OpenText Corporation Market Research Report
Company Overview
Name, Mission of the Company
OpenText Corporation
Mission: Elevate human potential with information management.
Founded, Founders
Incorporation Date: June 1991
Origins: Developed as a project out of the University of Waterloo in Canada.
Key People in the Company
- Mark J. Barrenechea: Chief Executive Officer, Chief Technology Officer, and Vice Chair
- Paul Duggan: President, Chief Customer Officer
- Madhu Ranganathan: President, CFO & Corporate Development
- Todd Cione: President, Worldwide Sales
- Muhi Majzoub: Executive Vice President & Chief Product Officer
- Shannon Bell: Executive Vice President, Chief Digital Officer
- James McGourlay: Executive Vice President, International Sales
- Sandy Ono: Executive Vice President, Chief Marketing Officer
- Brian Sweeney: Executive Vice President, Chief Human Resources Officer
- Michael F. Acedo: Executive Vice President, Chief Legal Officer and Corporate Secretary
- Paul Rodgers: Executive Vice President, Sales Operations
Headquartered
Headquarters: Waterloo, Ontario, Canada
Number of Employees
Employees: Over 14,000 employees in 60+ offices worldwide.
Revenue
No information is available.
Known For
OpenText is known for being a global leader in Information Management, offering solutions that empower customers to organize, integrate, and protect data and content throughout their business processes.
Products
Products Offered
OpenText provides a broad range of products and solutions. Some of the key product categories include:
- Information Management
- Business Cloud
- Business AI
- Business Technology
High Level Description of the Product
Information Management
Information management connects knowledge with action to spur innovation and growth. The solutions include end-to-end management of data and content through cloud and AI technologies.
Business Clouds
Advanced enterprise data management, data governance, and data orchestration aiming to prepare organizations for AI integration.
Business AI
Automation and AI solutions designed to improve workflow efficiency and decision-making by reducing manual intervention.
Business Technology
Cloud solutions ensuring robust security and AI capabilities tailored to meet enterprise-class needs.
Key Features of Each of the Products
Content Cloud
- Content Manager: Smart enterprise content management.
- Core Content: Rapid deployment of complete content management in the cloud.
- Documentum™ Platform: Modernizes enterprise content management.
Business Network Cloud
- Active Intelligence: Identifies and resolves supply chain disruptions.
- BizManager™: Manages B2B and Managed File Transfer (MFT) requirements.
- Trading Grid™: Integrates people, systems, and things seamlessly.
Cybersecurity Cloud
- ArcSight™ Enterprise Security Manager: Real-time threat detection and response.
- NetIQ™ Identity Governance: Simplifies compliance and user access review processes.
DevOps Cloud
- ALM Octane™: Ensures quality across DevOps pipelines.
- ValueEdge™: End-to-end AI-powered value stream management and DevOps platform.
Recent Developments
Recent Developments in the Company
1. Corporate Growth: In 2023, OpenText acquired Micro Focus, enhancing AI & Analytics, Application Delivery & Management, and IT Operations Management capabilities.
2. Revenue Milestone: In 2020, OpenText surpassed $3 billion in revenue.
New Products Launched
Highlighted Innovations in Artificial Intelligence:
- OpenText Aviator: Generative AI capabilities leveraging large language models (LLMs) to solve specific enterprise use cases.
New Features Added to Existing Products
No information is available.
New Partnerships
OpenText has established several key partnerships to support its diversity, equity, and inclusion goals. Notable partners include:
- University of Waterloo: Sponsorship of Women in Computer Science (WiCS).
- Lakehead University: Work experiences provided for Indigenous interns.
- Catalyst: Global supporter for advancing women in the workplace.
- Out & Equal: Supporter for creating workplace equality for LGBTQ+ employees.
- 30% Club Canada: Participation in achieving better gender balance in boards and senior management.
Conclusion
OpenText Corporation continues to lead the market in Information Management through strategic acquisitions, innovative product developments, and fostering a diverse and inclusive workforce.
References: All data retrieved from official OpenText sources as of 2024.
