OpenText Completes Sale of eDOCS to NetDocuments for $163 Million

Open Text Corporation -0.09%

Open Text Corporation

OTEX

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Open Text Corporation has completed the sale of its on-premise solution, eDOCS, which was part of its Analytics portfolio, to NetDocuments Software, Inc. for $163 million in cash before taxes, fees, and other adjustments. The company plans to use the net proceeds from the sale to reduce outstanding debt.

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