OpenText Corp.

Overview

Date Founded

2018

Headquarters

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

Type of Company

Public

Employees (Worldwide)

12.2K

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

July 19, 2019

Weekly: Open Text keeps rising: up 3.3% in 3 weeks Friday July 19, 2019 17:00 EDT

Banking and Credit News

July 18, 2019

OpenText, Mastercard to transform financial processes across global supply chains

The Globe and Mail (Canada)

July 17, 2019

OPINION : Heward portfolio manager highlights four of his favourite dividend growth stocks

News Bites Canadian Markets

July 15, 2019

Open Text increases strengthening above moving average price Monday July 15, 2019 17:00 EDT

Business Wire

July 15, 2019

Data Classification Markets: Global Analysis & Forecast (2019-2024) by Solution, Deployment, Application, Industry Vertical, and Geography - ResearchAndMarkets.com

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Executives & Employees

Madhu Ranganathan

Executive Vice President & Chief Financial Officer

Patricia E. Nagle

Senior Vice President, Chief Marketing Officer

Mark J. Barrenechea

Chief Technology Officer

David Jamieson

Senior Vice President & Chief Information Officer

Brian Sweeney

Chief Human Resources Officer

Aditya Maheshwari

Senior Vice President & Chief Accounting Officer

Noriyuki Hayakawa

President, Japan

James McGourlay

Executive Vice President, Customer Operations

Gordon Davies

Executive Vice President, Corporate Development, Chief Legal Officer & Corporate Secretary

Muhi Majzoub

Executive Vice President, Engineering

Board of Directors

Thomas Jenkins

Fellow at The Canadian Academy of Engineering

Mark J. Barrenechea

Chief Executive Officer, Vice Chairman of the Board, Chief Technology Officer at YouSendIt, Inc.

Stephen Sadler

Chairman & Chief Executive Officer at Enghouse Systems Ltd.

Harmit J. Singh

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

Randy Fowlie

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

Katharine Stevenson

Former Global Treasurer at Northern Telecom Ltd.

Gail E. Hamilton

Former General Manager, Global Services & Support at Symantec Corporation

Jürgen Tinggren

Former Chief Executive Officer at Schindler Holding AG

Michael Slaunwhite

Co-Founder at Halogen Software, Inc.

David Fraser

President at Aegis Six Corporation

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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

Blue Harbour Group LP

Blue Harbour Group's primary investment strategy involves investing primarily in publicly-traded equities and equity-like securities of US and Canadian mid-cap companies that they believe are undervalued by the public securities markets. Their investment strategy also often involves Blue Harbour seeking to be a significant minority shareholder in portfolio companies. They take a private equity approach to public market investing and aim to deliver superior returns through a value-oriented investment strategy focusing on companies that are (or should be) implementing strategic change.Blue Harbour looks for companies they believe are fundamentally undervalued and seeks to enhance returns by identifying and suggesting initiatives to create value. The firm also invests in companies undergoing an event precipitated by the company itself or by third parties, such as takeovers, significant management changes, changes in strategic direction, acquisitions, divestitures, mergers, liquidation procedures, recapitalizations or balance sheet restructurings. Blue Harbour may also make investments in industry consolidation and acquisition strategies, busted deals, orphaned equities, and other situations. In addition, the firm may invest in equity or total-return swaps, foreign exchange forward contracts or other notional principal or derivative contracts.

Recent Transactions

Details Hidden

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

Details Hidden

OpenText Corp. purchases Liaison Technologies, Inc. from Scale Management LLC, Verdane Capital Advisors AS, UPS Strategic Enterprise Fund (United States), Noro-Moseley Partners, C&B Capital, Merck Global Health Innovation LLC, Pikespo Invest (Management)

Details Hidden

OpenText Corp. purchases YouSendIt, Inc. from Sevin Rosen Bayless Management Co., Alloy Ventures, Inc., Sigma Partners, Adams Street Partners LLC, Cambrian Ventures, Inc., Emergence Capital Partners, Accolade Partners, Jackson Square Ventures Management Co. LLC, Western Digital Capital

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.

Advisor

John Doolittle

Chief Financial Officer, Executive Vice President at YouSendIt, Inc.

Clients

Dell Technologies, Inc.

Dell Technologies, Inc. is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware. The CSG segment consists of sales to commercial and consumer customers of desktops, thin client products, and notebooks. The VMware segment provides compute, cloud management, networking and security, storage and availability, and other end-user computing offerings. The company was founded by Michael Saul Dell in 1984 and is headquartered in Round Rock, TX.

General Motors Company

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Accenture Plc

Accenture solves their clients' toughest challenges by providing unmatched services in strategy, consulting, digital, technology and operations. They partner with more than three-quarters of the Fortune Global 500, driving innovation to improve the way the world works and lives. With expertise across more than 40 industries and all business functions, they deliver transformational outcomes for a demanding new digital world.

Key Stats and Financials As of 2018

Market Capitalization

$14.8B

Total Enterprise Value

$14.9B

Earnings Per Share

$1.16

Revenue

$3.58B

Net Profit

$308M

EBITDA

$1.26B

EBITDAMargin

35.16%

Total Debt

$3.45B

Total Equity

$4.89B

Enterprise Value Sales

4.17x

Enterprise Value EBITDAOperating

11.87x

TEVNet Income

48.52x

Debt TEV

0.23x

Five Year Compounded Annual Growth Rate Of Revenue

21.16%

Three Year Compounded Annual Growth Rate Of Revenue

18.1%

Investors

Details Hidden

Audrey MacLean

Investor at Broadway Angels

Details Hidden

Sherry Lynn Abbott

Chief Compliance Officer & Chief Financial Officer at Polar Investment Counsel, Inc.

Details Hidden

Robert C. Miller

Chief Executive Officer & Board Member at Kaazing Corp.

Suppliers

Amber Road, Inc. Other Business & 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. Its 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 broad 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 Palo Alto, CA.

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.

Microsoft Corporation Computer Software - REDMOND, WA

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. Its products includes operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. It also offers personal computers, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment is comprised of 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 the products and services such as windows operating system, devices, gaming platform, and search engines. The company was founded by William Henry Gates III in 1975 and is headquartered in Redmond, WA.

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.

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