Open Text completes sale of Vertica division... Expanding focus on AI and information management

This sale is part of OpenText's portfolio adjustment strategy, and the company plans to focus more on core business areas such as AI-based information management, cloud, and cybersecurity in the future. The sale proceeds will be used to reduce debt and improve financial structure. Vertica is a large-scale data analysis and high-performance analysis database platform that has been used in various industrial fields such as manufacturing, communications, and finance.