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OpenText

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Not to be confused with open text or OpenDocument.
OpenText Corporation
Company typePublic
TSX: OTEX
Nasdaq: OTEX
S&P/TSX 60 Component
IndustryComputer software
Founded1991; 34 years ago (1991)
FounderTim Bray, Gaston Gonnet, Frank Tompa
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
RevenueIncrease US$ $2.29 billion (FY 2017[1])
Number of employees
14,467 (as of March, 2017)
Websitewww.opentext.com, blogs.opentext.com
Opentext's head quarters in Waterloo, Ontario, Canada
OpenText office in Richmond Hill, Ontario

OpenText Corporation (also written opentext) is a Canadian company that develops and sells enterprise information management (EIM) software.[2]

OpenText, headquartered in Waterloo, Ontario, Canada,[3] is Canada's largest software company as of 2014[4] and recognized as one of Canada's Top 100 Employers 2016 by Mediacorp Canada Inc.[5]

OpenText software applications manage content or unstructured data for large companies, government agencies, and professional service firms.[citation needed] 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.[citation needed]

OpenText employs over 10,000 people worldwide[6] and is a publicly traded company, listed on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTEX).

History

University of Waterloo professors Frank Tompa, Timothy Bray, and Gaston Gonnet founded OpenText Corporation in 1991.[7] 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.[8]

Key people involved later include Tom Jenkins, who joined the company as COO in 1994. Tom Jenkins later became President and Chief Executive Officer,[9] 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.[10] Mark Barrenechea was named Canadian Business CEO of the year in 2015.[11] From January 2016, Steve Murphy served as the President,[12] however the position was made redundant in 2017 Q1.[13]

OpenText is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.[14]

In August 2016, OpenText was recognised by the consulting firm PWC as being number 1 in their "Fastest Growing Cloud Companies" report[15]

On September 12, 2016, OpenText, acquired Dell EMC's ECD division—which included Documentum, an enterprise content management suite—for $1.6B USD.[16]

RedDot

RedDot, founded in 1993, is 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.

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.

Captiva

Captiva Software became a subsidiary of OpenText in 2017.[17] 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 systems such as those from Documentum, Open Text, Microsoft, or IBM.[18]

Content authoring

Red dots on the authoring interface indicated sections of editable content for each web page,[19] hence the name RedDot for the product. This feature was popular with customers and won awards[20] in 2001 for its usability. By 2006 RedDot was one of the few 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 Ektron. In response to customer attempts to work around the limitations of the RedDot editor by installing other editors[21] RedDot developed an integration layer to support CKeditor and Ephox EditLive! as alternative editors.[22] In 2009 RedDot (now the OpenText Web Solutions Group) made the Telerik RadEditor available alongside the existing RedDot editor for CMS 9.[23]

Acquisitions

OpenText acquisitions have included Opencola in 2003,[24] Documentum and Captiva Software in 2016,[25] and Guidance Software in 2017.[26]

References

  1. ^ [1][dead link]
  2. ^ "Branham Group Inc. > Branham300 > 2010 Edition". www.branham300.com. Retrieved 19 March 2018.
  3. ^ Nick Waddell. "Cantech Letter interviews John Shackleton of OpenText". Cantech Letter.
  4. ^ "Ontario Liberals give $120M grant to Canada's largest software company". CTV News Canada.
  5. ^ "Recognized as one of Canada's Top 100 Employers 2016". Mediacorp Canada Inc.
  6. ^ "OpenText Corporation Annual Report 2016" (PDF).
  7. ^ "OpenText Corporation - Company Profile, Information, Business Description, History, Background Information on OpenText Corporation". Reference for Business. Advameg, Inc. Retrieved 2017-03-05.
  8. ^ Silcoff, Sean (2015-07-19). "Waterloo startup to software leader, OpenText pins future on digitization". The Globe and Mail. Toronto. Retrieved 2017-03-05.
  9. ^ Nick Bontis, ed. (2011). World Congress on Intellectual Capital Readings. Routledge. p. 7.
  10. ^ "Investor FAQs | OpenText". investors.opentext.com. Retrieved 2016-02-15.
  11. ^ "Top New CEO of the year". Image and data manager. 2016-07-07. Retrieved 2010-11-16.
  12. ^ Corporation, Open Text. "OpenText Announces CEO to Assume Additional Role of Chief Technology Officer and Appointment of a New President". www.prnewswire.com. Retrieved 19 March 2018.
  13. ^ "OpenText Reports Third Quarter Fiscal Year 2017 Financial Results" (Press release). 8 May 2017.
  14. ^ "Grand opening for UW Stratford Campus". Kitchener.
  15. ^ PricewaterhouseCoopers. "25 Fastest growing cloud companies". PwC. Retrieved 2017-08-07.
  16. ^ "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.
  17. ^ "OpenText acquires EMC enterprise division". MetaSource. Sep 2016.
  18. ^ {{http://www.opentext.com/who-we-are/press-releases?id=50C4932B2610432292379C1FE453D6BD%7Ctitle=OpenText buys documentum |date=Jan 2017
  19. ^ "RedDot Professional 4.0 is released worldwide". OpenText press release archive. 17 July 2001. Retrieved 5 April 2009.
  20. ^ "RedDot Professional 4.0 Chosen "Design" Category Winner By Internet World Editors Award winner 2001". OpenText press release archive. 12 July 2001. Retrieved 5 April 2009.
  21. ^ Boyle, Adam (17 November 2008). "RedDot gripes". RedDot-CMS-Users@googlegroups.com. Retrieved 5 April 2009.
  22. ^ Hoffman, Patrick (27 March 2007). "RedDot Upgrades Web Content Management Software". Publish.com. Retrieved 5 April 2009.
  23. ^ "OpenText CMS 9". University Web Developers <uwebd />. 14 January 2009. Retrieved 6 April 2009.
  24. ^ "Cory Doctorow; USC Center on Public Diplomacy". Uscpublicdiplomacy.com. 1971-07-17. Retrieved 2010-11-16.
  25. ^ "OpenText buys Dell EMC ECD". 2016-09-12.
  26. ^ Miller, Ron. "OpenText acquires forensic security vendor Guidance Software for $240 million | TechCrunch". Retrieved 2017-08-07.
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