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Open Text Corporation
Traded as TSXOTEX
Industry Computer software
Founded 1991; 26 years ago (1991)
Founder Tim Bray, Gaston Gonnet, Frank Tompa
Headquarters Waterloo, Ontario, Canada
Key people
Mark Barrenechea, CEO & CTO
Products Enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, discovery and analytics software
Revenue Increase US$ $1.936 billion (FY 2015[1])
Number of employees
14,467 (as of March, 2017)
OpenText Richmond Hill Office

Open Text Corporation is a Canadian company that develops and sells enterprise information management (EIM) software.[2]

Open Text (also referred as OpenText) is headquartered in Waterloo, Ontario, Canada,[3] is Canada's largest software company as of 2014[4] and recognized as one of Canada's Top 100 Employers 2016 by Mediacorp Canada Inc.[5]

Open Text software applications manage content or unstructured data for large companies, government agencies, and professional service firms.[citation needed] Open Text aims its products at addressing information management requirements, including management of large volumes of content, compliance with regulatory requirements, and mobile and online experience management.[citation needed]

Open Text employs over 10,000 people worldwide[6] and is a publicly traded company, listed on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTEX).


Open Text Corporation was founded in 1991 by University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet.[7] It was a successor to Open Text Systems Inc., founded in 1989. The company was spun off from a University of Waterloo project that developed technology to index the Oxford English Dictionary.[8]

Key people involved later include Tom Jenkins, who joined the company as COO in 1994. Tom Jenkins later became President and Chief Executive Officer,[9] and has been Executive Chairman since 2013. John Shackleton served as President from 1998–2011, and as CEO from 2005 - 2011. Mark Barrenechea was been President and CEO of Open Text since 2012.[10] Mark Barrenechea was named Canadian Business CEO of the year in 2015.[11] From January 2016, Steve Murphy served as the President,[12] however the position was made redundant in 2017 Q1.[13]

Open Text is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.[14]

On September 12, 2016, OpenText, acquired Dell EMC's ECD division including; Documentum, an enterprise content management suite for $1.6B USD.[15]


The growth of Open Text has largely been through acquisitions. Notable acquisitions include:


  1. ^ "Open Text 2015 Annual report"
  2. ^ "Top 25 Canadian Software Companies"
  3. ^ Nick Waddell. "Cantech Letter interviews John Shackleton of Open Text". Cantech Letter. 
  4. ^ "Ontario Liberals give $120M grant to Canada's largest software company". CTV News Canada. 
  5. ^ "Recognized as one of Canada's Top 100 Employers 2016". Mediacorp Canada Inc. 
  6. ^ "Open Text Corporation Annual Report 2016" (PDF). 
  7. ^ "Open Text Corporation - Company Profile, Information, Business Description, History, Background Information on Open Text Corporation". Reference for Business. Advameg, Inc. Retrieved 2017-03-05. 
  8. ^ Silcoff, Sean (2015-07-19). "Waterloo startup to software leader, Open Text pins future on digitization". The Globe and Mail. Toronto. Retrieved 2017-03-05. 
  9. ^ Nick Bontis, ed. (2011). World Congress on Intellectual Capital Readings. Routledge. p. 7. 
  10. ^ "Investor FAQs | OpenText". Retrieved 2016-02-15. 
  11. ^ "Top New CEO of the year". Image and data manager. 2016-07-07. Retrieved 2010-11-16. 
  12. ^
  13. ^ "OpenText Reports Third Quarter Fiscal Year 2017 Financial Results" (Press release). 8 May 2017. 
  14. ^ "Grand opening for UW Stratford Campus". Kitchener. 
  15. ^ "Waterloo company Open Text signs deal to buy Dell EMC division for $1.62B". Toronto Star. The Canadian Press. September 12, 2016. Retrieved February 2, 2017. 
  16. ^ "Open Text buys Dell EMC ECD". 2016-09-12. 
  17. ^ "Open Text Buys Recommind, Inc.". 
  18. ^ "Open Text Buys Daegis Inc.". 
  19. ^ "Cory Doctorow; USC Center on Public Diplomacy". 1971-07-17. Retrieved 2010-11-16. 

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