Merger Notification - Announcement according to § 10 Cartel Act
Rocket Software, Inc.; Open Text Corporation
BWB/Z-6452
On 19.12.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The proposed transaction concerns the carve-out acquisition of the Application Modernization and Connectivity business of Open Text Corporation (Canada) by Rocket Software, Inc. (USA) which is controlled by funds ultimately managed and/or advised by Bain Capital Investors, LLC (USA).
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.01.2024.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 17.01.2024 .