Paul Treiber

Raimo Lenschow

Richard Tse

Stephanie Price

Kevin Krishnaratne

Thanos Moschopoulos

Samad Samana

Seth Gilbert

Adhir Kadve

Billy Fitzsimmons

George Michael Kurosawa

William Fitzsimmons

- **OpenText (OTEX) launched Cloud Editions (CE) 25.4** on **October 14, 2025**, introducing innovations designed to help organizations securely leverage their information and integrate AI.  **[1002638_20251014LA97306:0]** 
- CE 25.4 focuses on "**AI in Context**," providing tools to prepare trusted enterprise data for AI consumption, deliver functional role-specific AI solutions, and ensure secure, governed, and compliant information management.  **[1002638_20251014LA97306:0]** 
- The release includes **new Aviator capabilities** across various business functions, such as policy and compliance management, document classification, service management, and anomaly detection.  **[1002638_20251014LA97306:0]** 
- OpenText is also offering a comprehensive suite of **advisory and support services** to assist customers in maximizing the value of CE 25.4.  **[1002638_20251014LA97306:1]**

OpenText Launches Cloud Editions 25.4 with AI Innovations

- Open Text Corporation (OTEX) has reached a definitive agreement to **divest an on-premise solution (eDOCS)**, part of its Analytics portfolio, to NetDocuments for **US$163 million in cash**.  **[1002638_0001002638-25-000080_pressreleaseedocsdivestitu.htm:0]** **[1002638_0001002638-25-000080_otex-20251002.htm:1]** 
- The divested business contributed approximately **$30 million in annual revenue** in OpenText’s fiscal year ended June 30, 2025.  **[1002638_0001002638-25-000080_pressreleaseedocsdivestitu.htm:0]** 
- OpenText intends to use the proceeds from the sale to **reduce its outstanding debt**.  **[1002638_0001002638-25-000080_pressreleaseedocsdivestitu.htm:0]** 
- The transaction is expected to **close by early 2026**, subject to customary approvals and closing conditions.  **[1002638_0001002638-25-000080_pressreleaseedocsdivestitu.htm:0]**

Open Text Corporation to Divest Non-Core Unit

- Open Text Corporation (OTEX) has entered into a definitive agreement to divest its on-premise eDOCS solution, part of its Analytics portfolio, to NetDocuments for **US$163 million** in cash.  **[1002638_20251002LA88937:0]** 
- This divested business contributed approximately **$30 million** in annual revenue in OpenText's fiscal year ended June 30, 2025.  **[1002638_20251002LA88937:0]** 
- OpenText plans to use the proceeds from the sale to **reduce its outstanding debt** and enhance its focus on growing its core business centered on secure information management for AI.  **[1002638_20251002LA88937:0]** 
- The transaction is expected to close by **early 2026**, pending customary approvals and closing conditions.  **[1002638_20251002LA88937:0]**

OpenText to Divest Non-Core Unit

- **Open Text Corporation (OTEX)** announced the appointment of **Steve Rai** as **Executive Vice President, Chief Financial Officer**, effective **October 6, 2025**.  **[1002638_0001002638-25-000077_pressreleasecfoannouncemen.htm:0]** **[1002638_0001002638-25-000077_steveraiemploymentagreem.htm:0]** **[1002638_0001002638-25-000077_otex-20251001.htm:1]** 
- Mr. Rai brings over **30 years of global finance experience**, most recently serving as CFO of BlackBerry Limited.  **[1002638_0001002638-25-000077_pressreleasecfoannouncemen.htm:0]** **[1002638_0001002638-25-000077_otex-20251001.htm:1]** 
- His compensation package includes an annual base salary of **CAD$725,000**, a target annual bonus of **CAD$725,000**, and a target Long-Term Incentive Program (LTIP) value of **US$1,700,000**.  **[1002638_0001002638-25-000077_steveraiemploymentagreem.htm:1]** 
- **Cosmin Balota**, who served as Interim CFO for the past two months, will resume his role as Chief Accounting Officer.  **[1002638_0001002638-25-000077_pressreleasecfoannouncemen.htm:0]**

OpenText Appoints Steve Rai as EVP, Chief Financial Officer

- Open Text Corporation (OTEX) announced the appointment of **Steve Rai** as Executive Vice President, Chief Financial Officer.  **[1002638_20251001LA88609:0]** 
- Mr. Rai's new role is effective starting **October 6, 2025**.  **[1002638_20251001LA88609:0]** 
- He brings over **30 years of global finance experience** and previously served as Chief Financial Officer of BlackBerry Limited.  **[1002638_20251001LA88609:0]** 
- **Cosmin Balota**, who served as interim CFO for the past two months, will resume his role as Chief Accounting Officer.  **[1002638_20251001LA88609:0]**

OPEN TEXT (OTEX)