OpenText Corporation is a Canadian company that develops and sells enterprise information management (EIM) software.
OpenText (also referred as opentext) is headquartered in Waterloo, Ontario, Canada, is Canada's largest software company as of 2014 and recognized as one of Canada's Top 100 Employers 2016 by Mediacorp Canada Inc.
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 and is a publicly traded company, listed on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTEX).
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History
OpenText Corporation was founded in 1991 by University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet. 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.
Key people involved later include Tom Jenkins, who joined the company as COO in 1994. Tom Jenkins later became President and Chief Executive Officer, 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. Mark Barrenechea was named Canadian Business CEO of the year in 2015. From January 2016, Steve Murphy served as the President, however the position was made redundant in 2017 Q1.
OpenText is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.
In August 2016, OpenText was recognised by the consulting firm PWC as being number 1 in their "Fastest Growing Cloud Companies" report
On September 12, 2016, OpenText, acquired Dell EMC's ECD division including; Documentum, an enterprise content management suite for $1.6B USD.
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Acquisitions
The growth of OpenText has largely been through acquisitions. Notable acquisitions include:
- 2017: Covisint. Guidance Software
- 2016: DellEMC's enterprise content management division, including Documentum and Captiva Software; and Recommind.
- 2015: Actuate Corporation, Daegis.
- 2014: GXS Inc.
- 2009: Vignette Corporation
- 2006: Hummingbird Ltd
- 2003: Opencola.
Source of the article : Wikipedia
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