After a lot of back and forth, it's been decided that cyber, the whole of Microfocus Portfolio will be sold in early H2.
A private firm is very close to making the purchase but has made it clear to cut 75% of the team and no Marketing/BDR roles to be retained.
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Opentext new oxymoron strategy, shrink to grow.
See https://www.iteuropa.com/news/opentext-shrink-grow-strategy-may-mean-it-has-13bn-sales-hole
Selling non core SMB and consumer cybersecurity, DevOps, and analytics.
Keeping Content Management, IT Operations Management, Business Network, and Cybersecurity Enterprise.
However, knowing Opentext, mgmt will most likely be trimming the core businesses as well. Cost cutting to grow but not invest to grow. No long term focus, just short term focus.
@3rg The OP mentioned H2, which starts in January (H2 FY26). Give it a few more months and we'll see. I hope it's not true, but you never know.
So, this prediction was garbage.
@1wj "Micro focus employees should be ashamed of what they have built. It’s a pile of flaming p-o."
With at least 2 (almost 3) out of 4 cyber products being leader on the market? yeah MF employees are really ashamed of what they built.
Tell me you know fu-k all about MF Portfolio without telling me you know fu-k all about MF Portfolio.
I think your presentation oversimplifies a really complex situation.
There are parts of the current cybersecurity portfolio that don’t make sense inside an enterprise-focused company. Why are we in consumer backup or consumer antivirus? Why do we still have Hightail? These kinds of high-volume, low-margin businesses would probably do better inside a company built to run them — that’s just not OpenText’s model.
Any time there’s an acquisition, there’s always a cleanup and optimization phase. You’re also right that a few niche Micro Focus businesses will likely get spun off pretty quickly.
The truth is, Micro Focus was a mess. We only bought it because we had a CEO who was more interested in ego and impressing his Silicon Valley friends than building a sustainable long-term business. Many people believe that if OpenText hadn’t acquired Micro Focus, within a couple of years they would’ve been forced to sell it off in pieces at a bargain-basement price.
Micro focus employees should be ashamed of what they have built. It’s a pile of flaming p-o.
You sure it ia not just more wishful thinking? Because this is the same story we have been hearing from Cyber since even the MF days 😄
75% reduction of rest of world (non-India) I assume?
@r6 safe
Tom did not say we'd sell off a couple billion. he said around a billion in revenue.
What about SMB and Consumer Cyber?
@OP Do you know which PE firm? I hope it's not Clearlake Capital Group and Francisco Partners?
@eh OT fired the entire support staff of a recently acquired search product losing decades of DEEP product knowledge in the actual middle of knowledge transfer... There is no depth to the level of incompetence OT can achieve.
impossible
@eb hard agree
We literally still have projects implementing MF into OT - if we're selling all that can we uh
Can all the drowning teams hurry up and get those people back please? Some of those are still months away so if this is true OT is literally wasting resources to not at least pause those.
@d3 Nope not true. Especially when you state 75% cuts. Why make this up?
When Muhi’s role change was announced, the Cyber sale became quite obvious. As for some saying layoffs are part of the sale process, that’s true—at least financially, the numbers look better. ITOM and ADM have also completed key layoffs. Everything is quite clear.
Don’t think the world stops turning without us, there are cheaper staff. As long as the code for a software product still exists, it can be maintained and still hold value. Of course, forget about innovation—this is not a company where you can innovate.
Unlikely a PE would acquire without any staff in place
Engineering is already cut to the bone. Most teams are just holding things together, keeping dependencies updated, fix bugs and maintaining security compliance
@a8 it makes perfect sense. Part of the acquisition was layoffs so the PE firm doesn't have to pay unemployment costs. Or, less cynically, allows the employees to recieve a severance.
That statement definitely needs more support. It's rare for a company to cut so many roles in a single unit before selling it off. Normally, the key employees move with the business, and the new owner decides how to adjust staffing based on their financial goals. So what makes Cyber the exception? Even if they're operating somewhat independently, that doesn't fully explain it. And why would OpenText choose to make such a deep reduction before the sale?
Back it up then. you don’t know that. How could you ? What is your source of that. Anyone can post bs. Just more ot haters trolling this stupid forum.