O

OpenText

Cloud-native enterprise information management solutions

Overview

Company Does Not Provide H-1B Sponsorship

OpenText provides software and services for Enterprise Information Management to help organizations capture, govern, exchange, and secure data. Its cloud-native solutions run online and scale for large enterprises and governments, with OpenText Connect offering single sign-on and access to support resources. Revenue comes from software licenses, cloud subscriptions, and professional services to implement and optimize information management. The company differentiates itself through its global reach and broad suite of EIM tools across many industries, combining on-premise and cloud options to support digital transformation and secure data value extraction.

Significant Headcount Growth

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About OpenText

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

Industries

Data & AnalyticsEnterprise SoftwareCybersecurity

Company Size

10,001+

Company Stage

IPO

Headquarters

Waterloo, Canada

Founded

1991

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Simplify's take

What believers are saying

  • Cloud revenue rose 5.5% in fiscal 2026, its 22nd straight organic growth quarter.
  • September 2026 notes refinancing reduces 2027 and 2028 debt overhang.
  • OpenText will add 400 Ireland jobs for agentic AI and sovereign cloud.

What critics are saying

  • ARR grew only 1.3% in fiscal 2026, exposing weak core demand.
  • OpenText cut 4% in March 2026 and 2% more in July 2026.
  • Paluch v. Open Text Inc. alleges age discrimination and unpaid commissions.

What makes OpenText unique

  • OpenText embeds content, ITOM, and cybersecurity inside regulated government workflows.
  • Its Cohere partnership targets sovereign, on-premises, and private-cloud agentic AI.
  • OpenText still serves 120,000 enterprise clients across 180 countries.

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Funding

Total Funding

$2.2B

Above

Industry Average

Funded Over

4 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

6 month growth

14%

1 year growth

15%

2 year growth

15%
MarketBeat
Nov 5th, 2026
Open Text Q1 earnings call highlights.

Open Text Q1 earnings call highlights. November 5, 2026 Key points. * Open Text reported Q1 revenue of $1.237 billion and maintained its fiscal 2027 outlook, including 2%-3% core growth in constant currency. Core revenue rose 2.4%, while declines in client support, licensing and services offset cloud gains. * Cloud was the main growth driver: total cloud revenue increased 4.3% to $505 million, while Content Cloud grew 20.7% for a fifth consecutive quarter of roughly 20% growth. Cloud deals involving Aviator were notably larger on average. * Adjusted EBITDA margin was 35.8%, above the company's forecast, and free cash flow rose 36.8% to $139 million. Management plans to increase growth investment in the second half of fiscal 2027 and expects margins to be lower during that period. * Five stocks to consider instead of Open Text. Open Text NASDAQ: OTEX reported fiscal first-quarter revenue of $1.237 billion and maintained its full-year outlook, as growth in cloud products helped offset declines in client support, licensing and professional services revenue. Core revenue rose 2.4% year over year to $864 million, or 2.7% in constant currency, Chief Financial Officer Steve Rai said on the company's earnings call. Core Cloud revenue increased 11.2% to $339 million, with Content Cloud leading the gains. Management said it plans to increase growth investments over the course of fiscal 2027, particularly in the second half, and will present a multiyear growth plan at an investor day in Toronto on Feb. 10, 2027. The company also said it had reclassified products representing $116 million in quarterly revenue from core to non-core as part of an assessment of its portfolio. Cloud growth leads results. Content Cloud revenue grew 20.7% year over year, marking its fifth consecutive quarter of approximately 20% growth, Rai said. All four core product categories recorded positive cloud growth, including cybersecurity enterprise. Total cloud revenue rose 4.3% to $505 million. Open Text closed 35 cloud deals worth more than $1 million, up 6% from a year earlier. Rai said many of those deals included the company's Aviator artificial intelligence products; Content Cloud deals that include Aviator are, on average, four times larger. Total remaining performance obligations rose 7% year over year, while the current portion increased 3%. Cloud current remaining performance obligations grew 12%, while client support and other current obligations fell 5%. Outside cloud, client support revenue declined 9% on a reported basis, primarily because of non-core product categories. Total license revenue fell 8%, and professional services and other revenue dropped 11%. Core license revenue, however, rose approximately 8%. Rai noted that year-over-year comparisons include revenue in fiscal 2026 from the divested eDOCS and Vertica businesses. Adjusted EBITDA margin was 35.8%, above the company's outlook range of 32% to 33%, though down 50 basis points year over year. Rai attributed the result in part to stronger gross margins, the timing of growth-related expenses and expense management. GAAP diluted earnings per share rose 10.3% to $0.64, while non-GAAP diluted earnings per share were unchanged at $1.05. Discover more Stock Rating Screener Dividend Screener Tool Track Stock Market Operating cash flow rose 16.6% to $172 million, and free cash flow increased 36.8% to $139 million. Portfolio review and sales changes. Rai said core revenue grew organically both with and without the product reclassifications. He added that further changes between core and non-core categories could follow the enterprise assessment. Chief Executive Officer Ayman Antoun said the reclassified products included primarily on-premises legacy offerings in maintenance and support mode, as well as products that duplicated capabilities elsewhere in the portfolio. He cited security analytics and asset configuration and automation products as examples, saying the company would continue to support clients while limiting investment in those areas. Antoun said Open Text had filled all 300 client executive roles under a sales model that gives each strategic account a primary contact. Those executives coordinate with specialist salespeople and technical staff and are expected to help cross-sell products. Asked about double-digit declines in IT operations management and cybersecurity, Antoun said sales execution needed to improve. He said the company was moving toward more specialized cybersecurity sellers and increasing partner enablement and marketing. He expects improvement each quarter for the remainder of the fiscal year and reiterated that every core category, including IT operations management and cybersecurity, is expected to grow for the full year. Outlook and debt. For the fiscal second quarter, Open Text forecast revenue of $1.26 billion to $1.29 billion and an adjusted EBITDA margin of 33% to 34%. Rai said investment spending and the organic growth trajectory are weighted toward the second half of the year, when adjusted EBITDA margins are expected to be lower than in the first half. The company maintained its fiscal 2027 outlook across all metrics, including its target of 2% to 3% year-over-year core growth in constant currency. Rai said the core and non-core reclassifications did not significantly affect the annual ranges. After the quarter ended, Open Text issued $1 billion in secured bonds to retire its 2027 bonds and repaid $300 million of its 2028 bonds through a tender offer. It also extended the maturity of its undrawn $750 million revolving credit facility. Gross debt was $949 million lower than a year earlier following the transactions, Rai said. The company continues to receive interest in its non-core businesses, Rai said, but is reviewing opportunities against its return requirements and strategic objectives. "We're not going to rush it on a fire sale basis," he told analysts. About Open Text (NASDAQ:OTEX). OpenText Corporation is a Canadian enterprise software company that develops solutions for managing, securing and exchanging business information. Its offerings help organizations organize content, automate business processes, connect with customers and partners, and manage information across cloud, on-premises and hybrid environments. The company's portfolio includes enterprise content management, business network and integration services, customer experience tools, cybersecurity and information governance solutions, and software for managing enterprise applications and information technology operations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Open Text, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Open Text wasn't on the list. While Open Text currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge - and the key risks investors should watch as the global AI buildout accelerates. Continue following MarketBeat

Open Text Corporation
Oct 28th, 2026
OpenText Buys Carbonite, Inc.

OpenText™ (NASDAQ: OTEX) (TSX: OTEX), " The Information Company ," announced today that it has completed the closing of the previously announced acquisition of Carbonite, Inc. ("Carbonite"), provider of cloud-based subscription data protection, backup, disaster recovery and endpoint security to small and medium-sized businesses and prosumers. "I am delighted to announce today the completion of the Carbonite acquisition and warmly welcome Carbonite customers, partners, and employees to OpenText. Combined, we will be able to provide our customers the first end-point platform that offers data protection, endpoint security, intrusion detection and digital forensics – ensuring cyber resiliency and trusted innovation," said Mark J. Barrenechea, OpenText CEO & CTO. "Carbonite brings a world-class channel organization and partners, allowing OpenText to bring EIM to all size customers including SMB to prosumers." Barrenechea further added, "We have confidence in our ability to integrate,

OpenText
Oct 28th, 2026
Fortify Agentic Analyzer 26.4: shaped by your feedback.

Fortify Agentic Analyzer 26.4: shaped by your feedback. Scan code changes without a baseline, get flexible results, control LLM costs, and connect through your own gateways with Fortify Agentic Analyzer 26.4. 5 minutes read When OpenText Corp. put out the initial release of Fortify Agentic Analyzer this summer, OpenText Corp. were moving quickly. The market had shifted almost overnight. AI coding assistants were generating more code, faster, than security teams could keep up with (which isn't new, but AI exponentially accelerated the problem). The old assumption that a human carefully reviews everything before it ships was never really a reality, but the explosion of AI changed the velocity to a fever pitch. OpenText Corp. knew that agentic analysis was the right answer, and OpenText Corp. didn't want to sit on it. So OpenText Corp. got it into people's hands. I wrote at the time about what it is and why it matters in Level up your agentic AppSec powers, and OpenText Corp. followed up with hard evidence of the kinds of bugs it actually finds in Applying agentic analysis to real AppSec problems. If you want the broader argument for why the future of application security is hybrid rather than any single tool, that one is here: AI didn't break application security. Since then, something more useful than any amount of its own theorizing has happened: people have been using it. On real codebases, in real pipelines, under real constraints. And they have told OpenText Corp., in detail, what worked, and what they needed next. 26.4 is what OpenText Corp. did with that. 26.4 marks Fortify Agentic Analyzer shipping as part of its normal release cadence, alongside its other on-premises products. The initial release was built fast, in response to an urgent need. 26.4 is the point where it settles into being a regular, dependable part of the Fortify portfolio: on the same release cadence as Fortify SAST, with documented release notes, version support, and a predictable upgrade path, like everything else OpenText Corp. ship. Here is what changed, and why. First, if you are new to this. Fortify Agentic Analyzer uses AI agents to reason about your source code the way a good reviewer would. Not pattern matching, not tracing tainted data from a source to a sink, but actually reasoning about what the code is trying to do and where that goes wrong. That lets it find the things traditional static analysis structurally cannot: broken authorization, flawed authentication design, business-logic bugs, the vulnerabilities that live in what the code fails to do rather than in some traceable data path. It does not replace Fortify SAST. SAST is fast, broad, and deterministic, and it stays your first line of defense on every build. Agentic analysis is the deeper, more selective pass on top. The two are complementary, and I mean that in the real sense: they find different things, and you want both. Its findings land in the same Fortify workflow you already use. With that out of the way, let's talk about 26.4. Where Fortify Agentic Analyzer fits in its AI work. One thing I want to be clear about: Fortify Agentic Analyzer is not a side project. It is one piece of how OpenText Corp. is applying AI across the whole Fortify platform, and it helps to see the whole picture. Remediation Aviator triages findings and generates fixes. AI-Powered SAST extends static analysis to additional languages. AI risk detection looks for the new categories of risk that AI-generated code and LLM features introduce. Agent Skills and its MCP server put Fortify capabilities directly inside the agentic workflows developers already use. And Fortify Agentic Analyzer finds the vulnerabilities that rules-based analysis cannot reach. These are deliberately distinct capabilities. They do different jobs, and OpenText Corp. is careful not to blur them together. But they run on the same platform, feed the same workflow, and point in the same direction: security that keeps up with how software is built now. The diagram below shows how the pieces fit, from the IDE through the pipeline and back into the Fortify platform. For more on the individual pieces: Remediation Aviator product page; Fortify Agent Skills; and Introducing AI-Powered SAST. Scan uncommitted changes, without a full scan first. OpenText Corp. already supported incremental and differential scanning against a baseline. In 26.4 OpenText Corp. added non-baselined differential scanning, and this one came straight from how people actually work. You no longer need a full scan sitting there as a reference point. You can point Fortify Agentic Analyzer at a pull request, a merge request, a branch, or simply the uncommitted changes in your working directory, and analyze just that. It makes agentic analysis practical in the moment code is written and reviewed, not only in scheduled runs. More ways to get results out. SARIF is great for tooling, but a lot of what people wanted to do with FAA's output did not involve a SARIF consumer at all. So OpenText Corp. added Markdown, in a few shapes: a short summary file, a single detailed file with everything in it, or a folder with one Markdown file per issue plus an index tying them together. That sounds mundane until you see what it unlocks. In particular, it makes FAA a clean first step in an agentic workflow, where another agent picks up the Markdown and acts on the findings. Output that another tool, or another agent, can actually read is half the battle. Cost and determinism. Agentic analysis is very good at finding issues, but it comes with two trade-offs against traditional static analysis: it costs more to run, and it is not fully deterministic. Run it twice and the results will not always match. Both are inherent to the approach, at least for now. 26.4 gives you more control over both. Stronger controls on token spend let you set how much a scan is allowed to cost. And OpenText Corp. has improved determinism on the findings that matter most, so the important results stay stable from run to run, even if the long tail still shifts. Both stay near the top of its roadmap. Connecting to your LLMs your way. One pattern OpenText Corp. saw again and again: teams do not want to point FAA straight at a hyperscaler. They want to go through their own API gateway or AI gateway. Sometimes that is governance, but very often it is cost control, which ties back to the point above. So in 26.4 OpenText Corp. added a TypeScript-based plugin mechanism that lets you put whatever you need in between FAA and the model. A concrete example: one client's API gateway required a custom HMAC signature on every single request. That is the kind of bespoke requirement that normally gets a "sorry, not supported." With the plugin mechanism, FAA signs the requests the way their gateway demands, and it just works. Where this is going. If there is a theme to 26.4, it is that the people using Fortify Agentic Analyzer are the ones shaping it. Lower-friction scanning. Output that fits real workflows. Real levers on cost and consistency. Freedom to connect to models the way your organization actually operates. None of that came off a whiteboard. It came from users. That is the loop OpenText Corp. want to keep running. If you want to see how FAA fits next to Fortify SAST in a full application security program, take a look at the Fortify Agentic Analyzer solution page. For the technical details, see the Fortify Agentic Analyzer 26.4 user guide and the SAST 26.4 documentation. And if you are already using it: keep telling OpenText Corp. what is working and what's not. It goes into whatever OpenText Corp. build next. See what agentic analysis can uncover Discover how Fortify Agentic Analyzer works alongside Fortify SAST to find complex vulnerabilities traditional analysis can miss.

OpenText
Oct 23rd, 2026
Bring your AppSec backlog to OWASP Global AppSec USA 2026.

Bring your AppSec backlog to OWASP Global AppSec USA 2026. Find what matters. Fix with context. Fortify the applications your teams build. AI coding agents and human developers are producing code faster than security teams can review it. The result is a familiar problem with new urgency: findings pile up, triage takes time, and developers need a clear path to the fixes that matter. At OWASP Global AppSec USA 2026, November 5 and 6 in San Francisco, OpenText Fortify is bringing one question to the conversation: How ugly is your AppSec backlog? Find. Fix. Fortify. Finding more issues is not enough if teams cannot act on them. OpenText Fortify combines established application security testing with practical AI capabilities to help teams move from detection to decisions and remediation. Find what conventional analysis can miss. Fortify Agentic Analyzer complements static application security testing with deeper analysis of complex issues, including application logic and authorization flaws. Fix with better context. Fortify Remediation Aviator helps teams audit and triage findings, understand the reasoning behind them, and work with contextual remediation guidance while retaining developer review. Fortify your testing foundation. SAST, DAST, and software composition analysis address different parts of application risk. Together with AI analysis, they support testing across source code, running applications, and third-party components. Bring Open Text Corporation your backlog. Whether your challenge is an overflowing findings queue, complex vulnerabilities, or keeping security aligned with AI-assisted development, come talk with the OpenText Fortify team at booth G11. Bring your toughest AppSec questions. Open Text Corporation will discuss where proven testing and AI can help your team focus its effort. Event details: November 5 and 6, 2026 | Hyatt Regency San Francisco, 5 Embarcadero Center | OpenText booth: G11 Bring your AppSec challenges and meet with the OpenText Fortify team at OWASP Global AppSec USA 2026.

MarTech360
Oct 22nd, 2026
OpenText appoints Kevin Beddingfield as a Client Director.

OpenText appoints Kevin Beddingfield as a Client Director. OpenText has appointed Kevin Beddingfield as Client Director, marking a new professional chapter for the experienced technology professional after 12 years at ClearCadence. Beddingfield announced the move by sharing that he had decided to pursue a new opportunity after more than a decade with his previous organisation. He described the transition as a return to his roots, suggesting a connection between his new position and his earlier professional experience. In his new role, Beddingfield joins OpenText, a company specialising in information management software and solutions for businesses. The Client Director position places him in a client-facing role within the enterprise technology sector, where understanding customer requirements and building business relationships are important aspects of the work. His departure from ClearCadence after 12 years marks a significant career transition, reflecting a move from a long-standing professional association to a new opportunity at OpenText. The appointment comes as enterprise technology providers continue to work closely with organisations seeking to manage information, improve business processes, and support digital operations. Client-facing leadership roles play an important part in connecting technology capabilities with customer priorities. Further details about Beddingfield's specific responsibilities at OpenText were not available in the publicly accessible announcement.

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