About OpenText
OpenText is a company based in Putten (Netherlands) founded in 2001 was acquired by OpenText in August 2013. It operates as a SaaS (Software-as-a-Service), and Managed Services. OpenText has raised $80 million across 1 funding round from investors including OpenText and Argonaut Ventures. OpenText has completed 1 acquisition, including Abaxx Technology. OpenText offers products and services including OpenText Process Automation, OpenText Contact Center Analytics, and OpenText Aviator AI. OpenText operates in a competitive market with competitors including Freshworks, WalkMe, Thryv, Bonitasoft and Aurea, among others.
- Headquarter Putten, Netherlands
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Open Text Corporation
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Products & Services of OpenText
OpenText offers a comprehensive portfolio of products and services, including OpenText Process Automation, OpenText Contact Center Analytics, and OpenText Aviator AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Business processes are automated using AI-powered software tools.
Customer interactions are analyzed to improve service quality.
AI solutions are provided for business data insights.
Funding Insights of OpenText
OpenText has successfully raised a total of $80M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $80 million completed in April 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $80.0M
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First Round
First Round
(18 Apr 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2007 | Amount | Private Equity Round - OpenText | Valuation | Argonaut Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenText
OpenText has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include OpenText and Argonaut Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Strategic consulting and business development services provider
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Founded Year | Domain | Location | |
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Cloud-based enterprise information management and GRC solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenText
OpenText has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Abaxx Technology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Process management solutions are offered for banks and financial services.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OpenText
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Opentext Comparisons
Competitors of OpenText
OpenText operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freshworks, WalkMe, Thryv, Bonitasoft and Aurea, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based business process management suite solutions are delivered.
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| domain | founded_year | HQ Location |
Digital adoption platform is provided for software optimization.
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| domain | founded_year | HQ Location |
SaaS-driven solutions for fitness business management are offered.
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| domain | founded_year | HQ Location |
Open-source business process management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of customer experience and enterprise process management solutions for businesses
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| domain | founded_year | HQ Location |
Provider of integrated back-office solutions across finance, accounting, HR, compliance, and staffing
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about OpenText
When was OpenText founded?
OpenText was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Where is OpenText located?
OpenText is headquartered in Putten, Netherlands. It is registered at Putten, Gelderland, Netherlands.
Is OpenText a funded company?
OpenText is a funded company, having raised a total of $80M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $80M, raised on Apr 18, 2007.
What does OpenText do?
OpenText is engaged in delivering enterprise software solutions across various domains. The company operates in sectors such as content management, cybersecurity, and business process automation. Solutions are offered through cloud-based platforms, including AI-driven tools like OpenText Aviator AI, process automation software, and contact center analytics. Services are tailored for industries like finance, healthcare, and retail, focusing on enhancing operational efficiency and customer experience. Integration with systems like SAP and Salesforce is emphasized to streamline business processes.
Who are the top competitors of OpenText?
OpenText's top competitors include Freshworks, WalkMe and Thryv.
What products or services does OpenText offer?
OpenText offers OpenText Process Automation, OpenText Contact Center Analytics, and OpenText Aviator AI.
How many acquisitions has OpenText made?
OpenText has made 1 acquisition, including Abaxx Technology.
Who are OpenText's investors?
OpenText has 2 investors. Key investors include OpenText, and Argonaut Ventures.