Open Text Corporation is a Canadian company that develops and sells enterprise information management (EIM) software.
Open Text (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.
Open Text software applications manage content or unstructured data for large companies, government agencies, and professional service firms. Open Text 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.
Open Text 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
Open Text Corporation was founded in 1991 by University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet. It was a successor to Open Text 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 Open Text since 2012. Mark Barrenechea was named Canadian Business CEO of the year in 2015. In January 2016 Mark Barrenechea announced Steve Murphy as the new President of Open Text.
Open Text is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.
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 Open Text has largely been through acquisitions:
Source of the article : Wikipedia
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