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Open Text to Sell AMC Business to Rocket Software for $2.28 Billion in Cash

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Open Text agreed to divest its application modernization and connectivity business to Rocket Software for about $2.28 billion in cash.

Open Text, which develops and markets enterprise information management software and solutions, said the deal reinforces and expands its focus on the cloud and artificial intelligence and results in more predictable growth.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


Open Text agreed to divest its application modernization and connectivity business to Rocket Software for about $2.28 billion in cash.

Open Text, which develops and markets enterprise information management software and solutions, said the deal reinforces and expands its focus on the cloud and artificial intelligence and results in more predictable growth.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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