OpenText , a global leader in Enterprise Information Management (EIM) solutions, has finalized the divestiture of its Application Modernization and Connectivity (AMC) business. The transaction, valued at $2.275 billion, sees Rocket Software as the acquiring party.
This divestiture underscores OpenText's commitment to sharpening its core competencies and enhancing shareholder value. By offloading its AMC business, OpenText aims to concentrate its resources on driving innovation and delivering cutting-edge EIM solutions to its clients across various sectors.
Rocket Software , renowned for its expertise in enterprise modernization and optimization solutions, stands to benefit from this acquisition. The addition of OpenText's AMC business aligns seamlessly with Rocket Software's strategic objectives, bolstering its position in the market and expanding its portfolio of offerings.
With the completion of this transaction, both OpenText and Rocket Software are poised for significant growth opportunities. OpenText can now channel its resources towards further innovation and expansion in its core areas of expertise, while Rocket Software gains access to a broader customer base and enhanced capabilities in application modernization and connectivity solutions.
This divestiture marks a pivotal moment for both companies, setting the stage for future success and positioning them as key players in the ever-evolving landscape of enterprise technology solutions.
Source: OpenText
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