OpenText to divest non-core unit for $163 million (OTEX:NASDAQ)

OpenText to divest non-core unit for $163 million (OTEX:NASDAQ)

OpenText sells eDOCS to NetDocuments for $163M to reduce debt. Learn how this deal impacts OTEX's Analytics portfolio and future strategy.

OpenText to Strategically Divest Non-Core Unit for US$163 Million

OpenText (NASDAQ: OTEX) announced a definitive agreement to sell its on-premise eDOCS solution from the Analytics portfolio to NetDocuments for US$163 million in cash on Oct. 2, 2025. The divested business generated approximately $30 million in annual revenue in the fiscal year ended June 30, 2025. OpenText says it will use proceeds to reduce outstanding debt. The software, customer contracts, services, and employees will transfer to NetDocument…