News came in late US time on 2 October that NetDocuments, headquartered in Utah, has entered into a definitive agreement to acquire OpenText’s legal document management solution (DMS), eDOCS for $163m in cash. The transaction is expected to be completed in early 2026. OpenText is listed on the NASDAQ and Toronto Stock Exchange and this has been kept under wraps until the last. It gives OpenText an exit from a market that hasn’t been core for a while and NetDocuments the opportunity to migrate its remaining customer base. It has some parallels with NetDocuments’ acquisition of Worldox three years ago, which accelerated NetDocuments growth in the small and medium law firm market. According to a press release from OpenText, the document business contributed $30m in revenue in the year ending 30 June 2025.
Under the agreement, NetDocuments will acquire the technical assets, intellectual property, and dedicated personnel associated with eDOCS. Following closing, NetDocuments says that eDOCS customers and partners will continue to be fully supported, while gaining a clear pathway toward integration with NetDocuments’ cloud-based legal DMS when they choose to adopt it.
Josh Baxter, CEO of NetDocuments. “Following the close of the transaction, eDOCS customers, employees, and partners will benefit from being part of a company that lives and breathes legal document management — and from the innovation and care that come from a singular focus on this domain. We are excited to extend our community, ensuring continuity today and transformative opportunities in the future.”
Until the transaction closes, the OpenText eDOCS business and NetDocuments will continue to operate separately and business as usual. We’re told that customers, partners, and employees should expect no changes to existing commitments or operations during this period.
We’ll bring you more on this shortly.
See also:
Breaking news: NetDocuments acquires Worldox in major DMS consolidation
