OpenText

OpenText

Cloud-native enterprise information management solutions

Overview

Company Does Not Provide H1B Sponsorship

OpenText provides software and services to help organizations manage, govern, and secure their information. It focuses on Enterprise Information Management with cloud-native solutions that scale for large enterprises and government agencies. Its products capture, organize, govern, exchange, and securely access data, and include OpenText Connect for single sign-on and access to support resources. OpenText earns revenue from software licenses, cloud subscriptions, and professional services, and its goal is to help organizations transform digitally and unlock value from information across many industries.

Significant Headcount Growth

About OpenText

Simplify's Rating
Why OpenText is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Company Size

10,001+

Company Stage

IPO

Headquarters

Waterloo, Canada

Founded

1991

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Simplify's Take

What believers are saying

  • Fiscal 2026 cloud revenue reached $1.959 billion, up 5.5%, with bookings up 22.5%.
  • OpenText announced €105 million Ireland expansion, adding 400 jobs for agentic AI.
  • AWS European Sovereign Cloud availability and Google Cloud Next integrations deepen enterprise AI distribution.

What critics are saying

  • OpenText faces Paluch v. Open Text Inc. age-bias claims in Illinois federal court.
  • The 2025-2026 restructuring cut thousands of roles, signaling weak operating leverage and morale damage.
  • If AI-native rivals commoditize enterprise information management, OpenText’s legacy portfolio becomes a slow-motion stranded asset.

What makes OpenText unique

  • OpenText pairs governed content management with enterprise AI across regulated industries.
  • Its sovereign-cloud strategy spans AWS European Sovereign Cloud and S3NS partnerships.
  • Twenty-two straight quarters of cloud organic growth shows durable installed-base monetization.

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Funding

Total Funding

$1.2B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

15%

1 year growth

15%

2 year growth

15%
WeirdWare
Jul 27th, 2026
OpenText Irish expansion to develop agentic AI and sovereign cloud.

OpenText Irish expansion to develop agentic AI and sovereign cloud. New Vyond chief to accelerates sales push for enterprise video. 27th July 2026 Corporate video focused Vyond has appointed a new chief executive to drive sales of its AI-powered enterprise video creation and editing platform. The software vendor signed up SaaS veteran Scott Ernst in Q2. He took the reins from Gary Lipkowitz, who moved to the Board to guide strategy. Vyond appealed because its platform was "genuinely embedded in how large organisations operate", Ernst said in May. The company boasted a strong, experienced team and a product roadmap with "real AI-driven upside". It would deploy AI to "operationalise" knowledge and workflows at scale. "That's a specific and executable opportunity. And I'm focused on translating it into durable growth," Ernst said. Ernst brought 20 years of growing tech companies through to market IPOs and exits. He'd led developments in product innovation, go-to-market execution, and operational performance, Vyond said. So far, Vyond has 17,000 customers for its enterprise video creation and communication platform. Organisations use its software to make training, HR, sales enablement, compliance, customer education, and internal communications videos. For example, the Vyond suite offers features like text-to-speech and AI-generated avatars for animated corporate videos. Advancements for enterprise video. The enterprise-level offering includes brand management capabilities. As a result, organisations can keep designs and content, such as specific fonts, images or logos, consistent and easy to access and deploy when needed. Also, organisations can use Vyond to create and embed watermarks made from company logos or other assets. The studio incorporates AI enablement, approval management and global-team collaboration functionality as well. Users can create and share folders administered from the account level for specific purposes, projects, and groups, or share videos securely with individuals or an entire team, the vendor said. Meanwhile, Vyond supports ISO 27001, single sign-on (SSO), AWS hosting, data partitioning, Verified by TrustArc privacy compliance, and more.

Newswire
Jul 17th, 2026
OpenText appoints Jill Larsen to board of directors.

OpenText appoints Jill Larsen to board of directors. Jul 17, 2026, 08:30 ET WATERLOO, ON, July 17, 2026 /CNW/ - Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), a global leader in data management for enterprise AI, today announced the appointment of Jill Larsen to its board of directors (the Board) effective immediately. Ms. Larsen is a seasoned executive, currently serving as Chief People Officer at Synopsys, Inc., a publicly traded global technology company and leader in engineering solutions from silicon to systems. At Synopsys, Ms. Larsen focuses on organizational strategy and talent planning, cultural vitality, employee experience, total rewards and leadership development, serving a global workforce of over 25,000 employees. Prior to Synopsys, Ms. Larsen served as a Chief People Officer and C-suite executive in global public and private companies including PTC, Medidata, Cisco Systems, EMC, and SunGard. Throughout her extensive career, Ms. Larsen has architected and managed best-in-class human resources organizations and overseen talent and digital transformations at global scale across a variety of technology companies. Ms. Larsen earned a B.A. in Communications & English from Boston College and an M.S. in HR Management from Emmanuel College. She is a certified Professional in Human Resources and a member of the National Association of Corporate Directors. "We are pleased to welcome Jill to the OpenText Board," said Tom Jenkins, Chair of the Board, OpenText. "She is a seasoned technology executive with extensive experience in executive compensation, workforce planning, talent acquisition and organizational design. Having led global workforces at large technology companies, she will be highly valuable in supporting the Board's governance of our people and culture priorities, in line with shareholder expectations." In conjunction with Ms. Larsen's appointment to the Board, the Company also announced that Kristen Ludgate has notified the Company of her decision to resign from the Board. "On behalf of the leadership team, we thank Kristen for her partnership and contributions to the Board and wish her every success ahead," said Ayman Antoun, CEO, OpenText. "We're also pleased to welcome Jill to the Board, whose voice at the table will help drive our next stage of growth." Ms. Ludgate's resignation from the Board was for personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company accepts Ms. Ludgate's resignation, effective today, and thanks her for her service and contributions to the Board. About OpenText OpenText(TM) is a global leader in data management for enterprise AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for enterprise AI. Learn more at www.opentext.com. SOURCE Open Text Corporation

WeirdWare
Jul 17th, 2026
OpenText Irish expansion to develop agentic AI and sovereign cloud.

OpenText Irish expansion to develop agentic AI and sovereign cloud. ShareGate is delivering AI-powered M365 governance. 17th July 2026 ShareGate has unveiled model context protocol (MCP) tooling for genAI use across Microsoft 365 (M365) tenants. Initially, ShareGate MCP is available in ShareGate Protect - but the vendor promises that more of its products are coming to the protocol. Meanwhile, ShareGate MCP connects ShareGate Protect to several large language models (LLMs). These include Anthropic's Claude, OpenAI's ChatGPT, and Microsoft Copilot. "So you can govern your M365 tenant from the AI you're already using," the vendor said, announcing ShareGate MCP. "ShareGate MCP is now live. It's a connector, built by us, hosted by us, that lets your AI talk directly to your ShareGate Protect data." MCP is an open standard aimed at connecting AI tools to third-party software to pull in data. For example, sourcing necessary data for a task from a specific authorised dataset - such as M365 governance data. "Imagine someone asks you a governance question. Such as 'who has access to this site?'," ShareGate said. "Instead of digging into reports or CSVs, you just ask the AI you're already using." GenAI use for pulling more data. ShareGate Protect already pulled M365 governance data out of multiple admin centers and into one place. But ShareGate MCP meant you could more easily interrogate that data, including with natural language. It could also connect with other MCP tools, such as Microsoft's Work IQ MCP server. For example, With Microsoft's MCP Server for Enterprise, users can pair ShareGate's view of M365 access with live Entra ID data on identities and MFA status. They could ask a genAI tool to, for instance, find every guest user with access to finance sites who hasn't signed in for 90 days and doesn't have MFA enabled. From from July 2026, you'll be able to remove a sharing link, adjust group ownership, or set up an automated policy in Protect that handles a recurring problem on a schedule. "ShareGate MCP will preview every action in plain language and wait for your sign-off before anything runs," the vendor said. "More's coming in July, including remediation actions through MCP." Easing secure M365 governance. Many IT leaders say their governance workload has increased since adopting genAI. So MCP can help reduce the load, ShareGate added. "The pressure on IT teams has changed. The questions come faster, the answers need to be more current, and the cost of getting it wrong has gone up." Meanwhile, companies have had genAI uncover sensitive data that it shouldn't have been able to access, ShareGate said. "Protect now automates across more scenarios and gives partners more control from day one. Migrate lays the groundwork for cleaner identity transitions and more resilient local data," the vendor explained. Enhancements to Migrate focus on SSO integration, Entra ID migration preview, manual identity mapping, license assignment, identity and domain mapping, and encryption flexibility.

Kingswood Media Ltd.
Jul 6th, 2026
GTIA announces 2026 UK & Ireland Spotlight Awards winners.

GTIA announces 2026 UK & Ireland Spotlight Awards winners. By Neil Trim on July 6, 2026 Nine standout contributors to the IT channel have been named winners of the 2026 UK & Ireland Spotlight Awards by the Global Technology Industry Association (GTIA), the nonprofit membership community representing and connecting the global IT channel. This year's winners were celebrated last night at the GTIA UK & Ireland Community Forum & Spotlight Awards reception and dinner held at the Midland Hotel in Manchester, UK. "Congratulations to our 2026 UK & Ireland Spotlight Award recipients," said MJ Shoer, Chief Community Officer at GTIA. "Their leadership and active contributions continue to strengthen the GTIA community and wider technology ecosystem. It's a privilege to recognise their achievements over the past year, and we thank them for the positive impact they've made." Four individuals and five organisations have been recognised with 2026 UK & Ireland Spotlight Awards: Phil Callow, Managing Director of ARK ICT Solutions Ltd, won the Community Leadership Award for his outstanding leadership in bringing people together and creating opportunities for others, both within and beyond the GTIA community. Chloe Mann, Sales Manager at Brigantia, won the Future Leader Award for demonstrating innovation, entrepreneurial success and meaningful industry impact over the past 12 months. Michelle Frost, Channel Marketing Manager at Opentext Ltd, won the Advancing Women in Technology Leadership Award, serving as a role model and driving gender equality across the industry. Subramani Rao, Senior Manager in Cybersecurity Solutions Strategy at Acronis, secured the Cybersecurity Leadership Award for his commitment and passion to strengthening cybersecurity resilience, and deepening participation in GTIA's cybersecurity programmes. Acronis itself took home the Advancing Diversity in Technology Leadership Award for championing a more inclusive, equitable, and forward-looking technology channel. Purple Frog Systems Ltd won the IT Service Provider (ITSP) Award for delivering high-quality solutions and serving as a trusted advisor for customers, enhancing their operations, growth, productivity and long-term success. 1Password won the Innovative Vendor Award for introducing impactful innovations that have meaningfully improved the customer experience and helped to measurably advance the wider IT channel. Renaissance Contingency Services Limited secured the Innovative Distributor Award for its creativity, leadership and forward-thinking approach that have driven meaningful transformation in shaping the direction of the global IT channel. MSP Finance Team won the Associate Member Award for demonstrating outstanding engagement in GTIA activities, and for making a positive impact on the lives and careers of channel professionals. information about the Spotlight Awards, including the nomination and selection process, can be found at gtia.org. The Global Technology Industry Association (GTIA) is the only vendor-neutral, 501(c)(6) nonprofit membership community connecting and representing the worldwide IT channel. We set our members up for success by providing benefits that include trusted resources and networking opportunities. In addition, the association sets industry standards that enable companies to build sustainable, secure and profitable businesses in an ever-changing technology landscape. Internationally, GTIA represents hundreds of thousands of professionals from more than 2,400 ITSPs, vendors, distributors and other companies serving the IT channel. Please follow and like us: Views: 101

OpenText
Jun 30th, 2026
IDC names OpenText a Leader in manufacturing Track & Trace and Serialization.

IDC names OpenText a Leader in manufacturing Track & Trace and Serialization. 2 minutes read For years, manufacturers viewed track and trace primarily as a compliance initiative. The goal was straightforward: meet regulatory requirements, maintain records, and support product recalls when necessary. Today, that mindset is changing. Manufacturers are facing a very different operating environment - one shaped by supply chain disruption, counterfeit products, evolving regulations, sustainability commitments, and rising customer expectations for transparency. At the same time, AI is reshaping manufacturing, but AI is only as valuable as the quality and trustworthiness of the data behind it. Traceability has become far more than a compliance exercise. It has become the foundation for trusted manufacturing. Manufacturing has entered the era of trusted products. IDC identifies a clear shift taking place across manufacturing. Organizations are no longer investing in traceability simply to satisfy regulations. They are investing because traceability delivers measurable business value across the enterprise. According to IDC, manufacturers increasingly rely on track-and-trace systems to: * Improve supply chain visibility and resilience * Hold suppliers accountable for quality and compliance * Support evolving regulatory requirements * Enable sustainability and ESG reporting * Improve recall precision and response * Build customer trust through product transparency * Combat counterfeiting and protect brand reputation * Improve operational efficiency through data-driven decisions In other words, every product now carries a digital story - and organizations that can trust that story will make faster, smarter decisions. Why OpenText was recognized. OpenText Core Product Traceability Service (CPTS) was recognized for helping manufacturers move beyond traditional serialization and reporting. IDC highlighted several strengths of OpenText, including: * An end-to-end track-and-trace solution spanning production through market and point of use * Product authenticity and provenance verification * Rule-driven, real-time controls and investigation capabilities * Integration with the broader OpenText Business Network ecosystem * A flexible, customer-focused delivery model backed by global manufacturing expertise OpenText believe these strengths reflect an important industry evolution. Visibility is valuable. Knowing what to do next is transformational. Traceability should drive action - not just reporting. Many organizations already collect enormous amounts of manufacturing and supply chain data. The challenge isn't collecting more information. OpenText CPTS connects products, suppliers, transactions, quality events, and operational signals into a trusted, end-to-end view of the business. It helps manufacturers: * Verify product authenticity * Track products from production to consumer * Investigate quality issues faster * Reduce the impact of recalls * Detect diversion and counterfeit activity * Connect traceability across global trading partners Because CPTS is part of the OpenText Business Network, manufacturers can extend product traceability beyond the four walls of the enterprise into suppliers, logistics providers, distributors, retailers, and customers. The result is a connected digital thread across the product lifecycle. Preparing manufacturers for what's next. The timing of this recognition couldn't be more relevant. Manufacturers are preparing for significant industry initiatives, including: * Digital Product Passports (DPP) * GS1 Sunrise 2027 * Growing sustainability reporting requirements * Expanded anti-counterfeit initiatives * AI-driven manufacturing operations Each of these initiatives depends on one thing: Trusted product identity. Without trusted product data, organizations cannot fully realize the promise of AI, digital supply chains, or intelligent manufacturing. Build the future of intelligent manufacturing. IDC's recognition reinforces what OpenText believe manufacturers increasingly need: Not simply another serialization solution. But a platform that connects products, partners, and processes - transforms traceability into operational intelligence. As manufacturers continue their digital transformation journeys, OpenText remains committed to helping organizations build resilient supply chains, protect their brands, strengthen customer trust, and prepare for the next generation of connected manufacturing.

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