OpenText to Create 400 Jobs with €105 Million Investment in Cork and Galway to Expand Agentic AI and Sovereign Cloud in Europe

Taoiseach Micheál Martin TD and CEO of IDA Ireland Michael Lohan join OpenText to announce new Cork Centre of Excellence for EMEA Investment marks the largest in Ireland by a Canadian-headquartered technology company, advancing R&D in agentic AI, sovereign cloud and cyber resilience for EMEA clients DUBLIN, June 12, 2026 /PRNewswire/ -- OpenText™ (NASDAQ/TSX: OTEX), a Waterloo, Ontario, Canada headquartered global leader in data management for enterprise AI, today announced a €105 million investment that will create 400 new jobs across the company's sites in Ireland over the next three years. The commitment, which doubles OpenText's investment in Ireland, will significantly expand the company's agentic AI, cybersecurity, sovereign cloud, and digital operations capabilities in service of European, Middle East & African (EMEA) economies and public sectors.

PRNewsWire • 19 hours ago

This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason

When thinking about America's neighbors in the Great White North, maple syrup, hockey, and poutine routinely come to mind. However, Canada's robust and highly sophisticated tech sector may deserve more attention.

MarketBeat • Jun 10, 2026

Tap These 5 Bargain Stocks With Amazingly Low EV-to-EBITDA Ratios

FAF, CAL, CVE, UGP and OTEX stand out with attractive EV-to-EBITDA ratios and strong earnings outlooks.

Zacks Investment Research • Jun 2, 2026

OpenText Among First Canadian Companies to Join OECD Global Safe AI Reporting Framework

WATERLOO, ON, May 29, 2026 /PRNewswire/ -- OpenText™ (NASDAQ/TSX: OTEX), a global leader in data management for enterprise AI, today joined the OECD's Hiroshima AI Process (HAIP) Reporting Framework, the international mechanism where organizations demonstrate alignment with the G7's voluntary code of conduct for the safe development and deployment of advanced AI. "Trust in AI begins with the data underneath the model and how it is governed, protected and contextualized," said Ayman Antoun, Chief Executive Officer of OpenText.

PRNewsWire • May 29, 2026

Is Open Text (OTEX) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research • May 28, 2026

How Much Upside is Left in Open Text (OTEX)? Wall Street Analysts Think 30.66%

The average of price targets set by Wall Street analysts indicates a potential upside of 30.7% in Open Text (OTEX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Zacks Investment Research • May 28, 2026

Open Text (OTEX) Upgraded to Buy: Here's What You Should Know

Open Text (OTEX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Zacks Investment Research • May 28, 2026

Rocket Software Completes Acquisition of Vertica, Expanding High-Performance Analytics and AI for Mission-Critical Systems

WALTHAM, Mass., May 11, 2026 (GLOBE NEWSWIRE) -- Rocket Software, Inc. (“Rocket Software”), a global technology leader in modernization software, today announced the completion of its acquisition of Vertica®, an enterprise-grade analytics database platform, from OpenText (NASDAQ: OTEX), (TSX: OTEX).

GlobeNewsWire • May 11, 2026

OpenText Completes US$150 Million Divestiture of Non-Core Vertica to Rocket Software

Transaction advances OpenText's strategy, divesting non-core structured data analytics platform WATERLOO, ON, May 11, 2026 /PRNewswire/ -- Open Text™ Corporation (NASDAQ/TSX: OTEX), a global leader in data management for enterprise AI, today announced the completion of its divestiture of Vertica to Rocket Software Inc., a Bain Capital portfolio company, for US$150 million in cash before taxes, fees, and other adjustments.  "This transaction is consistent with our non-core divestiture strategy and our disciplined approach to capital allocation.

PRNewsWire • May 11, 2026

Open Text Q3 Earnings Call Highlights

Open Text NASDAQ: OTEX used its fiscal third-quarter 2026 earnings call to highlight record cloud metrics, expanding margins, and a steady full-year revenue outlook, while newly appointed CEO Ayman Antoun outlined early priorities focused on clients, execution, and building an organic growth plan. Get Open Text alerts:Sign UpNew CEO outlines priorities centered on clients, partners, and execution Antoun, speaking on his 14th working day as CEO, said his near-term focus is guided by four priorities: “listen,” “learn,” “assess,” and “build.

MarketBeat • May 8, 2026