Opentext completes divestiture of application modernization and connectivity (amc) business to rocket software for $2.275b

Opentext to reduce debt by $2 billion waterloo, on , may 1, 2024 /prnewswire/ -- open text corporation (nasdaq: otex), (tsx: otex), today announced that it has successfully completed the divestiture of its amc/mainframe business to rocket software, inc., a bain capital portfolio company ("rocket software"), for $2.275 billion in cash before taxes, fees and other adjustments. "we are pleased to complete the divestiture of our amc/mainframe business to rocket software," said mark j.
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