OpenText

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Not to be confused with open text or OpenDocument.
OpenText Corporation
Public
Traded as TSXOTC
NASDAQOTEX
Industry Computer software
Founded 1991; 25 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$ $1,936 million (FY 2015[1])
Number of employees
8,900 (June 30, 2016)
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 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 8,900 people worldwide[6] and is a publicly traded company, listed on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTC).

History[edit]

OpenText was founded in 1991 as a small four-person consulting operation.[citation needed] The company spun off from a University of Waterloo project that developed technology to index the Oxford English Dictionary. Early participants in the project included two computer science professors, Dr. Frank Tompa and Dr. Gaston Gonnet, an undergrad Computer Science co-op student, Michael Knowles, and their Faculty of Arts colleague, John Stubbs.[citation needed]

Key people involved later include Tom Jenkins (P Thomas Jenkins, known as Tom), who joined the company as COO in 1994 and Tim Bray. Tom Jenkins later became President and Chief Executive Officer,[7] 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.[8] Mark Barrenechea was named Canadian Business CEO of the year in 2015 [9]

OpenText is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.[10]

On September 12, 2016, Opentext, acquired Documentum, a legacy enterprise content management suite from EMC for $1.6B USD.

Acquisitions[edit]

The growth of OpenText has largely been through acquisitions:

2016

2015

2014

2013

  • Cordys
  • ICCM

2012

  • Easylink

2011

  • MESSAGEmanager Solutions
  • Metastorm
  • weComm
  • Global360
  • Operitel

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[17]
  • NIRV
  • Odesta[17]
  • 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 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. ^ "Open Text Corporation Annual Report 2016" (PDF). 
  7. ^ Nick Bontis, ed. (2011). World Congress on Intellectual Capital Readings. Routledge. p. 7. 
  8. ^ "Investor FAQs | OpenText". investors.opentext.com. Retrieved 2016-02-15. 
  9. ^ "Top New CEO of the year". Image and data manager. 2016-07-07. Retrieved 2010-11-16. 
  10. ^ "Grand opening for UW Stratford Campus". Kitchener. 
  11. ^ "OpenText buys Dell EMC ECD". 2016-09-12. 
  12. ^ "OpenText buys HP capture and output management products". Image and data manager. 2016-06-29. Retrieved 2010-11-16. 
  13. ^ "OpenText acquires HP customer experience content management for $170 million". TechCrunch.com. 2016-04-18. Retrieved 2016-06-20. 
  14. ^ "OpenText Buys Daegis Inc.". prnewswire.com. 
  15. ^ "Open Text to Acquire Nstein Technologies". PRNewswire-FirstCall. 
  16. ^ "Cory Doctorow; USC Center on Public Diplomacy". Uscpublicdiplomacy.com. 1971-07-17. Retrieved 2010-11-16. 
  17. ^ a b Rao, Madanmohan (2003). Leading with Knowledge: Knowledge Management Practices in Global Infotech Companies. McGraw Hill. p. 365. ISBN 0070499608. 

External links[edit]