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{{Short description|Canadian software company}}
{{Distinguish|open text|OpenDocument}}
{{Use Canadian English|date=August 2024}}
{{Infobox company
| name = OpenText Corporation
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| image_caption = Headquarters in Waterloo, Canada
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{tsx|OTEX}}||{{NASDAQ|OTEX}}|[[S&P/TSX 60]] component}}
| industry = [[Computer
| ISIN = {{ISIN|sl=n|pl=y|CA6837151068}}
| foundation = {{start date and age|1991|df=yes}} (as OpenText Corporation)
| founders = {{Unbulleted list|[[Tim Bray]]|[[Gaston Gonnet]]|[[Frank Tompa]]}}
| location = [[Waterloo, Ontario]], Canada
| key_people = Mark Barrenechea
| products = [[Enterprise content management]] (ECM), [[business process management]] (BPM), [[customer experience management]] (CEM), [[information exchange]], discovery and [[analytics]] software, [[cybersecurity software]]
| revenue = {{increase}} {{US$|
| operating_income = {{
| net_income = {{increase}} US$
| assets = {{
| equity = {{
| subsid = {{Unbulleted list|[[Carbonite, Inc.]]|[[Micro Focus]]|[[Webroot]]}}
| num_employees =
| num_employees_year =
| website = {{
| footnotes = Financials {{
}}
'''OpenText Corporation''' (styled as ''opentext'') is a
[[File:OpenTextRHOfficeBuilding9.jpg|thumb|OpenText office in Richmond Hill, Ontario]]▼
▲'''OpenText Corporation''' (styled as ''opentext'') is a [[Canada|Canadian]] [[company]] that [[Software development|develops]] and sells [[enterprise information management]] (EIM) [[software]].<ref>{{cite web|url=http://www.branham300.com/index.php?year=2010&listing=4|title=Branham Group Inc. > Branham300 > 2010 Edition|website=www.branham300.com|access-date=19 March 2018|archive-date=27 October 2017|archive-url=https://web.archive.org/web/20171027024841/https://www.branham300.com/index.php?year=2010&listing=4|url-status=dead}}</ref>
OpenText, headquartered in [[Waterloo, Ontario]], Canada,<ref>{{cite web|url=http://www.cantechletter.com/2011/04/cantech-letter-interviews-john-shackleton-open-text/|title=Cantech Letter interviews John Shackleton of OpenText|author=Nick Waddell|work=[[Cantech Letter]]|date=29 April 2011}}</ref> is Canada's fourth-largest software company as of 2022,<ref>{{cite web |last=MAVERICK |first=J.B. |date=September 26, 2022 |title=The 5 Biggest Canadian Software Companies |url=https://www.investopedia.com/articles/markets/082615/5-biggest-canadian-software-companies.asp
OpenText software applications manage content
OpenText employs 22,900 people worldwide, and is a publicly traded company, listed on the [[Toronto Stock Exchange]] and the [[NASDAQ]] (OTEX).<ref name="10K 2024"/>
==History==
[[Timothy Bray]], with University of Waterloo professors [[Frank Tompa]] and [[Gaston Gonnet]], founded OpenText Corporation in 1991.<ref>{{cite web | url = http://www.referenceforbusiness.com/history2/72/Open-Text-Corporation.html | title = OpenText Corporation - Company Profile, Information, Business Description, History, Background Information on OpenText Corporation | website = Reference for Business | publisher = Advameg, Inc | access-date = 2017-03-05}}</ref> 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]].<ref>{{cite news | last = Silcoff | first = Sean | date = 2015-07-19 | title = Waterloo startup to software leader, OpenText pins future on digitization | url = https://www.theglobeandmail.com/technology/waterloo-startup-to-software-leader-open-text-pins-future-on-digitization/article25586844/ | work = The Globe and Mail | location = Toronto | access-date = 2017-03-05}}</ref>
Key people involved later include Tom Jenkins, who joined the company as COO in 1994. Tom Jenkins later became president and [[
OpenText is a supporter of the [[University of Waterloo Stratford Campus]], contributing both funds and in-kind services to the school.<ref>{{cite web|url=http://kitchener.ctvnews.ca/grand-opening-for-uw-stratford-campus-1.997827|title=Grand opening for UW Stratford Campus|work=Kitchener|date=16 October 2012}}</ref>
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==Acquisitions==
[[Image:OpenText - IXOS - Obtree "I have survived the integration!" shirt.jpg|thumb|right|Humorous shirt caption detailing employee perspective on the IXOS Software acquisition and industry acquisitions in general]]
{{Prose|date=April 2023}}
In 2003, OpenText acquired IXOS Software AG.<ref>{{Cite web |last=Weiss |first=Todd R. |date=2003-10-21 |title=Open Text acquiring Ixos as content management mergers continue |url=https://www.computerworld.com/article/2572423/open-text-acquiring-ixos-as-content-management-mergers-continue.html |access-date=2022-08-26 |website=Computerworld |language=en}}</ref>
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In 2004, OpenText acquired Artesia.<ref>{{Cite web|date=4 August 2004|title=Open Text to acquire Artesia|url=https://www.cnet.com/news/open-text-to-acquire-artesia/|access-date=16 November 2020|website=cnet}}</ref>
In 2006, OpenText acquired [[Hummingbird Ltd.]] for US$489 million.<ref>{{cite web |title=
In 2008, the company acquired Captaris, Inc. for US$131 million.<ref name="Open Text to Acquire Document Management Provider Captaris">{{cite web|url=https://www.cmswire.com/cms/enterprise-cms/open-text-to-acquire-document-management-provider-captaris-003099.php|title=Open Text to Acquire Document Management Provider Captaris|date=2008-09-04}}</ref>
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In 2012, the company acquired EasyLink for US$232 million.<ref>{{Cite web|date=1 May 2012|title=OpenText to buy EasyLink Services for $232 million|url=https://www.reuters.com/article/us-opentext-easylink-idUSBRE8401IK20120501|access-date=16 November 2020|website=reuters}}</ref>
[[Image:OpenText 1 2018-09-20.jpg|thumb|right|upright=0.729|OpenText office in San Mateo, California]]
In 2014, OpenText acquired [[GXS Inc.]] and integrated it into their OpenText Business Network, which then acquired Inovis. In 2014 they also acquired [[Jan Baan#Cordys|Cordys]] for $33 million,<ref name="OpenText buys Cordys">{{cite press release|url=https://www.prnewswire.com/news-releases/opentext-buys-cordys-to-expand-bpm-and-case-management-219915841.html|title=OpenText buys Cordys|date=2020-04-01}}</ref> and Actuate of San Mateo, California.<ref>{{Cite web|last=Dulaney|first=Chelsey|date=5 December 2014|title=Open Text to Buy Actuate for $330 Million|url=https://www.wsj.com/articles/open-text-to-buy-actuate-for-330-million-1417791696|access-date=16 November 2020|website=The Wall Street Journal}}</ref>
In 2015, OpenText acquired Daegis for US$13.5 million.<ref>{{Cite web|date=9 October 2015|title=OpenText to acquire Daegis for $13.5-million (U.S.)|url=https://www.pressreader.com/canada/stockwatch-daily/20151009/281505045047440|access-date=16 November 2020|website=Press Reader}}</ref>
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In 2018, OpenText acquired Liaison Technologies for US$310 million, which they integrated into their OpenText ALLOY Platform.<ref>{{Cite web|url=https://www.theglobeandmail.com/business/article-opentext-buys-georgia-cloud-company-for-310-million/|title=OpenText buys Georgia cloud company for $310-million|website=[[The Globe and Mail]]|language=en|date=2018-10-31|last=O'Kane |first=Josh}}</ref>
In 2019, OpenText acquired Catalyst Repository Systems,<ref>{{cite web|url=https://finance.yahoo.com/news/opentext-acquires-catalyst-repository-systems-120436648.html|title=OpenText acquires Catalyst|date=February 2019 |access-date=2021-02-26}}</ref> and then acquired [[Carbonite (online backup)|Carbonite Inc.]] (including [[Webroot]] and [[Mozy]], which Carbonite Inc. had earlier acquired) for approximately US$1.45 billion.<ref name="open-text-acquires-carbonite-open-text-corp-pr-11nov2019">{{cite web |title=OpenText to Acquire Carbonite, Inc. |url=https://www.opentext.com/about/press-releases?id=2F8EF8EACDAF43E28B709A80F229F863 |publisher=Open Text Corporation |access-date=11 November 2019 |date=11 November 2019}}</ref><ref name="open-text-buys-carbonite-zdnet-11nov2019">{{cite news |last1=Dignan |first1=Larry |title=OpenText buys Carbonite for $1.42 billion, builds out portfolio |url=https://www.zdnet.com/article/opentext-buys-carbonite-for-1-42-billion-builds-out-portfolio/ |access-date=11 November 2019 |publisher=ZDNet |date=11 November 2019}}</ref>
In 2020, OpenText acquired Xmedius for US$75 million.<ref>{{Cite web |title=Waterloo's OpenText acquires XMedius |url=https://kitchener.citynews.ca/local-news/waterloos-opentext-acquires-xmedius-2148121 |access-date=9 March 2020}}</ref>
In 2021, OpenText announced planned acquisition of Zix Corp for US$860 million,<ref>{{Cite web |title=OpenText
In 2022, OpenText announced it would acquire British software firm [[Micro Focus]] in a deal valued at US$6{{nbsp}}billion, which finalized in January 2023.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2022-08-25/open-text-to-acquire-software-firm-micro-focus-at-99-premium |title=Open Text to Buy Software Firm Micro Focus at 99% Premium |date=25 August 2022 |work=[[Bloomberg News]] |last=Decloet |first=Derek |url-access=limited |archive-url=https://archive.today/20220825225241/https://www.bloomberg.com/news/articles/2022-08-25/open-text-to-acquire-software-firm-micro-focus-at-99-premium |archive-date=25 August 2022 |url-status=live}}</ref><ref name=crn>{{Cite web |last=Haranas |first=Mark |title=Layoffs Ahead As OpenText Closes $5.8B Micro Focus Buy|url=https://www.crn.com/news/security/layoffs-ahead-as-opentext-closes-5-8b-micro-focus-buy |date=31 January 2023 |work=[[CRN (magazine)|CRN]]}}</ref>
== Products ==
▲[[File:OpenTextRHOfficeBuilding9.jpg|thumb|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), and AI and analytics (OpenText Magellan Product Suite).▼
▲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.<ref>{{cite web|url=https://searchcontentmanagement.techtarget.com/news/252481403/New-OpenText-CE-apps-services-roll-out|title=New OpenText CE apps, services roll out|date=23 November 2020|publisher=Search Content Management}}</ref>
===
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.<ref>{{Cite web |date=2009-03-18 |title=EMC offers $1.7 billion in stock for Documentum - Network World |url=http://www.networkworld.com/news/2003/1014emcoffer.html |access-date=2023-03-16 |archive-date=2009-03-18 |archive-url=https://web.archive.org/web/20090318102926/http://www.networkworld.com/news/2003/1014emcoffer.html |url-status=dead }}</ref> In 2016, EMC was acquired by Dell, becoming Dell EMC.<ref>{{Cite web |last=Press |first=Gil |title=A Very Short History Of EMC Corporation |url=https://www.forbes.com/sites/gilpress/2016/09/06/a-very-short-history-of-emc-corporation/ |access-date=2023-03-16 |website=Forbes |language=en}}</ref> Subsequently, all of the Documentum [[intellectual property]] was sold to OpenText Corporation.
===
Rebranded product resulting from the acquisition of Captaris
===
In 1996, the product originally called "Livelink" became OpenText's.<ref name=":0">{{Cite news|url=https://www.opentext.com/products-and-solutions/products/opentext-product-offerings-catalog/rebranded-products/livelink-is-now-part-of-the-opentext-ecm-suite|title=Livelink {{!}} OpenText|work=OpenText|access-date=2018-09-13|language=en-US}}</ref> 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.<ref name=":0" /> 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.<ref name=":0" /><ref name="auto">{{Cite web|url=https://slideplayer.com/slide/2496650/|title=An innovative way to access Livelink® - ppt download|website=slideplayer.com|access-date=2018-09-13}}</ref><ref>{{Cite book|title=OVERVIEW OF THE CURRENT VERSIONS OF SELECTED OPENTEXT PRODUCTS|date=January 2016|url=https://www.ixtent.com/en/download/product-release-opentext-01-2016.pdf}}</ref>
===
First released in May 2006, Livelink Enterprise Archive (LEA) became Archive Server in 2010. It is a key product in the Extended ECM scenario. With Version 16, the Archive Server was renamed to Archive Center.<ref>{{Cite web|url=https://www.opentext.com/products-and-solutions/products/enterprise-content-management/archiving/opentext-archive-center|title=OpenText Archive Solutions|website=OpenText|access-date=Dec 4, 2019}}</ref>
===
In July 2017, OpenText launched its artificial intelligence (AI) and analytics platform, OpenText Magellan, at the company's Enterprise World conference. The platform combines open source machine learning with advanced analysis and is able to merge, manage, and
===
OpenText RightFax provides network-based fax functionality to enterprise organizations and has evolved through many versions since it was first released in 1992.<ref>{{Cite web|url=https://businessnetwork.opentext.com/fax-server-software|title=OpenText RightFax Overview|website=OpenText|language=en|access-date=2020-01-03}}</ref><ref>{{Cite web|url=https://www.opentext.com/about/press-releases?id=2153|title=News and Press Releases (PR)|website=OpenText|language=en|access-date=2020-01-03}}</ref><ref>{{Cite news|url=https://www.opentext.com/about/press-releases?id=2153|title=Open Text Introduces New Fax Server Release Following Captaris Acquisition|website=OpenText|language=en|access-date=2020-01-03}}</ref>
===RedDot and content authoring===
[[Image:AIIM-Conference-2012.jpg|thumb|right|OpenText booth at the AIIM Conference 2012]]
RedDot, founded in 1993, was a business unit of OpenText Corporation that the company refers to as the ''Web Solutions Group''. The software assists in the management of content, with regulatory compliance and industry specific requirements.{{Citation needed|date=May 2022}}
Its core product, RedDot CMS is a [[Windows]]-based server application that provides Web content management in a multi-user environment. Complementary to the CMS or as a standalone product, LiveServer aggregates disparate document resources and serves them as Web pages.
Red dots on the authoring interface indicated sections of editable content for each web page,<ref>{{cite news|url=http://websolutions.opentext.com/company_articles_archive_2001_reddot_ebusiness_strategy.htm|title=RedDot Professional 4.0 is released worldwide|publisher=OpenText press release archive|date=17 July 2001|access-date=5 April 2009}}</ref> hence the name RedDot for the product. This feature was popular with customers and won awards<ref>{{cite news|url=http://websolutions.opentext.com/company_press_releases_2001_cms_intranet_extranet.htm|title=RedDot Professional 4.0 Chosen "Design" Category Winner By Internet World Editors Award winner 2001|publisher=OpenText press release archive|date=12 July 2001|access-date=5 April 2009}}</ref> in 2001 for its usability. By 2006, RedDot was one of the few [[Web content management system|WCM]] vendors that continued to develop their own content authoring interface. Most other WCM vendors had moved to open source alternatives, or had licensed an [[online rich-text editor]] from commercial vendors such as Ephox or
After the acquisition of Vignette, Web Solutions was rebranded again to become OpenText Web Site Management.<ref>[https://www.thestreet.com/investing/top-analysts-say-put-these-3-killer-tech-stocks-on-your-radar-14680876 Top Analysts Say Put These 3 Killer Tech Stocks on Your Radar]</ref>
===
Captiva Software became a subsidiary of OpenText in 2017.<ref>{{cite news|publisher=MetaSource |url=http://www.metasource.com/document-management-workflow-news/opentext-acquires-emc-enterprise-content-division |title=OpenText acquires EMC enterprise division |date=Sep 2016}}</ref> 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 are acquired in the Captiva Solution and then delivered for storage or workflow into [[document management system]]s such as those from [[Documentum]], OpenText, [[Microsoft]], or [[IBM]].<ref>{{Cite web|url=https://www.opentext.com/about/press-releases?id=50C4932B2610432292379C1FE453D6BD|title=News and Press Releases (PR)|website=OpenText|access-date=Dec 4, 2019}}</ref> In 2019, Captiva was rebranded as OpenText Intelligent Capture.<ref>{{cite news|publisher=Revolution Data Systems |url=https://www.revolutiondatasystems.com/blog/captiva-is-now-opentext-intelligent-capture |title=Captiva is now OpenText Intelligent Capture |date=July 2019}}</ref>
===
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.<ref>{{Cite web|url=https://www.revolutiondatasystems.com/opentext-appenhancer|title = OpenText AppEnhancer}}</ref>
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==External links==
[[Image:Open Text 2011-03-30 (5574154217).jpg|thumb|right|OpenText building construction in Waterloo, 2011]]
* {{Official website}}
{{Finance links
| name = OpenText
| symbol = OTEX
| reuters = OTEX.TO
| bloomberg = OTEX:CN
| sec_cik = 1002638
| yahoo = OTEX.TO
| google = OTEX:TSE
}}
{{OpenText}}
{{S&P/TSX 60}}
{{Authority control|state=expanded}}
[[Category:OpenText| ]]
[[Category:Canadian companies established in 1991]]
[[Category:Companies based in Waterloo, Ontario]]
[[Category:Software companies established in 1991]]
[[Category:Companies listed on the Toronto Stock Exchange]]
[[Category:Content management systems]]
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