Rocket Software to Acquire Vertica Analytics Database Platform from OpenText

Executive Summary

• Rocket Software entered into a definitive agreement to acquire the Vertica analytics database from OpenText.
• The acquisition expands Rocket’s portfolio into high‑performance analytics, data and AI modernization for cloud, on‑premise and hybrid environments.
• Funding will be provided with cash from Rocket’s balance sheet; closing is expected in mid‑2026 pending regulatory approvals.

Key Details

• Target: Vertica analytics database platform (currently owned by OpenText).
• Seller: OpenText (NASDAQ: OTEX, TSX: OTEX).
• Transaction Structure: Cash purchase funded from Rocket Software’s balance sheet; no mention of earn‑outs or stock consideration.
• Closing Timeline: Anticipated in the middle of calendar year 2026, subject to customary closing conditions and regulatory approvals.
• Strategic Rationale: Adds enterprise‑grade analytics capabilities, supports cloud/on‑prem/hybrid deployments, enhances AI/ML offerings, and strengthens Rocket’s position as a modernization partner without disruption.
• CEO Quote: Milan Shetti highlighted the “surge in AI investment” and how Vertica will help customers transform data warehouses, repatriate analytics workloads, and enable AI‑driven decision‑making.
• Historical Context: In May 2024 Rocket completed integration of OpenText’s Application Modernization and Connectivity (AMC) business, demonstrating experience with large, complex acquisitions.

Notable Quotes

“The surge in AI investment has heightened both the importance and the difficulty of turning data into real business value,” said Milan Shetti, President and CEO of Rocket Software. “With Vertica, we’re addressing the next wave of modernization challenges: transforming data warehouses, repatriating analytics workloads, and enabling AI‑driven decision‑making so customers can handle their most data‑intensive workloads and accelerate modernization.”