About OpenText
OpenText is a company based in Waterloo (Canada) founded in 1991 by Tim Bray, Gaston Gonnet, and Frank Tompa.. The company has 21,400 employees as of June 30, 2025. OpenText has completed 42 acquisitions, including Bluebird, Born and Bricata. OpenText operates in a competitive market with competitors including Workiva, Formstack, Syndigo, Nintex and ASG Technologies, among others.
- Headquarter Waterloo, Canada
- Employees 21400 as on 30 Jun, 2025
- Founders Tim Bray, Gaston Gonnet, Frank Tompa
- Stage Public
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Sectors
Technology
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Email
***********
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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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Annual Revenue
$5.2 B (USD)-7.79as on Jun 30, 2025
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Net Profit
$438.44 M (USD)-3.53as on Jun 30, 2025
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EBITDA
$1.69 B (USD)-5.4as on Jun 30, 2025
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Latest Funding Round
$1 B (USD), Debt – Conventional
Jun 01, 2018
- Investors
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Employee Count
21400
as on Jun 30, 2025
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Investments & Acquisitions
Bluebird
& 41 more
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IPO & Listings of OpenText
OpenText is a publicly listed company on the TSX with ticker symbol OTEX in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
222 people
Leadership Team
117 people
Sales and Marketing
110 people
Senior Team
38 people
Product Management Team
24 people
Human Resources and Administration
20 people
Finance and Accounting
20 people
Lead Team
18 people
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Funding Insights of OpenText
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $1.0B
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First Round
First Round
(01 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Debt – Conventional - OpenText | Valuation |
investors |
| 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 1 investor, including institutional investors. Prominent investors backing the company include Royal Bank of Canada. 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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Comprehensive banking and financial services are provided globally.
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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 42 companies. Notable acquisitions include Bluebird, Born and Bricata. 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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Cybersecurity suite solutions are provided, including SIEM and incident response.
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2022 | ||||
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Provider of network security and data protection solutions
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2014 | ||||
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Customer communication management solutions are provided to businesses.
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2010 |
| 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 Workiva, Formstack, Syndigo, Nintex and ASG Technologies, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based platform for compliance and reporting management is delivered.
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| domain | founded_year | HQ Location |
Cloud-based workflow automation is provided for enterprise productivity.
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| domain | founded_year | HQ Location |
Cloud-based data management solutions for commerce enterprises are provided.
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| domain | founded_year | HQ Location |
AI-interfaced software is utilized for process management and workflow automation.
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| domain | founded_year | HQ Location |
Cloud-based unified IT management solution for businesses
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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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Latest news on Opentext
Frequently Asked Questions about OpenText
When was OpenText founded?
OpenText was founded in 1991 and raised its 1st funding round 27 years after it was founded.
Where is OpenText located?
OpenText is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
How many employees does OpenText have?
As of Jun 30, 2025, the latest employee count at OpenText is 21,400.
What is the annual revenue of OpenText?
Annual revenue of OpenText is $5.2B as on Jun 30, 2025.
What does OpenText do?
Cloud-based enterprise information management and GRC software. It is a provider of cloud native information management solutions, enabling organizations to capture, manage, and deliver information. It offers an integrated platform that provides an infrastructure for managing unstructured data, and offers a range of solutions for data analytics, content management, and business process management. It uses AI to generate data and insights from multiple business processes. It offers integrated ECM, BPM, CEM, and information exchange systems. The features of the product include document and records management, workflow automation, search engine, archiving data, and add-ons such as email, eDiscovery, auto-classification, contract management, and engineering document management. It also offers an enterprise service that helps in application development. It features animations like bottleneck analysis, for process improvement.
Who are the top competitors of OpenText?
Is OpenText publicly traded?
Yes, OpenText is publicly traded on TSX under the ticker symbol OTEX.
How many acquisitions has OpenText made?
Who are OpenText's investors?
OpenText has 1 investor. Key investors include Royal Bank of Canada.
What is OpenText's ticker symbol?
The ticker symbol of OpenText is OTEX on TSX.
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