Added to YB: 2025-10-17
Pitch date: 2025-10-15
OTEX [neutral]
Open Text Corporation
-15.15%
current return
Author Info
Don Wharton is Executive Chair of SureSwift Capital Victoria. He writes about under-the-radar compounders. Sign up for the newsletter.
Company Info
Open Text Corporation designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.
Market Cap
$8.3B
Pitch Price
$39.13
Price Target
N/A
Dividend
3.27%
EV/EBITDA
8.70
P/E
17.65
EV/Sales
2.68
Sector
Software
Category
turnaround
OpenText Refocuses on AI Core and Hyperlume Joins Credo in Deep-Tech Acquisition
OTEX (update): Sells eDOCS unit for $163M cash to NetDocuments, closing early 2026. Proceeds reduce debt as part of 3-yr optimization plan refocusing on AI/info mgmt. eDOCS contributed ~$30M revenue. New leadership after CEO change in Aug following stalled growth. Evaluating more non-core asset sales.
Read full article (2 min)