OpenText

OpenText Corporation
Public
Traded as TSX: OTEX
NASDAQ: OTEX
Industry Computer software
Founded 1991 (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. 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.

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

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

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

References

  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.
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