OpenText has sold its Vertica analytics business to Rocket Software for $150M, marking the company's second major business unit sale in five months as it works to reduce outstanding debt.
OpenText has sold its Vertica analytics business to Rocket Software for $150 million, marking the company's second major business unit sale within five months as part of a broader strategy to reduce its outstanding debt.
The deal, announced on February 2, 2026, represents a significant shift in OpenText's portfolio strategy. Vertica, a high-performance analytics platform that OpenText acquired as part of its 2017 purchase of Hewlett Packard Enterprise's software assets, has been a key player in the big data analytics space.
Strategic Debt Reduction
This sale comes as OpenText continues to streamline its operations and focus on core business areas. The $150 million injection will help the company address its debt obligations while allowing Rocket Software to expand its analytics capabilities.
"This transaction allows OpenText to focus on our core information management portfolio while Rocket Software can leverage Vertica's technology to enhance their offerings," said a company spokesperson.
Context of Recent Sales
The Vertica sale follows OpenText's December 2025 sale of its Exceed onDemand remote access solution to a private equity firm. These divestitures suggest a deliberate strategy to monetize non-core assets and strengthen the company's balance sheet.
Rocket Software's Acquisition Strategy
For Rocket Software, acquiring Vertica represents a strategic expansion into the analytics market. Rocket, known for its enterprise software solutions, particularly in mainframe modernization and database management, gains a sophisticated analytics platform that complements its existing product suite.
"Vertica's columnar database technology and analytics capabilities will significantly enhance our ability to serve enterprise customers with advanced data processing needs," said Rocket Software executives in a statement.
Industry Implications
The sale reflects broader trends in the enterprise software market, where companies are increasingly focusing on core competencies and divesting non-strategic assets. It also highlights the ongoing consolidation in the analytics and data management space.
Technical Considerations
Vertica's technology, which includes advanced columnar storage and in-database analytics, has been particularly valued in industries requiring real-time analytics at scale. The platform's ability to handle petabyte-scale data sets while maintaining query performance has made it a choice solution for telecommunications, financial services, and government applications.
The transition of Vertica to Rocket Software will likely involve careful planning to ensure continuity for existing customers, many of whom rely on the platform for mission-critical analytics workloads.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
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