| Type | Subsidiary of public company |
|---|---|
| Industry | Computer software |
| Founded | Toronto, Ontario (1984) |
| Headquarters | Toronto, Ontario, Canada |
| Key people | Barry Litwin, Fred Sorkin (Chairman of the Board) |
| Products | Hummingbird Connectivity Hummingbird Enterprise Hummingbird BI Hummingbird SearchServer Hummingbird Enterprise Webtop (Portal) |
| Revenue | $236.1 million USD (2005)[1] |
| Net income | $22.36 million USD (2005)[1] |
| Employees | 1500+ (2005)[1] |
| Website | www.hummingbird.com |
Hummingbird Ltd. (previously NASDAQ: HUMC, TSX: HUM) is a subsidiary of Open Text and is a provider of enterprise software solutions including Exceed. Initially founded as a consulting business in 1984, Hummingbird evolved into a strong player in the connectivity market. Its enterprise content management (ECM) solutions focuses on the management of the life cycle of enterprise content.
Acquisition of PCDOCS was one of the most important steps of the company in the way of formation as an ECM-oriented company.
DOCS Open product of PCDOCS Inc. became Hummingbird DOCSFusion and DM - a part of Hummingbird document management system (a part of Hummingbird Enterprise Suite).
The product still exists in Open Text products after rebranding as a part of Livelink ECM Suite - eDOCS DM Enterprise.
On May 26, 2006, Hummingbird informed Texas Guaranteed Student Loan Company that it had lost a piece of equipment -- albeit password protected -- containing the unencrypted personal data (names and social security numbers) of an estimated 1.3 million Texas student loan recipients.[2]
In May 2006, the company's board of directors agreed to be sold to Symphony Technology Group, but following a hostile bid from Open Text,[3] the board negotiated a "sweeter" deal with its rival and accepted an all-cash $489 million USD buy-out from Open Text.[4] Following the close of the deal in October, Open Text announced a 15% global workforce reduction.[5]
Hummingbird has 40 offices worldwide. It is expected that many of these offices will be consolidated with existing offices of Open Text. Customers include IBM, NASA, Morgan Stanley, Boeing, and The Government of Canada.
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The following were directors at the time of the sale to Open Text: