Oct 3, 2025
Open Text (OTEX) announced another non-core divestiture, selling eDOCS to NetDocuments for $163M. The deal sheds $30M in revenue (sub-1%) and tightens the focus on its cloud business…
… and financial position, with the proceeds earmarked for leverage reduction.
The sell-down continues the company’s shift away from the former CEO’s M&A focused growth strategy…
… a narrative the market appears to be warming up to, with the stock up nearly 30% since new leader James McGourlay took over in August.
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