OpenText sells Vertica for $150M to focus on core AI data management business

OpenText has completed the sale of its Vertica structured data analytics platform to Rocket Software for $150 million in cash. This move aligns with OpenText's strategy to divest non-core assets and focus investment on its main data management and enterprise AI business. The company plans to use the proceeds to reduce debt, while Rocket Software takes over the software, client contracts, and employees. This divestiture reflects OpenText's disciplined capital allocation and commitment to sustained growth and value creation.