Open Text Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Christopher James McGourlay
- Full Time Employees
- 21,700
- Sector
- Technology
- Industry
- Software - Application
- Address
- 275 Frank Tompa Drive Waterloo ON Canada N2L 0A1
- IPO Date
- Jan 24, 1996
- CIK
- 0001002638
- Website
- opentext.com
- Similar Companies
- Business
- Open Text Corporation (NASDAQ/TSX: OTEX), headquartered in Waterloo, Ontario, Canada, and founded in 1991, develops and sells information management software, including enterprise content management, AI-powered analytics, cloud solutions, cybersecurity, and digital process automation tools. The company offers a comprehensive suite of products such as OpenText Content Suite and Extended ECM for content management; OpenText Documentum Content Management; Business Network for B2B integration and EDI; Customer Experience Platform; Process Automation; eDiscovery and Investigations; security solutions including OpenText Forensic (EnCase), Carbonite, Webroot, NetIQ, ArcSight, Voltage, and Fortify; AI and analytics via Magellan and Aviator; Cloud Editions SaaS platform integrating content, cybersecurity, DevOps, and analytics; RightFax for cloud fax; Intelligent Capture; and AppEnhancer, serving large enterprises, government agencies, professional service firms, and industries like healthcare, energy, manufacturing, and public sector across global operations. OpenText operates worldwide with over 22,900 employees and targets markets requiring compliance, large-volume content management, and AI-ready data transformation. Recent developments include the January 2023 acquisition of Micro Focus for expanded capabilities in AI, analytics, IT operations, and cybersecurity; the May 2024 divestiture of its Application Modernization and Connectivity business to Rocket Software for $2.28 billion to reduce debt and focus on core cloud and AI segments; November 2024 Cloud Editions 24.4 update adding over 100 AI agents and the "Earn Your Wings" program for OpenText Aviator testing; April 2025 launch of Titanium X roadmap via Cloud Editions 25.2 enhancing AI in IT operations, cybersecurity, content, and customer communications; November 2024 expansion of Partner Network to full portfolio including Micro Focus products, supported by distributors like Arrow and TD SYNNEX; May 2024 acquisition of Pillr to bolster cybersecurity for managed service providers; October 2025 sale of eDOCS unit to NetDocuments for $163 million; and August 2025 appointment of James McGourlay as interim CEO replacing Mark Barrenechea, alongside ongoing business optimization for cost savings and AI growth.
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