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OpenText

From Wikipedia, the free encyclopedia
Not to be confused with open text or OpenDocument.

OpenText Corporation
Company typePublic
ISINCA6837151068
IndustryComputer Software
Founded1991; 34 years ago (1991) (as OpenText Corporation)
Founders
HeadquartersWaterloo, Ontario, Canada
Key people
Mark Barrenechea (CEO & CTO)
ProductsEnterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, discovery and analytics software, cybersecurity software
RevenueIncrease US$5.77 billion (2024)
Increase US$887 million (2024)
Increase US$465 million (2024)
Total assetsDecrease US$14.2 billion (2024)
Total equityIncrease US$4.20 billion (2024)
Number of employees
22,900 (2024)
Subsidiaries
Websiteopentext.com
Footnotes / references
Financials as of June 30, 2024[1]

OpenText Corporation (styled as opentext) is a global software company that develops and sells information management software.[2]

OpenText, headquartered in Waterloo, Ontario, Canada,[3] is Canada's fourth-largest software company as of 2022,[4] and recognized as one of Canada's top 100 employers 2025 by Mediacorp Canada Inc.[5]

OpenText software applications manage content and unstructured data for large companies, government agencies, and professional service firms.[6] OpenText's main business offerings include data analytics,[7] enterprise information management,[8] AI, cloud solutions, security,[9] and products that address information management requirements, including management of large volumes of content, compliance with regulatory requirements, and mobile and online experience management.[10]

OpenText employs 22,900 people worldwide, and is a publicly traded company, listed on the Toronto Stock Exchange and the NASDAQ (OTEX).[1]

History

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Timothy Bray, with the University of Waterloo professors Frank Tompa and Gaston Gonnet, founded OpenText Corporation in 1991.[11] It grew out of OpenText Systems Inc., founded in 1989. The founders spun the company off from a University of Waterloo project that developed technology to index the Oxford English Dictionary.[12]

Key people involved later include Tom Jenkins, who joined the company as COO in 1994, and later became president and chief executive officer.[13] John Shackleton served as president from 1998 to 2011 and as CEO from 2005 to 2011. Mark Barrenechea has been president and CEO of OpenText since 2012. Barrenechea was named Canadian Business CEO of the Year in 2015.[14] From January 2016, Steve Murphy served as the President;[15] however, the company eliminated the position in Q1 2017.[16]

In October 2012, it was announced that OpenText would support the University of Waterloo Stratford Campus, by contributing both funds and in-kind services to the school.[17]

In July 2020, OpenText partnered with cybersecurity company NINJIO. The collaboration strengthens security awareness with videos showcasing detection of phishing emails and inappropriate URLs.[18]

In February 2024, OpenText joined the Joint Cyber Defense Collaborative (JCDC), a United States Government cybersecurity initiative. The JCDC aims to improve cybersecurity readiness for the U.S. and its international partners. OpenText announced it would be providing a range of services and insights into safeguarding sensitive information.[19]

Acquisitions

[edit]
Humorous shirt caption detailing employee perspective on the IXOS Software acquisition and industry acquisitions in general

OpenText has acquired several businesses over the past two decades, beginning with IXOS Software AG in 2003,[20] followed by Artesia in 2004.[21] Other notable acquisitions include Hummingbird Ltd. in 2006 for $489 million,[22] Captaris Inc. in 2008 for $131 million,[23] and Vignette Corporation in 2009 for $321 million in cash and stock.[24]

In the early 2010s, it acquired EasyLink (2012) for $232 million[25] and GXS Inc., which had previously acquired Inovis, integrating the latter into the OpenText Business Network, which later acquired Inovis. In 2014, OpenText purchased Cordys for $33 million[26] and Actuate of San Mateo, California.[27] The following year, it acquired Daegis for $13.5 million.[28]

OpenText office in San Mateo, California

On September 12, 2016, OpenText further expanded its share of the enterprise content management software market by buying that division of Dell EMC, which included Documentum, for US$1.6 billion.[29] OpenText had originally had Documentum and Hummingbird, Ltd., as its chief competitors in this space, but this acquisition brought the long-time third competitor in Documentum under one corporate roof.[30] Also in 2016, OpenText acquired Recommind after previously engaging with the company as a strategic partner.[31]

In 2017, OpenText acquired Guidance Software for US$240 million,[32] and Covisint for US$103 million, which they integrated into their OpenText Business Network.[33] In 2018, OpenText acquired Liaison Technologies for US$310 million and integrated into their OpenText ALLOY Platform.[34]

In 2019, OpenText acquired Catalyst Repository Systems. [35] That same year, OpenText also acquired Carbonite Inc. (including Webroot and Mozy, which Carbonite Inc. had earlier acquired) for approximately US$1.45 billion.[36][37] In 2020, OpenText acquired Xmedius for US$75 million.[38]

In 2021, OpenText announced the planned acquisition of Zix Corp for US$860 million,[39] and in November, OpenText completed the acquisition of Bricata enabling next-generation Network Detection & Response (NDR) technology to the OpenText Security and Protection Cloud.[40]

In 2022, OpenText announced it would acquire British software firm Micro Focus in a deal valued at US$6 billion, which finalized in January 2023.[41][42] With the acquisition, OpenText also acquired a number of companies under Micro Focus, including Borland, Compuware, HP Enterprise, and Interset.[43][44]

Products

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OpenText office in Richmond Hill, Ontario

OpenText's products include enterprise content management (OpenText Content Suite, OpenText Extended ECM, OpenText Documentum), Business Network, customer experience management (OpenText Customer Experience Platform), digital process automation (OpenText AppWorks), discovery (OpenText Axcelerate eDiscovery and Investigations), security (OpenText EnCase Forensic Security Suite, OpenText Carbonite and Webroot solutions, OpenText NetIQ, OpenText ArcSight, OpenText Voltage, OpenText Fortify), and AI and analytics (OpenText Magellan Product Suite).

OpenText announced cloud-native containerized versions of many of the company's software applications in April 2020.[45]

Documentum

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OpenText Documentum is an information management platform, named after the company Documentum that originally developed the software suite. In 2003, EMC acquired Documentum for $1.7 billion.[46] In 2016, EMC was acquired by Dell, becoming Dell EMC.[47] Subsequently, all of the Documentum intellectual property was sold to OpenText Corporation.[48]

Content Suite Platform

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In 1996, the product originally called "Livelink" became OpenText's.[49] Between 2003 and 2005, "Livelink" evolved from being the name of a single product to being a brand applied to the names of several OpenText software products. As a result of this change, "Livelink Server" became known as "Livelink Enterprise Server" (LES) and later "Livelink ECM.[49] In 2012, OpenText introduced the OpenText Content Suite. Then the technology component formerly known as Livelink ECM - Enterprise Server became known as OpenText Content Server, which is now a key component of OpenText Content Suite Platform.[49][50][51]

Magellan

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In July 2017, OpenText launched its artificial intelligence (AI) and analytics platform, OpenText Magellan, at the company's Enterprise World conference. The platform enabled costumers to use open-source software and algorithms, and for companies to build their own.[52]

RightFax

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OpenText RightFax provides network-based fax functionality to enterprise organizations and has evolved through many versions since it was first released in 1992.[53][54][55]

Intelligent Capture (formerly Captiva)

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Captiva Software became a subsidiary of OpenText in 2017.[56] It makes software for document information processing and data capture from paper and electronic documents and provides related services. Information in the form of extracted content and files is acquired in the Captiva Solution and then delivered for storage or workflow into document management systems such as those from Documentum, OpenText, Microsoft, or IBM. In 2019, Captiva was rebranded as OpenText Intelligent Capture.[57]

AppEnhancer (formerly ApplicationXtender)

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AppEnhancer is a content management system that manages, organizes, and stores information from an application or as an extension to an existing application. The product was acquired during OpenText's purchase of Dell EMC's ECD (Enterprise Content Division) in 2017.[58]

References

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  1. ^ a b "Open Text Corporation FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 1 August 2024.
  2. ^ "Branham Group Inc. > Branham300 > 2010 Edition". www.branham300.com. Archived from the original on 27 October 2017. Retrieved 19 March 2018.
  3. ^ Nick Waddell (29 April 2011). "Cantech Letter interviews John Shackleton of OpenText". Cantech Letter.
  4. ^ MAVERICK, J.B. (September 26, 2022). "The 5 Biggest Canadian Software Companies". Investopedia. Retrieved November 8, 2022.
  5. ^ "Recognized as one of Canada's Top 100 Employers 2016". Mediacorp Canada Inc.
  6. ^ "Open Text Corp". Bloomberg. 23 November 2020.
  7. ^ "What's New With OpenText's Big Data Analytics?". CMSWire.com. Retrieved 2025-03-23.
  8. ^ Jackson, Amber (2024-04-15). "OpenText AI: Empowering Businesses in Information Management". technologymagazine.com. Retrieved 2025-03-23.
  9. ^ Kerner, Sean Michael (2024-11-19). "OpenText expands AI capabilities to improve enterprise productivity and ROI". VentureBeat. Retrieved 2025-03-23.
  10. ^ "Integrate all the things: OpenText would like to knit together application data from across company boundaries". The Register. 23 November 2020.
  11. ^ "OpenText Corporation - Company Profile, Information, Business Description, History, Background Information on OpenText Corporation". Reference for Business. Advameg, Inc. Retrieved 2017-03-05.
  12. ^ Silcoff, Sean (2015-07-19). "Waterloo startup to software leader, OpenText pins future on digitization". The Globe and Mail. Toronto. Retrieved 2017-03-05.
  13. ^ Nick Bontis, ed. (2011). World Congress on Intellectual Capital Readings. Routledge. p. 7. ISBN 9781136347962.
  14. ^ "Top New CEO of the year". Image and data manager. 2016-07-07. Archived from the original on 2015-10-21. Retrieved 2010-11-16.
  15. ^ "Epicor CEO Steve Murphy Appointed to Box's Board of Directors - ExecutiveBiz". executivebiz.com. 2024-05-17. Retrieved 2025-03-23.
  16. ^ "OpenText Reports Third Quarter Fiscal Year 2017 Financial Results" (Press release). 8 May 2017. Archived from the original on 19 March 2018. Retrieved 2 June 2017.
  17. ^ "Grand opening for UW Stratford Campus". Kitchener. 16 October 2012.
  18. ^ "OpenText Partners with NINJIO to Enhance Webroot Security Awareness". TecHR. 2020-07-23. Retrieved 2025-03-23.
  19. ^ "OpenText Joins CISA Initiative to Help Enhance Cyber Defenses - ExecutiveBiz". executivebiz.com. 2024-02-14. Retrieved 2025-03-23.
  20. ^ Weiss, Todd R. (2003-10-21). "Open Text acquiring Ixos as content management mergers continue". Computerworld. Retrieved 2022-08-26.
  21. ^ "Open Text to acquire Artesia". cnet. 4 August 2004. Retrieved 16 November 2020.
  22. ^ Writer, CBR Staff (2006-08-07). "Open Text acquires Hummingbird for $489 million". Tech Monitor. Retrieved 2025-03-23.
  23. ^ "Open Text to Acquire Document Management Provider Captaris". 2008-09-04.
  24. ^ "Open Text profit dips; says integrating Vignette". Reuters. 2009-08-20.
  25. ^ "OpenText to buy EasyLink Services for $232 million". reuters. 1 May 2012. Retrieved 16 November 2020.
  26. ^ "OpenText Buys Cordys: Offers Integrated BPM, Information Management". CMSWire.com. Retrieved 2025-03-23.
  27. ^ Dulaney, Chelsey (5 December 2014). "Open Text to Buy Actuate for $330 Million". The Wall Street Journal. Retrieved 16 November 2020.
  28. ^ "BUZZ-Daegis Inc: Agrees to be acquired by Open Text". Reuters. 9 October 2015.
  29. ^ "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.
  30. ^ McKinnon, Judy (2016-09-12). "OpenText buys Dell EMC ECD". Wall Street Journal.
  31. ^ "OpenText to Acquire Recommind for $163 Million". KMWorld. 2016-06-02. Retrieved 2025-03-23.
  32. ^ Miller, Ron (26 July 2017). "OpenText acquires forensic security vendor Guidance Software for $240 million | TechCrunch". Retrieved 2017-08-07.
  33. ^ Pender, Terry (2017-06-06). "OpenText buys cloud computing firm for US$103 million". The Record.
  34. ^ O'Kane, Josh (2018-10-31). "OpenText buys Georgia cloud company for $310-million". The Globe and Mail.
  35. ^ "OpenText acquires Catalyst". February 2019. Retrieved 2021-02-26.
  36. ^ "OpenText to Acquire Carbonite, Inc". Open Text Corporation. 11 November 2019. Retrieved 11 November 2019.
  37. ^ Dignan, Larry (11 November 2019). "OpenText buys Carbonite for $1.42 billion, builds out portfolio". ZDNet. Retrieved 11 November 2019.
  38. ^ "Waterloo's OpenText acquires XMedius". 9 March 2020. Retrieved 9 March 2020.
  39. ^ Haranas, Mark (2021-11-08). "OpenText To Buy Zix For $860 Million To Create 'Powerhouse SMB' Platform; Boost Microsoft Partnership". CRN.
  40. ^ Panettieri, Joe (2021-11-24). "OpenText Acquires Network Detection and Response (NDR) Security Company Bricata -". MSSP Alert. Retrieved 2025-03-23.
  41. ^ Decloet, Derek (25 August 2022). "Open Text to Buy Software Firm Micro Focus at 99% Premium". Bloomberg News. Archived from the original on 25 August 2022.
  42. ^ Haranas, Mark (31 January 2023). "Layoffs Ahead As OpenText Closes $5.8B Micro Focus Buy". CRN.
  43. ^ Sandle and Baker, Paul and Liana B. (8 September 2016). "HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets". Reuters.
  44. ^ Novinson, Michael. "Micro Focus Buys Cybersecurity Startup Interset For Analytics Expertise | CRN". www.crn.com. Retrieved 2025-03-23.
  45. ^ "New OpenText CE apps, services roll out". Search Content Management. 23 November 2020.
  46. ^ "EMC offers $1.7 billion in stock for Documentum - Network World". 2009-03-18. Archived from the original on 2009-03-18. Retrieved 2023-03-16.
  47. ^ Press, Gil. "A Very Short History Of EMC Corporation". Forbes. Retrieved 2023-03-16.
  48. ^ "OpenText completes Documentum acquisition to become largest ECM vendor | IT World Canada News". www.itworldcanada.com. 2017-01-24. Retrieved 2025-03-23.
  49. ^ a b c "Livelink | OpenText". OpenText. Retrieved 2018-09-13.
  50. ^ "An innovative way to access Livelink® - ppt download". slideplayer.com. Retrieved 2018-09-13.
  51. ^ OVERVIEW OF THE CURRENT VERSIONS OF SELECTED OPENTEXT PRODUCTS (PDF). January 2016.
  52. ^ "OpenText launches Magellan, an AI platform aimed at IBM's Watson". ZDNET. Retrieved 2025-03-23.
  53. ^ "OpenText RightFax Overview". OpenText. Retrieved 2020-01-03.
  54. ^ "News and Press Releases (PR)". OpenText. Retrieved 2020-01-03.
  55. ^ "Open Text Introduces New Fax Server Release Following Captaris Acquisition". OpenText. Retrieved 2020-01-03.
  56. ^ "OpenText acquires EMC enterprise division". MetaSource. Sep 2016.
  57. ^ "Captiva is now OpenText Intelligent Capture". Revolution Data Systems. 2019-07-22. Retrieved 2025-03-23.
  58. ^ "OpenText AppEnhancer".
[edit]
OpenText building construction in Waterloo, 2011
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