vertica, its non-core analytics portfolio unit, to Rocket Software for US$150 million in cash. The Vertica software, customer contracts, and associated services and employees will transfer to Rocket Software, with closing expected during OpenText’s fiscal year 2026 subject to customary approvals and conditions.
- Buyers
- Rocket Software Inc.
- Targets
- Vertica
- Sellers
- OpenText Corporation
- Industry
- Data & Analytics
- Location
- United States
- Transaction Type
- Divestiture
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