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OpenText
-5.56%
IT / Software
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OpenText Corporation is a Canadian-based multinational enterprise software company that provides enterprise information management (EIM) software and services to businesses and organizations. The company was founded in 1991 and is headquartered in Waterloo, Ontario. OpenText offers products and services in a variety of areas including content management, customer experience management, business process management, and information exchange.
The company's EIM software helps businesses manage and secure their information, as well as analyze and leverage it for improved business operations. OpenText's products and services are used by over 120,000 customers worldwide, including large enterprises, government agencies, and small and medium-sized businesses.
OpenText has a global presence with offices in over 35 countries and provides support in over 140 languages. The company has a diverse customer base and works with organizations in many industries, including financial services, healthcare, manufacturing, and government.
In addition to its software and services, OpenText also offers consulting, training, and support services to help organizations implement and optimize their EIM solutions. The company also partners with other technology providers, such as Microsoft and SAP, to offer integrated solutions to its customers.
OpenText is committed to sustainability and has implemented initiatives to reduce its environmental impact and promote social responsibility. The company has been recognized for its efforts in this area, including being named one of the "World's Most Ethical Companies" for five consecutive years by the Ethisphere Institute.
Overall, OpenText is a leading provider of enterprise information management solutions and services, committed to helping organizations unlock the full potential of their information assets.
The company's EIM software helps businesses manage and secure their information, as well as analyze and leverage it for improved business operations. OpenText's products and services are used by over 120,000 customers worldwide, including large enterprises, government agencies, and small and medium-sized businesses.
OpenText has a global presence with offices in over 35 countries and provides support in over 140 languages. The company has a diverse customer base and works with organizations in many industries, including financial services, healthcare, manufacturing, and government.
In addition to its software and services, OpenText also offers consulting, training, and support services to help organizations implement and optimize their EIM solutions. The company also partners with other technology providers, such as Microsoft and SAP, to offer integrated solutions to its customers.
OpenText is committed to sustainability and has implemented initiatives to reduce its environmental impact and promote social responsibility. The company has been recognized for its efforts in this area, including being named one of the "World's Most Ethical Companies" for five consecutive years by the Ethisphere Institute.
Overall, OpenText is a leading provider of enterprise information management solutions and services, committed to helping organizations unlock the full potential of their information assets.
What is special about the company?
There are several aspects that make OpenText a unique and special company:
1. Status as a global leader: OpenText is one of the leading providers of enterprise information management (EIM) software, with a global presence in over 150 countries. It has a market value of over $10 billion and has been recognized as a leader in various industry rankings.
2. Focus on innovation: OpenText has a strong focus on innovation, constantly investing in and developing new technologies to stay ahead of the curve. It has a large research and development team and has acquired over 50 companies to expand its product offerings.
3. Wide range of products and services: OpenText offers a comprehensive suite of EIM solutions, including content management, business process management, customer experience management, information exchange, and discovery. This allows businesses to streamline their operations and manage their information more effectively.
4. Strong customer base: OpenText has a diverse and extensive customer base, ranging from small businesses to large organizations in various industries such as healthcare, financial services, government, and more. This demonstrates the trust and value that the company provides to its customers.
5. Commitment to sustainability: OpenText has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. It is also a member of the United Nations Global Compact, demonstrating its dedication to ethical and responsible business practices.
6. Employee-centric culture: The company has a strong culture of inclusivity, diversity, and employee empowerment. It has been recognized as a top employer by various organizations, and its employees have access to training and development opportunities to enhance their skills and career growth.
7. Community involvement: OpenText is actively involved in supporting local communities through various philanthropic initiatives and volunteer programs. It also has a corporate social responsibility program that focuses on education, health, and environmental sustainability.
1. Status as a global leader: OpenText is one of the leading providers of enterprise information management (EIM) software, with a global presence in over 150 countries. It has a market value of over $10 billion and has been recognized as a leader in various industry rankings.
2. Focus on innovation: OpenText has a strong focus on innovation, constantly investing in and developing new technologies to stay ahead of the curve. It has a large research and development team and has acquired over 50 companies to expand its product offerings.
3. Wide range of products and services: OpenText offers a comprehensive suite of EIM solutions, including content management, business process management, customer experience management, information exchange, and discovery. This allows businesses to streamline their operations and manage their information more effectively.
4. Strong customer base: OpenText has a diverse and extensive customer base, ranging from small businesses to large organizations in various industries such as healthcare, financial services, government, and more. This demonstrates the trust and value that the company provides to its customers.
5. Commitment to sustainability: OpenText has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. It is also a member of the United Nations Global Compact, demonstrating its dedication to ethical and responsible business practices.
6. Employee-centric culture: The company has a strong culture of inclusivity, diversity, and employee empowerment. It has been recognized as a top employer by various organizations, and its employees have access to training and development opportunities to enhance their skills and career growth.
7. Community involvement: OpenText is actively involved in supporting local communities through various philanthropic initiatives and volunteer programs. It also has a corporate social responsibility program that focuses on education, health, and environmental sustainability.
What the company's business model?
OpenText is a software company that provides enterprise information management solutions to organizations. The company's business model revolves around developing and selling software products and solutions to help businesses manage, secure, and analyze their data and information.
OpenText offers a wide range of software products, including content management, business process management, customer experience management, and analytics solutions. These products are designed to help organizations improve efficiency, reduce costs, and enhance productivity by managing digital information effectively.
The company generates revenue through the sale of software licenses, annual maintenance and support contracts, and professional services. It also offers cloud-based and subscription-based solutions, providing customers with more flexible and cost-effective options.
Additionally, OpenText offers specialized solutions for specific industries, such as financial services, healthcare, and government. The company also partners with other technology companies to offer integrated solutions to customers.
OpenText's business model is focused on delivering innovative products and services that help organizations transform their operations and achieve their business goals. The company continuously invests in research and development to keep its solutions up-to-date with the latest technologies and industry trends, ensuring its customers have access to cutting-edge tools and services.
OpenText offers a wide range of software products, including content management, business process management, customer experience management, and analytics solutions. These products are designed to help organizations improve efficiency, reduce costs, and enhance productivity by managing digital information effectively.
The company generates revenue through the sale of software licenses, annual maintenance and support contracts, and professional services. It also offers cloud-based and subscription-based solutions, providing customers with more flexible and cost-effective options.
Additionally, OpenText offers specialized solutions for specific industries, such as financial services, healthcare, and government. The company also partners with other technology companies to offer integrated solutions to customers.
OpenText's business model is focused on delivering innovative products and services that help organizations transform their operations and achieve their business goals. The company continuously invests in research and development to keep its solutions up-to-date with the latest technologies and industry trends, ensuring its customers have access to cutting-edge tools and services.
Interesting facts about the company
1. OpenText is a Canadian-based company headquartered in Waterloo, Ontario. It was founded in 1991 by University of Waterloo professors Gary H. Fung, Tim Bray, and McLean Watson.
2. The company started as a project at the University of Waterloo to create a search engine for the Internet. It was originally called OpenText Systems Inc., but later changed its name to OpenText Corporation.
3. OpenText has grown significantly through acquisitions, and has acquired over 80 companies since its inception. Some notable acquisitions include Hummingbird Communications, Vignette Corporation, and GXS Inc.
4. In 2017, OpenText acquired Dell EMC’s Enterprise Content Division, adding Documentum, InfoArchive, and LEAP products to its portfolio.
5. OpenText has a strong presence in the enterprise content management (ECM) and information management industries. Its products and services help companies manage and leverage their enterprise data and content.
6. The company has over 10,000 employees worldwide and serves customers in over 140 countries.
7. OpenText has been named a leader in Gartner’s Magic Quadrant for Enterprise Content Management for over a decade.
8. In 2019, OpenText announced a partnership with Google Cloud to develop cloud-based solutions for enterprise customers.
9. OpenText has a strong commitment to sustainability and has been recognized for its efforts in this area. In 2019, it was named one of Canada’s Greenest Employers by Mediacorp Canada Inc.
10. OpenText also has a strong commitment to diversity and inclusion, and has been recognized for its efforts in promoting gender equality and supporting LGBTQ+ rights.
See Company Due Diligence:
2. The company started as a project at the University of Waterloo to create a search engine for the Internet. It was originally called OpenText Systems Inc., but later changed its name to OpenText Corporation.
3. OpenText has grown significantly through acquisitions, and has acquired over 80 companies since its inception. Some notable acquisitions include Hummingbird Communications, Vignette Corporation, and GXS Inc.
4. In 2017, OpenText acquired Dell EMC’s Enterprise Content Division, adding Documentum, InfoArchive, and LEAP products to its portfolio.
5. OpenText has a strong presence in the enterprise content management (ECM) and information management industries. Its products and services help companies manage and leverage their enterprise data and content.
6. The company has over 10,000 employees worldwide and serves customers in over 140 countries.
7. OpenText has been named a leader in Gartner’s Magic Quadrant for Enterprise Content Management for over a decade.
8. In 2019, OpenText announced a partnership with Google Cloud to develop cloud-based solutions for enterprise customers.
9. OpenText has a strong commitment to sustainability and has been recognized for its efforts in this area. In 2019, it was named one of Canada’s Greenest Employers by Mediacorp Canada Inc.
10. OpenText also has a strong commitment to diversity and inclusion, and has been recognized for its efforts in promoting gender equality and supporting LGBTQ+ rights.
See Company Due Diligence:
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