OpenText

OpenText is a software company that develops and sells enterprise information management software and is a market leader in Enterprise Information Management software and solutions.

OpenText™ powers digital transformations to empower the Intelligent and Connected Enterprise. Enabling companies to digitize processes and supply chains and discover value in their information with analytics and Artificial Intelligence, OpenText offers greater business insight to make data-driven decisions for success.

OpenText Corporation was founded in 1991 by University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet. The company is headquartered in Waterloo, Ontario, Canada with offices in UK, India, Netherlands & Europe, Middle East and Africa.

OpenText software applications manage content or unstructured data for large companies, government agencies, and professional service firms. The company 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 is Canada's largest software company as of 2014 and recognized as one of Canada's top 100 employers 2016 by Mediacorp Canada Inc. In August 2016, the consulting firm PWC listed OpenText as number 1 in their "Fastest Growing Cloud Companies" report. It employs over 10,000 {(12,200 (as of Aug, 2018)} people worldwide and is a publicly traded company, listed on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTEX).

 

OpenText has made over 40 acquisitions, their most recent acquisition was on Jan 4, 2019, when they bought Liaison Technologies, a Georgia based software company for a staggering $310M in cash.  OpenText's biggest acquisition was a massive $1.6B buy-out of "Dell EMC's ECD division—which included Documentum" in September 12, 2016, a $315M acquisition of "HP - Customer Communications Management (CCM) assets" in Jun 20, 2016, and a $240M acquisition of Guidance Software in Jul 26, 2017.

 

OpenText was ranked 15th Among World's Fastest-Growing Companies by Fortune Magazine in 2009.

 

 

 

  • Year founded: 1991
  • Funding Info: $125M in 2 funding rounds (Last funding type: Post-IPO Equity)- OpenText has acquired over 40 companies totalling more than $3B
  • Yearly Revenue: US $2.815B (FY 2018)
  • Employee Size: 10000+
  • Business Valuation: Mkt Cap: CAD $12.46B as of Jan 18, 2019
  • City/Town: Waterloo
  • State: Ontario
  • Country: Canada
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