Open Text Corp (OpenText) is a provider of information management software solutions and services for global companies, small and medium-sized business (SMB), consumers and governments. The company’s major products and solutions include business network, enterprise content management, digital process automation, digital experience, AI and analytics, and security. It also provides services such as consulting, hosting, training and managed services. The company serves a range of industries, including automotive, consumer goods, education, energy, legal, manufacturing, financial services, government, insurance, media, healthcare and telecommunications. The company has business presence across Asia Pacific, Europe, the Middle East, Africa, and the Americas. Open Text is headquartered in Waterloo, Ontario, Canada.
Headquarters
Canada
Address
275 Frank Tompa Dr, Waterloo, Ontario, N2L0A1
Website
www.opentext.com
Telephone
1 519 8887111
No of Employees
14,800
Industry
Technology and Communications
Ticker Symbol & Exchange
OTEX (TSE)
Revenue (2023)
$3.5B
8.9%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
32.6%
(2023 vs 2022)
Market Cap*
$9.4B
Net Profit Margin (2022)
XXX
21.8%
(2023 vs 2022)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Cloud Solutions | Consulting Services |
| Hybrid Integration platform | Managed Services |
| Secure and Connected Ecosystems | Cloud Managed Services |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In January, the company acquired the UK-based Micro Focus. |
| 2022 | Contracts/Agreements | In December, the company entered into a partnership with Allstate Identity Protection to offer identity protection services to Webroot customers. |
| 2022 | Contracts/Agreements | In October, the company announced a partnership with OpenText Network Detection & Response technology and MAD Security to improve response time to cyberthreats and shrink the attack surface. |
Competitor Comparison
| Key Parameters | Open Text Corp | Microsoft Corp | International Business Machines Corp | Oracle Corp | ADOBE Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | United States of America |
| City | Waterloo | Redmond | Armonk | Austin | San Jose |
| State/Province | Ontario | Washington | New York | Texas | California |
| No. of Employees | 14,800 | 221,000 | 307,600 | 143,000 | 25,988 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| P. Thomas Jenkins | Chairman | Executive Board | 1998 | 62 |
| Mark J. Barrenechea | Chief Technology Officer; Chief Executive Officer; Vice Chairman | Executive Board | 2017 | 57 |
| Madhu Ranganathan | Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 58 |
| Howard Rosen | Senior Vice President; Chief Accounting Officer | Senior Management | 2020 | 58 |
| Renee McKenzie | Chief Information Officer; Senior Vice President | Senior Management | 2021 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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