TeamSite

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OpenText Corporation
Public
Traded as TSXOTC
NASDAQOTEX
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
Tom Jenkins, Chairman
Products Enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, and analytics software
Revenue Increase US$ $1,624 million (FY 2014[1])
Number of employees
8,500 (2015)
Website www.opentext.com

OpenText TeamSite is an enterprise web content management software product that OpenText acquired from HP on May 1, 2016.[2] The product has gone through a series of owners, including Interwoven which was founded in 1995 and later acquired on March 17, 2009 by Autonomy, which in turn was acquired by Hewlett-Packard in 2011.

History[edit]

Interwoven was founded in 1995 in California by Singaporean Peng Tsin Ong, who was also Interwoven's first CEO and chairman. Peng was the co-founder of Match.com, and later went on to found Encentuate.[3][4] In its private startup phase the company was backed by Foundation Capital,[5] Draper Fisher Jurvetson,[6] Accel Partners and other venture capital co-investors including Gary Kremen.[7]

On October 8, 1999 Interwoven had their initial public offering (IPO) on NASDAQ with Credit Suisse First Boston as the lead underwriter.[8]

Sale[edit]

On January 21, 2009, Interwoven announced it agreed to be acquired by Autonomy Corporation, based in England.[9] Autonomy estimated the consideration at $775 million [10]

The acquisition was finalized on March 17, 2009.

HP bought Autonomy on August 19, 2011.

OpenText acquired TeamSite, along with other HP Software products in May 2016.[11][12]

References[edit]