Open Text

SAAC's SoftwareHUBs
SAAC's SoftwareHUBs April 19, 2023
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Introduction

Welcome to our Open Text Brand Guide! In this section, we’ll cover the basics of what Open Text is and how it came to be.

  • What is Open Text?
    Open Text Corporation is a Canadian software company that provides enterprise information management solutions for businesses around the world. The company was founded in 1992 by Michael Cowpland (the “Cowpland” in “OpenText”) with an initial investment of $1 million from friends and family members. Today, they have more than 10,000 employees operating out of offices around the globe including Canada; United States; Europe; Asia Pacific region (APAC); Latin America (LATAM); Middle East & Africa (MEA).

Founding and History

Open Text was founded in 1992 by Michael Cowpland, who served as the company’s CEO until 2001.
In 2009, Open Text acquired Novell Inc., a software company that specializes in network management software and services. This acquisition allowed Open Text to expand its product offerings into enterprise content management (ECM). The following year, Open Text acquired Xceedium Inc., an IT security solutions provider based out of Pittsburgh, Pennsylvania USA.

Stock Information

  • Stock Symbol: TEX
  • Stock Price: $49.95 USD per share
    The company’s stock symbol is TEX, and it trades on the New York Stock Exchange under that symbol. The company’s current market capitalization stands at $14 billion dollars, with a price-to-book ratio of 1.5x and an EV/EBITDA ratio of 9x.

Revenue

Revenue Over the Years
Open Text has been in business for over 30 years, and it’s no surprise that they’ve seen their revenue grow over time. In 2018, they generated $1.9 billion in total revenues–a big jump from their 2017 numbers of $1 billion! That said, this isn’t just because of their recent acquisition of Alfresco Software; Open Text has been steadily growing its revenue since 2011 when they made $600 million in sales.

Employees

We have over 1,600 employees worldwide and they are our biggest asset. We believe that a happy employee is a productive one, so we offer a variety of benefits to help you feel at home in the Open Text Brand family.
Our benefits include:

  • Health Insurance
  • Dental Insurance
  • Vision Coverage
  • Life Insurance
  • Short Term Disability Coverage
  • Long Term Disability Coverage

Products and Services

Open Text offers a wide range of products and services, including:

  • OpenText Identity Resolution (OTIR) is a service that helps organizations identify people by matching their identities across multiple systems. This can be used for fraud detection, risk management and compliance purposes.
  • OTIR also provides access to the Global Data Synchronization Network (GDSN), which allows you to synchronize your data with other companies in real time through an API or website interface.
  • OpenText Data Loss Prevention (DLP) is software designed to protect against data loss through encryption, masking and redaction capabilities that prevent sensitive information from being sent outside your organization without proper authorization or being stored on servers without proper protection measures taken first–like encryption keys set up beforehand so unauthorized parties won’t be able to read them even if they get hold of them somehow!
  • OpenText Archive Appliance stores large amounts of unstructured data such as emails or documents so they don’t take up space on your computer hard drives anymore!

Company Address and Contact Information

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Conclusion

In conclusion, Open Text is a great company with many products and services. You can learn more about them by visiting their website at www.opentext.com or reading their annual report on the Canadian Securities Exchange website (www.sedar.com).

References

Source : Google
Editor by : Softwarehubs