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

Opentext to focus on cloud and ai opportunity within information management waterloo, on , nov. 28, 2023 /prnewswire/ -- open text corporation (nasdaq: otex), (tsx: otex), today announced that it has reached a definitive agreement to divest its amc business to rocket software, inc., a bain capital portfolio company ("rocket software"), for us$2.275 billion in cash. opentext's amc business provides market leading mainframe modernization and connectivity software to more than 10,000 customers enabling them to run mission-critical business applications in hybrid cloud environments.
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