OpenText

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Not to be confused with open text or OpenDocument.
Open Text 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 & CTO
Steve Murphy, President
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)
Website www.opentext.com
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 (OTC).

History[edit]

Open Text was founded in 1991 by University of Waterloo professors Dr. Frank Tompa, Dr. Timothy Bray, and Dr. Gaston Gonnet.[7] 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 (P Thomas Jenkins, known as Tom), 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 has been President and CEO of Open Text since 2012.[10] Mark Barrenechea was named Canadian Business CEO of the year in 2015 [11] In January 2016 Mark Barrenechea announced Steve Murphy as the new President of Open Text [12]

Open Text is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.[13]

On September 12, 2016, OpenText, acquired Dell EMC's ECD division including; Documentum, an enterprise content management suite for $1.6B USD.[14]

Acquisitions[edit]

The growth of Open Text has largely been through acquisitions:

2016

2015

2014

2013

  • Cordys
  • ICCM

2012

  • Easylink

2011

  • MESSAGEmanager Solutions
  • Metastorm
  • weComm
  • Global360
  • Operitel[20]

2010

2009

2008

  • eMotion LLC
  • Spicer Corporation
  • Captaris

2006

2005

  • Optura

2004

  • IXOS
  • Artesia

2003

2002

  • Centrinity

2000

  • Bluebird

Pre-2000

  • Microstar Software
  • PS Software Solutions
  • Information Dimensions
  • Lava Systems
  • OnTime[23]
  • NIRV
  • Odesta[23]
  • Intunix
  • thinktank technologies

References[edit]

  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". investors.opentext.com. Retrieved 2016-02-15. 
  11. ^ "Top New CEO of the year". Image and data manager. 2016-07-07. Retrieved 2010-11-16. 
  12. ^ http://www.prnewswire.com/news-releases/opentext-announces-ceo-to-assume-additional-role-of-chief-technology-officer-and-appointment-of-a-new-president-300197097.html
  13. ^ "Grand opening for UW Stratford Campus". Kitchener. 
  14. ^ "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. 
  15. ^ "Open Text buys Dell EMC ECD". 2016-09-12. 
  16. ^ "Open Text buys HP capture and output management products". Image and data manager. 2016-06-29. Retrieved 2010-11-16. 
  17. ^ "Open Text Buys Recommind, Inc.". prnewswire.com. 
  18. ^ "Open Text acquires HP customer experience content management for $170 million". TechCrunch.com. 2016-04-18. Retrieved 2016-06-20. 
  19. ^ "Open Text Buys Daegis Inc.". prnewswire.com. 
  20. ^ "Open Text Buys Operitel for Learning Software". PCWorld by IDG. 
  21. ^ "Open Text to Acquire Nstein Technologies". PRNewswire-FirstCall. 
  22. ^ "Cory Doctorow; USC Center on Public Diplomacy". Uscpublicdiplomacy.com. 1971-07-17. Retrieved 2010-11-16. 
  23. ^ a b Rao, Madanmohan (2003). Leading with Knowledge: Knowledge Management Practices in Global Infotech Companies. McGraw Hill. p. 365. ISBN 0070499608. 

External links[edit]