The Canadian Press on MSN
OpenText sells non-core business to NetDocuments for US$163 million
TORONTO – Open Text Corp. says it has signed a deal to sell part of its analytics portfolio to NetDocuments for US$163 million in cash. The company says the business being sold is focused on ...
The pending acquisition, expected to be completed in early 2026, represents at least the second document management system absorbed by NetDocuments since 2022.
OpenText Corp. will sell its eDOCS legal document management system to NetDocuments Software Inc. for $163 million and use the proceeds to reduce its outstanding debt.
The company began exploring the sale of its “non-core assets” in August to focus on its core Information Management for AI business.
Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest an on-premise solution ...
OpenText has agreed to divest a part of its analytics portfolio to NetDocuments for $163 million in cash. The business, known as eDOCS, is primarily focused on automating the work of legal ...
TipRanks on MSN
OpenText to divest non-core unit for $163M
Open Text has reached a definitive agreement to divest an on-premise solution, eDOCS, a part of its Analytics portfolio, to NetDocuments, for ...
Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: ...
The union representing Canada Post workers says the Crown corporation is taking a major step backwards with its latest contract offers.
Open Text (NASDAQ:OTEX) announced on Thursday that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 ...
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