• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    OpenText On Track to Buy Micro Focus

    12/22/22 6:30:00 PM ET
    $MFGP
    $OTEX
    Computer Software: Prepackaged Software
    Technology
    EDP Services
    Technology
    Get the next $MFGP alert in real time by email

    OpenText Receives All Regulatory Approvals with Expected Closing on January 31, 2023

    WATERLOO, ON, Dec. 22, 2022 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) announced jointly with Micro Focus International plc (LSE: MCRO) today that all regulatory conditions pertaining to the all-cash offer by OpenText, through its wholly-owned subsidiary, Open Text UK Holding Limited (Bidco), to acquire the entire issued and to be issued share capital of Micro Focus as announced on August 25, 2022 (the Acquisition), have now been satisfied. Subject to the Court sanctioning the Scheme, which is expected to occur on January 27, 2023, the Acquisition is expected to close on January 31, 2023.

    OpenText logo (PRNewsfoto/Open Text Corporation) (PRNewsfoto/Open Text Corporation)

    The joint announcement, a copy of which is available at https://www.microfocus.com/en-us/investors, contains an updated timetable to close the Acquisition. Full details and the terms and conditions of the Acquisition can be found at https://investors.opentext.com.

    "With the shareholder approval received, successful financing completed and now, all regulatory conditions satisfied, we have a clear path towards closing the Acquisition," said OpenText CEO & CTO Mark J. Barrenechea. "We are excited to welcome Micro Focus customers, partners and employees to the OpenText family and helping our customers create the digital fabrics of the future."

    About OpenText

    OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ:OTEX, TSX:OTEX) visit opentext.com

    Additional Information

    U.S. shareholders (and Micro Focus ADS Holders) should note that the Acquisition relates to an offer for the shares of a UK company that is a "foreign private issuer" as defined under Rule 3b-4 under the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), and is being made by means of a scheme of arrangement provided for under English company law. The Acquisition, implemented by way of a scheme of arrangement, is not subject to the tender offer rules or the proxy solicitation rules under the Exchange Act. Accordingly, the Acquisition is subject to the procedural and disclosure requirements, rules and practices applicable to a scheme of arrangement involving a target company in the UK listed on the London Stock Exchange, which differ from the requirements of the U.S. tender offer and proxy solicitation rules. If, in the future, OpenText and/or Bidco exercises its right to implement the Acquisition by way of a takeover offer and determines to extend the takeover offer into the United States, the Acquisition will be made in compliance with applicable U.S. securities laws and regulations, including Sections 14(d) and 14(e) of the Exchange Act and Regulations 14D and 14E thereunder. Such a takeover offer would be made in the United States by OpenText and/or Bidco and no one else.

    Cautionary Statement Regarding Forward-Looking Statements

    The Acquisition will be subject to the applicable requirements of English law, the UK City Code on Takeovers and Mergers (the Takeover Code), the UK Panel on Takeovers and Mergers, the London Stock Exchange and the UK Financial Conduct Authority.

    This press release is for information purposes only and is not intended to and does not constitute or form any part of an offer to purchase, or solicitation of an offer to buy, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition or otherwise. The Acquisition shall be made solely by means of the Scheme Document which, together with the forms of proxy, shall contain the full terms and conditions of the Acquisition. Any decision in respect of, or other response to, the Acquisition should be made only on the basis of the information in the Scheme Document (or, if the Acquisition is implemented by way of a takeover offer, the takeover offer document).

    This press release contains forward-looking statements or information (forward-looking statements) within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Exchange Act, Section 27A of the U.S. Securities Act of 1933, as amended (the Securities Act), and other applicable securities laws of the United States and Canada, and is subject to the safe harbors created by those provisions. All statements other than statements of historical facts are statements that could be deemed forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "could," "would," "might," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements, and are based on our current expectations, forecasts and projections about the operating environment, economies and markets in which we operate. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. Our estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. We can give no assurance that such estimates, beliefs and assumptions will prove to be correct.

    These forward-looking statements involve known and unknown risks and uncertainties, such as those relating to the Court approval relating to the Acquisition, the expected benefits of the Acquisition (including as noted in any forward-looking financial information), the failure of the Acquisition to close for any reason, uncertainties as to access to available financing, the expected effects of the Acquisition, on us, the acquired company and, following completion of the Acquisition (if completed), the Enlarged Group, the expected timing and scope of the Acquisition, all statements regarding our (and the Enlarged Group's) expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities, plans and objectives of management, the timing impact and other uncertainties of future or planned acquisitions or disposals or offers, the inability of the Enlarged Group to realize successfully any anticipated synergy benefits when the Acquisition is implemented (including changes to the board and/or employee composition of the Enlarged Group), our inability to integrate successfully the acquired company's operations and programs when the Acquisition is implemented, the Enlarged Group incurring and/or experiencing unanticipated costs and/or delays (including IT system failures, cyber-crime, fraud and pension scheme liabilities), or difficulties relating to the Acquisition when the Acquisition is implemented, actual and potential risks and uncertainties relating to the ultimate geographic spread of COVID-19, the severity and duration of the COVID-19 pandemic and issues relating to the resurgence of COVID-19 and/or new strains or variants of COVID-19, including actions that have been and may be taken by governmental authorities to contain COVID-19 or to treat its impact, including the availability, effectiveness and use of treatments and vaccines, and the effect on the global economy and financial markets as well as the potential adverse effect on our business, operations, and financial performance, the impact of the Russia-Ukraine conflict on our business, including our decision to cease all direct business in Russia and Belarus and with known Russian-owned companies, as well as our ability to develop, protect and maintain our intellectual property and proprietary technology and to operate without infringing on the proprietary rights of others. We rely on a combination of copyright, patent, trademark and trade secret laws, non-disclosure agreements and other contractual provisions to establish and maintain our proprietary rights, which are important to our success. From time to time, we may also enforce our intellectual property rights through litigation in line with our strategic and business objectives.

    The actual results that we achieve may differ materially from any forward-looking statements, which reflect management's current expectations and projections about future results only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revisions to these forward-looking statements. For additional information with respect to risks and other factors which could materially affect our business, financial condition, operating results and prospects, including these forward-looking statements, see our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings we make with the SEC and other securities regulators. For these reasons, we caution you not to place undue reliance upon any forward-looking statements.

    Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

    OTEX-MNA

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/opentext-on-track-to-buy-micro-focus-301709405.html

    SOURCE Open Text Corporation

    Get the next $MFGP alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $MFGP
    $OTEX

    CompanyDatePrice TargetRatingAnalyst
    Open Text Corporation
    $OTEX
    9/15/2025$45.00Sector Perform → Outperform
    National Bank Financial
    Open Text Corporation
    $OTEX
    8/12/2025$33.00Buy → Hold
    Jefferies
    Open Text Corporation
    $OTEX
    12/17/2024$32.00Neutral
    UBS
    Open Text Corporation
    $OTEX
    11/1/2024$45.00 → $33.00Outperform → Sector Perform
    RBC Capital Mkts
    Open Text Corporation
    $OTEX
    8/2/2024Outperform → Sector Perform
    National Bank Financial
    Open Text Corporation
    $OTEX
    5/3/2024$50.00 → $38.00Outperform → Market Perform
    BMO Capital Markets
    Open Text Corporation
    $OTEX
    2/27/2024$45.00Buy
    Jefferies
    Open Text Corporation
    $OTEX
    3/22/2023$41.00Equal Weight
    Barclays
    More analyst ratings

    $MFGP
    $OTEX
    SEC Filings

    View All

    Amendment: SEC Form SCHEDULE 13G/A filed by Open Text Corporation

    SCHEDULE 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/7/25 5:36:56 PM ET
    $OTEX
    EDP Services
    Technology

    Open Text Corporation filed SEC Form 8-K: Leadership Update, Other Events

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    10/6/25 5:08:02 PM ET
    $OTEX
    EDP Services
    Technology

    Open Text Corporation filed SEC Form 8-K: Leadership Update

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    10/1/25 4:29:56 PM ET
    $OTEX
    EDP Services
    Technology

    $MFGP
    $OTEX
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    OpenText Partners with Core42 to Advance United Arab Emirates' Digital Transformation through AI Innovations

    Hon. Evan Solomon, Canada's Minister of AI and Digital Transformation Participates in Signing Ceremony at annual Dubai GITEX Global Conference DUBAI, Oct. 15, 2025 /CNW/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced the signing of a strategic Memorandum of Understanding (MOU) with Core42, a G42 company specializing in sovereign cloud and AI infrastructure, to accelerate artificial intelligence (AI), cloud, and automation initiatives across the United Arab Emirates (UAE) public sector. The collaboration aims to deliver sovereign, scalable, and secure digital solutions aligned with the UAE's national vision for technological le

    10/15/25 3:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for AI-Augmented Software Testing Tools

    WATERLOO, Ontario, Oct. 15, 2025 /PRNewswire/ -- OpenText™ (NASDAQ/TSX:OTEX), a global leader in secure information management for AI, today announced it has been named a Leader in the 2025 Gartner(R) Magic Quadrant™ for AI-Augmented Software Testing Tools.   OpenText Core Software Delivery Platform (formerly known as ValueEdge) is a cloud-based value stream management and DevOps platform that includes comprehensive AI-powered functional, performance, and security testing capabilities. The AI-augmented testing capabilities found in OpenText Core Software Delivery Platform help

    10/15/25 9:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Named a Leader in 2025 Gartner® Magic Quadrant™ for Application Security Testing for the 11th Successive Year

    Recognition based on OpenText's Ability to Execute and Completeness of Vision WATERLOO, ON, Oct. 14, 2025 /PRNewswire/ -- OpenText™ (NASDAQ/TSX:OTEX), a global leader in secure information management for AI, today announced it has been named a Leader in the 2025 Gartner Magic Quadrant review for Application Security Testing (AST) for the 11th consecutive year.  OpenText™ Application Security helps organizations build resilient software by embedding security testing across the entire development lifecycle. The company's application security platform combines proven SAST, DAST,

    10/14/25 1:46:00 PM ET
    $OTEX
    EDP Services
    Technology

    $MFGP
    $OTEX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Open Text upgraded by National Bank Financial with a new price target

    National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00

    9/15/25 8:01:48 AM ET
    $OTEX
    EDP Services
    Technology

    Open Text downgraded by Jefferies with a new price target

    Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00

    8/12/25 7:56:21 AM ET
    $OTEX
    EDP Services
    Technology

    UBS initiated coverage on Open Text with a new price target

    UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00

    12/17/24 8:15:27 AM ET
    $OTEX
    EDP Services
    Technology

    $MFGP
    $OTEX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3: New insider Open Text Corp claimed ownership of 1,000 shares

    3 - OPEN TEXT CORP (0001002638) (Reporting)

    12/23/21 4:05:16 PM ET
    $OTEX
    EDP Services
    Technology

    $MFGP
    $OTEX
    Leadership Updates

    Live Leadership Updates

    View All

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints Steve Rai EVP, Chief Financial Officer

    WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025.  Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financ

    10/1/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Announces Leadership Transition

    Appoints 25-Year OpenText Veteran James McGourlay as Interim Chief Executive Officer Board of Directors Establishes Executive Committee and Commences CEO Search Company to Continue to Explore Portfolio-Shaping Opportunities to Enhance Focus WATERLOO, ON, Aug. 11, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive Officer, effective immediately. Mr. McGourlay has been with the Company for more than 25 years and has held senior roles in sales, customer operations, IT, technical support, product support

    8/11/25 7:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    $MFGP
    $OTEX
    Financials

    Live finance-specific insights

    View All

    OpenText to Report First Quarter Fiscal Year 2026 Financial Results on Wed, November 5, 2025 and Host Conference Call on Thurs, November 6, 2025

    WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t

    10/8/25 5:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText to Strategically Divest Non-Core Unit for US$163 Million

    Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash. The business to be divested is part of OpenText's Analytics product group, primarily focused on automating the work of legal professionals, and contributed approximately $30 mil

    10/2/25 5:45:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Reports Fourth Quarter and Fiscal Year 2025 Financial Results

    $1.86B of Cloud Revenues, 2.0% Y/Y growth Announces 5% increase of dividend New $300 million share repurchase program Fiscal 2025 Annual Highlights Y/Y (in millions)(1) Total Revenues Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $5,168 $1,856 $436 $1,784 $1.65 $3.82 $831 $687 -10.4% Y/Y 2.0% Y/Y 8.4% margin 34.5% margin -3.5% Y/Y -8.4% Y/Y -14.2% Y/Y -15.0% Y/Y   "OpenText had a strong Q4 and our cloud business is accelerating. Cloud bookings growth surged to 32%, driven by demand for our new AI-driven Titanium X platform. For the full Fiscal 2025, we delivered 13% total cloud RPO growth, 2.0% cloud revenue growth, an overall Adj EBI

    8/7/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    $MFGP
    $OTEX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:45:34 AM ET
    $OTEX
    EDP Services
    Technology

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:44:11 AM ET
    $OTEX
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Open Text Corporation (Amendment)

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    2/14/24 4:15:39 PM ET
    $OTEX
    EDP Services
    Technology