Northwire Canada EditionTuesday, October 20, 2026
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M&A / Property

Open Text closes sale of eDOCS for $163-million (U.S.)

By The Northwire Desk — AI Analysis Jan 12, 2026 · 19:51 OTEX · 46.56 Open Text Corp
OTEX · Price

Executive Summary

  • Open Text Corp. has completed the divestiture of its non-core on-premise solution, eDOCS, to NetDocuments Software Inc.
  • The transaction was valued at $163 million in cash, before taxes, fees, and other adjustments.
  • Open Text intends to use the net proceeds from the sale to reduce outstanding debt.

Key Details

  • Transaction: Divestiture of eDOCS (an on-premise solution within the analytics portfolio).
  • Buyer: NetDocuments Software Inc.
  • Consideration: $163 million in cash (before taxes, fees, and other adjustments).
  • Use of Proceeds: Reduction of outstanding debt.
  • Strategic Rationale: Reinforces commitment to divesting non-core assets to sharpen focus on core business growth and long-term value creation.

Notable Quotes

  • "The closing of this transaction reinforces our strategic commitment to divest non-core assets as we continue to sharpen our focus on growing our core business to accelerate long-term value creation," said Tom Jenkins, Open Text executive chairman of the board and chief strategy officer.
Read the original news release →

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