OPEN TEXT CORPORATION

OPEN TEXT CORPORATION Overview

Company Headquarters: Waterloo, Canada

Founded: 1991

Workforce: ~13,100

Company Working: Open Text Corporation (Open Text) is a market leader in the field of enterprise information management software and solutions. Open Text is a business network that acts as a modern cloud platform for managing the full data lifecycle, from information capture and exchange to integration and governance. The company’s solutions establish the necessary digital backbone for streamlined connectivity, secure collaboration, and real-time business intelligence across an expanding network of internal systems, cloud applications, trading partner systems, and connected devices. The company has 65,000 customers connected to over 800,000 trading partners, managing 30 million digital identities in over 130 countries globally.

Strategy

Open Text focuses on a strategy of total growth through acquisitions to enhance its product portfolio and to expand in the global market. It also strongly emphasizes investing in research & development (R&D) to drive product innovation and increase the value of its products offering.

Company Snapshot

$2,291.1M

Revenue

13,100

Employees

1991

Founded

Waterloo, Canada

Headquarters

SWOT Analysis

Strengths

Broad product portfolio
Strong global presence

Weaknesses

Revenue dependent on the US market

Opportunities

Expansion in untapped regions

Threats

High competition from other market giants
Continuous advancements in technologies

Key Developments

Date	Approach	Development
December 2018	Acquisition	Open Text acquired Liaison Technologies, Inc, a leading provider of cloud-based information integration and data management solutions, hence expanding its product portfolio.
December 2017	Expansion	Open Text expanded its operations in India by hiring computer and software engineers in Hyderabad and Bengaluru. It opened a 140,000 square foot office in Bengaluru, as well. The company has a total of 2,200 employees in India located in offices at Hyderabad, Bengaluru, Pune, Delhi, and Mumbai.
July 2016	Acquisition	Open Text acquired Recommind, Inc., a leading provider of eDiscovery and information analytics, which enhanced Open Text’s product portfolio.
May 2016	Acquisition	Open Text acquired ANX and certain customer experience software assets of HP Inc. in the US, which improved its presence in the region.
November 2015	Acquisition	Open Text acquired Daegis Inc., a global software and services company with solutions for information archiving, information governance, application development, and migration, thus adding products to its portfolio.
January 2015	Acquisition	Open Text acquired Actuate Corporation, a leader in personalized analytics and insights. The company added a broad portfolio of products to the existing products of Open Text.

Product Offering

OPEN TEXT CORPORATION
- Healthcare Solutions

Financial Performance

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