OpenText to Divest Vertica to Rocket Software for $150 Million

Rocket Software Acquires OpenText's Application Modernization and Connectivity Business

May 7, 2024

Software

Rocket Software has completed the acquisition of OpenText's Application Modernization and Connectivity (AMC) business for $2.275 billion. The deal — a divestiture from OpenText — adds 770+ engineers and go-to-market staff, increases Rocket's revenue by over 60%, and expands its customer base to 12,500+ companies and 750+ partners worldwide.

Vertex Aerospace Acquires Raytheon Technologies' Defense Training and Mission Critical Solutions Business Lines

December 7, 2021

Aerospace & Defense

Vertex Aerospace, owned by private equity firm American Industrial Partners, agreed to acquire Raytheon Technologies' Defense Training and Mission Critical Solutions business lines, a group of businesses that generated approximately $1.0 billion in sales in 2020. The transaction (a divestiture by Raytheon Technologies) adds roughly 2,000 employees to Vertex, expands its training, mission-critical support and modernization capabilities, and broadens its government and commercial aerospace contract portfolio.

OpenText Acquires Micro Focus in $6 Billion All-Cash Deal

August 26, 2022

Software

OpenText announced it has reached an agreement on the terms of a recommended all-cash offer to acquire Micro Focus for 532 pence per share, valuing the enterprise at about $6 billion. The deal is expected to close in the first quarter of calendar 2023, subject to shareholder, court, and regulatory approvals.

Cohesity Acquires Veritas' Data Protection Business to Form $7B Company

February 8, 2024

Cybersecurity

Cohesity has combined with Veritas Technologies' enterprise data protection business to create a combined data-protection leader valued at roughly $7 billion. The transaction—funded by a Series H led by Haveli Investments with participation from multiple existing and new investors—scales Cohesity's AI-powered data security and management portfolio, expands workload support (including Veritas NetBackup and appliances), and positions Sanjay Poonen to lead the combined company.

OpenText Acquires Zix Corporation

November 8, 2021

Cybersecurity

OpenText completed the acquisition of Zix Corporation, a SaaS-based email encryption, threat protection and compliance cloud provider for SMBs, for $8.50 per share in a transaction valued at approximately $860 million. The deal expands OpenText's SMB cloud portfolio, brings roughly 5,600 managed service partners, deepens its Microsoft relationship, and is expected to be accretive to adjusted EBITDA and ARR.

Qvantel Acquires Optiva Inc.

December 31, 2025

Software

Qvantel Oy completed its acquisition of Optiva Inc. via a statutory plan of arrangement, acquiring all issued and outstanding common shares of Optiva. The transaction paid Optiva shareholders C$0.25 per common share, cancelled Optiva's US$108.6 million PIK notes with consideration to noteholders (including purchaser shares, purchaser-issued senior secured notes and warrants), and will result in Optiva being dissolved and delisted from the Toronto Stock Exchange. The combined company expands Qvantel's telecom monetization and digital operations portfolio and supports more than 70 operators with a global workforce exceeding 1,000 professionals.