OpenText Corp.

Overview

Date Founded

2018

Headquarters

275 Frank Tompa Drive, Waterloo, ON, N2L 0A1, CAN

Type of Company

Public

Employees (Worldwide)

14.4K

Industries

Computer Software
Other Business & Consulting Services
Management Consulting
IT Consulting & Services
Internet Software & Services

Company Description

OpenText is the leader in Enterprise Information Management (EIM). EIM enables organizations to grow the business, lower costs of operations, and reduce information governance and security related risks. OpenText focuses on the key drivers of business success to improve business insight, strengthen business impact, accelerate process velocity, address information governance and provide security.

Website

http://www.opentext.com

Contact Data

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In The News

News Bites Canadian Markets

January 15, 2021

Canada Sector Weekly: Market capitalization of the Application software sector falls 0.3% Friday January 15, 2021

PR Newswire

January 13, 2021

SEEPEX Selects OpenText To Manage Mission-Critical Information

News Bites Canadian Markets

January 11, 2021

Monday January 11, 2021 Open Text (OTEX:CAD56.55) drops a 21-day low

News Bites Canadian Markets

January 8, 2021

Canada Sector Weekly: Market capitalization of the Application software sector rises 5.5% Friday January 08, 2021

News Bites Canadian Markets

January 8, 2021

Weekly: S&P/TSX Equity Completion Index in its biggest weekly gain for 2 months Friday January 08, 2021

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Executives & Employees

Madhu Ranganathan

Executive Vice President, Chief Financial & Accounting Officer

Doug M. Parker

General Counsel & Assistant Secretary

Lou Blatt

Senior Vice President, Chief Marketing Officer

Mark J. Barrenechea

Chief Technology Officer

David Jamieson

Senior Vice President & Chief Information Officer

Brian Sweeney

Senior Vice President & Chief Human Resources Officer

Howard D. Rosen

Chief Accounting Officer & Senior Vice President

Gordon Davies

Chief Legal Officer & Executive Vice President

Muhi Majzoub

Executive Vice President & Chief Product Officer

Noriyuki Hayakawa

President, Japan

Board of Directors

Thomas Jenkins

Commissioner at The Trilateral Commission

Mark J. Barrenechea

Chief Technology Officer at OpenText Corp.

Harmit J. Singh

Executive Vice President & Chief Financial Officer at Levi Strauss & Co.

Stephen J. Sadler

Chairman & Chief Executive Officer at Enghouse Systems Ltd.

Debbie Weinstein

Founding Partner at LaBarge Weinstein LLP

Randy Fowlie

Former Vice President & General Manager-Digital Media at Harris Corporation

Bob Hau

Chief Financial Officer & Treasurer at Fiserv, Inc.

Katharine Stevenson

Former Global Treasurer at Nortel Networks Corporation

David Fraser

President at Aegis Six Corporation

Michael Slaunwhite

Co-Founder at Halogen Software, Inc.

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OpenText Corp.

Owners & Shareholders

Details Hidden

Jarislowsky, Fraser Ltd.

Jarislowsky, Fraser Limited is registered with the SEC as an investment adviser in the US under the Investment Advisers Act of 1940. The firm manages pension funds, endowment funds, corporate and private portfolios for clients in North America and overseas.

Details Hidden

Caisse de Dépôt et Placement du Québec

Founded in 1965, Caisse de Dépôt et Placement du Québec is one of the largest institutional fund managers in Canada and North America. They are the leading private equity investor in Canada and are also one of largest real estate asset managers in the world. The Caisse is headquartered in Québec, Canada.

Details Hidden

Beutel, Goodman & Company Ltd.

Since 1967, Beutel Goodman has specialized in applying a value approach to the management of domestic and global equity, balanced and fixed income mandates for institutional and individual investors. Cash flow analysis forms the foundation for both equity and fixed income analysis and valuation. For the fixed income side strong free cash flows facilitates debt repayment and safety of principal. For the equity side strong free cash flows provide the financial flexibility to support organic growth and profitability, make strategic acquisitions, buy back shares and pay dividends. Beutel Goodman's in-depth, and bottom up investment style leads to investments in strong companies with less cyclicality for fixed income mandates and more value upside for equity mandates.

Recent Transactions

Details Hidden

OpenText Corp. purchases XMedius Solutions Inc from StoneCalibre LLC

Details Hidden

OpenText Corp. purchases Carbonite, Inc.

Details Hidden

OpenText Corp. purchases Catalyst Repository Systems, Inc. from Financial Technology Ventures Management Co. LLC

Transaction Advisors

Legal Advisor

Cleary Gottlieb Steen & Hamilton LLP

Advised onOpenText Corp. purchases EMC Corp. /Enterprise Content Division from Dell Technologies, Inc.

Auditor

KPMG LLP

Advised onOpenText Corp. issued USD Common Stock

Legal Advisor

Blake, Cassels & Graydon LLP

Advised onOpenText Corp. purchases EMC Corp. /Enterprise Content Division from Dell Technologies, Inc.

Legal Advisor

Neil Whoriskey

Advised onOpenText Corp. purchases EMC Corp. /Enterprise Content Division from Dell Technologies, Inc.

Associate

Allix J. Magaziner

Advised onOpenText Corp. purchases Vignette Corporation

Legal Advisor

Craig B. Brod

Advised onOpenText Corp. purchases GXS Worldwide, Inc. from Francisco Partners Management LP

Advisors & Consultants

Agent

Stephen Bellwood

Executive Director at Cushman & Wakefield, Inc.

Investment Advisor

Brian Hanson

Chairman & Chief Executive Officer, Lazard Canada Investment Banking at Lazard Ltd.

Legal Advisor

Monica L. Holland

Partner at Davis Polk & Wardwell LLP

Clients

FedEx Corporation

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

Rosneft Oil Co.

Royal Bank of Canada

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2020

Market Capitalization

$12.2B

Total Enterprise Value

$14.3B

Earnings Per Share

$0.85

EBITDAMargin

36.02%

Enterprise Value / Sales

4.66x

Enterprise Value EBITDAOperating

12.69x

TEVNet Income

61.89x

Debt TEV

0.31x

Three Year Compounded Annual Growth Rate Of Revenue

11.16%

Revenue

$3.07B

Net Profit

$231M

EBITDA

$1.1B

Total Debt

$4.48B

Total Equity

$4.01B

Non-Profit Donations & Grants

$1,000 - $10K

2019

St. Michael’s Hospital Foundation

$1,000 - $2,499

2015

Family and Children's Services of the Waterloo Region

$1,000 - $2,499

2014

Family and Children's Services of the Waterloo Region

Investors

Details Hidden

Tim Draper

Co-Founder at Threshold Ventures, Inc.

Details Hidden

Audrey MacLean

Investor at Broadway Angels

Details Hidden

Rafael Ortiz

Investor at ContextLogic, Inc.

Suppliers

Amber Road, Inc. IT Consulting & Services | East Rutherford, NJ

Amber Road, Inc. provides cloud-based global trade management solutions. Its software plans, optimizes, and executes all aspects of global trade. The firms solutions include global sourcing, risk and quality management, production management, transportation management, supply chain visibility, export and import management, duty management, global trade content database, trade advisory practice, and training. The company was founded in by James W. Preuninger and John W. Preuninger in 1990 and is headquartered in East Rutherford, NJ.

NetSuite, Inc. Internet Software & Services | San Mateo, California

NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more. More than 12,000 high-growth and midsized companies and divisions of large enterprises use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems. By using NetSuite to automate operations, streamline processes and access real-time business information anytime, anywhere, growing businesses realize breakthrough performance improvements. NetSuite also offers industry-specific solutions for professional services, software, wholesale distribution, manufacturing, and ecommerce. NetSuite OneWorld helps global, multi-company organizations manage subsidiaries better with robust multinational, multi-currency support

Hewlett-Packard Enterprise Co. Other Business & Consulting Services | Palo Alto, CA

Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services and Corporate Investments. The Hybrid IT segment provides a portfolio of services-led and software-enabled infrastructure and solutions. The Intelligent Edge segment comprises of enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. The Financial Services segment offers investment solutions, such as leasing, financing, information technology consumption, utility programs and asset management services. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects. The company was founded in 1939 and is headquartered in Houston, TX.

Competitors

Oracle Corp. Computer Software - Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

Adobe, Inc. Computer Software - San Jose, CA

Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Light room and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

Microsoft Corporation Computer Software - Fort Collins, CO

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

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