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]

RedDot[edit]

RedDot, founded in 1993, is a business unit of Open Text Corporation and is referred to as the Web Solutions Group of Open Text. The software assists in the management of content, with regulatory compliance and industry specific requirements.

Its core product, RedDot CMS is a Windows-based server application to allow Web content management in a multi-user environment with many content contributors. Complementary to the CMS or as a standalone product LiveServer allows to aggregate disparate document resources via connectors and serve them up as Web pages.

Content authoring[edit]

The red dots on the authoring interface indicated sections of editable content for each web page,[17] hence the name RedDot for the product. This easy to use feature was popular with customers and won awards[18] in 2001 for its usability. By 2006 RedDot was one of the few WCM vendors left that continued to develop the content authoring interface in house. Most other WCM vendors had moved to open source alternatives or licensed an Online rich-text editor from commercial vendors such as Ephox and Ektron. In response to customers' attempts to work around the limitations of the RedDot editor by installing other editors [19] RedDot announced that they had developed an integration layer to allow the use of CKeditor and Ephox EditLive! as alternative editors.[20] In 2009 RedDot (now the OpenText Web Solutions Group) made the Telerik RadEditor available alongside the existing RedDot editor for CMS 9.[21]

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. ^ "RedDot Professional 4.0 is released worldwide". OpenText press release archive. 17 July 2001. Retrieved 5 April 2009. 
  18. ^ "RedDot Professional 4.0 Chosen "Design" Category Winner By Internet World Editors Award winner 2001". OpenText press release archive. 12 July 2001. Retrieved 5 April 2009. 
  19. ^ Boyle, Adam (17 November 2008). "RedDot gripes". RedDot-CMS-Users@googlegroups.com. Retrieved 5 April 2009. 
  20. ^ Hoffman, Patrick (27 March 2007). "RedDot Upgrades Web Content Management Software". Publish.com. Retrieved 5 April 2009. 
  21. ^ "OpenText CMS 9". University Web Developers <uwebd />. 14 January 2009. Retrieved 6 April 2009. 
  22. ^ OpenText Buys Covisint
  23. ^ Miller, Ron. "OpenText acquires forensic security vendor Guidance Software for $240 million | TechCrunch". Retrieved 2017-08-07. 
  24. ^ "OpenText buys Dell EMC ECD". 2016-09-12. 
  25. ^ "OpenText Buys Recommind, Inc.". prnewswire.com. 
  26. ^ "OpenText Buys Daegis Inc.". prnewswire.com. 
  27. ^ "Cory Doctorow; USC Center on Public Diplomacy". Uscpublicdiplomacy.com. 1971-07-17. Retrieved 2010-11-16. 

External links[edit]