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OpenText selling analytics database Vertica to Rocket Software for US$150M
OpenText will use the $150 million cash sale to reduce debt and focus on cloud and AI data security, with Vertica contributing about $80 million in annual revenue.
Summary by Winnipeg Free Press
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10 Articles
Winnipeg Free Press+5 Reposted by 5 other sources
OpenText selling analytics database Vertica to Rocket Software for US$150M
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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The sale includes Vertica's software, customer contracts, services and employees. The post OpenText sells Vertica to Rocket Software for $150M US appeared first on Les Affaires.
OpenText sells analytics database Vertica to pay down debt
OpenText has inked its second business unit sale within five months, this time selling off its analytics business Vertica to US-based Rocket Software for $150 million USD ($205 million CAD) in cash. The sale process is part of what the company calls a focus on its core business: information management for AI. OpenText provides a suite of cloud-based information management solutions to businesses. Vertica is one of those products, capable of ana…
Coverage Details
Total News Sources10
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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