OpenText

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OpenText Corporation
Public
Traded as TSXOTEX
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
Products Enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, discovery and analytics software
Revenue Increase US$ $2.29 billion (FY 2017[1])
Number of employees
14,467 (as of March, 2017)
Website www.opentext.com
OpenText Richmond Hill Office

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

OpenText (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]

OpenText software applications manage content or unstructured data for large companies, government agencies, and professional service firms.[citation needed] OpenText 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]

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

History[edit]

OpenText Corporation was founded in 1991 by University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet.[7] It was a successor to OpenText 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 has been President and CEO of OpenText 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]

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

In August 2016, OpenText was recognised by the consulting firm PWC as being number 1 in their "Fastest Growing Cloud Companies" report[15]

On September 12, 2016, OpenText, acquired Dell EMC's ECD division including; Documentum, an enterprise content management suite for $1.6B USD.[16]

Acquisitions[edit]

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

References[edit]

  1. ^ [http://investors.opentext.com/releasedetail.cfm?ReleaseID=1035982
  2. ^ "Top 25 Canadian Software Companies"
  3. ^ Nick Waddell. "Cantech Letter interviews John Shackleton of OpenText". 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. ^ "OpenText Corporation Annual Report 2016" (PDF). 
  7. ^ "OpenText Corporation - Company Profile, Information, Business Description, History, Background Information on OpenText Corporation". Reference for Business. Advameg, Inc. Retrieved 2017-03-05. 
  8. ^ Silcoff, Sean (2015-07-19). "Waterloo startup to software leader, OpenText 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. ^ "OpenText Reports Third Quarter Fiscal Year 2017 Financial Results" (Press release). 8 May 2017. 
  14. ^ "Grand opening for UW Stratford Campus". Kitchener. 
  15. ^ PricewaterhouseCoopers. "25 Fastest growing cloud companies". PwC. Retrieved 2017-08-07. 
  16. ^ "Waterloo company OpenText signs deal to buy Dell EMC division for $1.62B". Toronto Star. The Canadian Press. September 12, 2016. Retrieved February 2, 2017. 
  17. ^ OpenText Buys Covisint
  18. ^ Miller, Ron. "OpenText acquires forensic security vendor Guidance Software for $240 million | TechCrunch". Retrieved 2017-08-07. 
  19. ^ "OpenText buys Dell EMC ECD". 2016-09-12. 
  20. ^ "OpenText Buys Recommind, Inc.". prnewswire.com. 
  21. ^ "OpenText Buys Daegis Inc.". prnewswire.com. 
  22. ^ "Cory Doctorow; USC Center on Public Diplomacy". Uscpublicdiplomacy.com. 1971-07-17. Retrieved 2010-11-16. 

External links[edit]