OpenText Analysis
What is OpenText?
Cloud-native information management solutions provider
Employees
10001+
Founded
1991
Revenue
$5.69 B
Customer Base Size
51,055
Growth Rate
4%
HQ Full Address
275 Frank Tompa Drive, Waterloo, Ontario N2L 0A1, Canada
Product Features & Capabilities
- OpenText™ Aviator AI for personalized AI assistance
- Analytics Cloud for real-time data insights
- Business Network Cloud for secure B2B integration
- Content Cloud for AI-driven content management
- Cybersecurity Cloud for comprehensive threat protection.
Other Considerations
Serves 40% of Fortune 500 companies; Recognized leader in intelligent document processing; Offers a comprehensive suite of cloud solutions.
Recent Acquisitions
- Microsoft - Acquired Activision Blizzard for $69 billion, completed on October 13, 2023.
- IBM - Acquired Apptio for $4.6 billion in August 2023, focusing on FinOps solutions. - Acquired Kubernetes cost optimization startup Kubecost in September 2024. - Source: [TechCrunch](https://techcrunch.com/2024/09/17/ibm-acquires-kubernetes-cost-optimization-startup-kubecost/)
- Salesforce - Acquired Own Company for $1.9 billion in cash, focusing on data protection solutions, announced 8 months ago. - Source: [TechTarget](https://www.techtarget.com/searchdatabackup/news/366609955/In-19B-deal-Salesforce-buys-data-backup-company-Own)
- Adobe - Attempted to acquire Figma for $20 billion, but the deal was mutually terminated in December 2023 due to regulatory challenges. - Source: [The Verge](https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-fee)
- ServiceNow - Acquired G2K, an AI-powered platform, to enhance its offerings, announced in May 2023. - Source: [Business Wire](https://www.businesswire.com/news/home/20230512005085/en/ServiceNow-to-Acquire-Artificial-Intelligence-Powered-Platform-G2K-to-Transform-Retail-and-Beyond)
