OpenText

OpenText products are designed to manage corporate information and have more than 50 million users worldwide.

OpenText products can be integrated with software and hardware from other vendors and manufacturers. Also, the OpenText platform can be installed as part of a comprehensive solution, as well as individual solutions to meet the specific needs of the customer.

History

2021: Zix Data Protection Developer Purchase for $860 Million

In early November 2021, OpenText announced the purchase of a software company Zix for $860 million. The deal involves the creation of a new leading platform for small and medium-sized businesses (SMB). More. here

2020

$830 million fine on claim due to profit manipulation

At the end of December 2020, it became known that the corporation would OpenText pay US tax $830 million in a lawsuit due to manipulation of profits. The concluded agreement will close all previously opened claims for taxable profits for fiscal years 2010 and 2012.

According to the settlement, the total disputed amount is approximately $830 million as of December 31, 2020, including the proposed accrued interest at the established rates. Initially, OpenText must pay the US Tax Service approximately $290 million. The settlement also includes roughly $90 million in future taxes that OpenText must pay over the next 10 years.

OpenText will pay US tax $830 million in a lawsuit due to manipulation of profits

The company OpenText expects that settlement with the tax service will lead to the write-off of taxes and a fine of $290 million for the second quarter of fiscal 2021 ending December 31, 2020. The company should also pay about $290 million in tax in the third quarter of fiscal 2021, which will end on March 31, 2021. Due to the concluded agreement, the OpenText company also expects to pay the national taxes and to make payments for percent at the rate from $10 million to $15 million during calendar 2021.

OpenText believes that the agreement with the US tax is in the interests of all parties, as it closes all past and future issues related to this lawsuit.^[1]

Association of Russian, CIS and Central European Sales and Pre-Sales Departments

On July 1, 2020, the next financial year started at OpenText, with the beginning of which the company announced a change in the business model in Eastern Europe.

Based on the global economic situation and the company's desire to improve customer service, OpenText merged the sales and pre-sales services departments of Russia, CIS and Central Europe into a single division of the company. As part of these structural changes, the OpenText optimizes the implementation and customer support departments and integrates them with strategic centres in other countries.

The CEECIS region was led by Sandra Tiskens as regional vice president. Michael Kuharski will continue to support business development in the region.

Thus, the company OpenText intends to continue to develop and strengthen its position in the region. Customers and partners can now benefit from OpenText 's global services. OpenText continues to offer its solutions and products through local and global partners such as SAP and many others.

In general, these transformations provide OpenText with the opportunity to better respond to local requirements and market changes, as well as work more effectively with customers, helping them achieve their goals, the company noted.

2016

OpenText buys Documentum and other EMC assets for $1.6 billion

In September 2016, OpenText announced that it had signed a final agreement with Dell EMC to purchase from the latest Enterprise Content Division (ECD), including the Documentum, InfoArchive, and Leap product families.

The transaction amount will be $1.62 billion. The revenue of the direction in 2015 amounted to $599 million. It is planned to close the deal within 90-120 days, the OpenText said.

Under the terms of the agreement, the software, related services, personnel of the unit will be integrated into the OpenText. Through this transaction, OpenText expects to expand its offering in the portfolio of products focused on corporate content management. The OpenText also expects to strengthen its vertical offers, expand the customer base, the range of services offered and geographical coverage.

EMC plans to sell, in particular, Documentum to foreign media wrote back in April 2016.

See also OpenText purchases Documentum. What do market players and customers expect from the transaction?

Purchasing HP Software Business

In April 2016, OpenText announced the purchase of part of the software business of HP Inc. This is software related to Customer Experience Management (CEM) systems.

OpenText will pay $170 million for the following HP Inc. products:

• HP TeamSite (Web Content Management Platform)
• HP MediaBin (Digital Asset Management Tool);
• HP Qfiniti (personnel optimization solution);
• HP Explore (Customer Behavior Analysis System);
• HP Aurasma (software with emphasis on augmented reality);
• HP Optimost (a program that helps marketers create a visual overview of the activity of users of the website - visits, purchases, general interest).

Through the purchase of these assets, OpenText hopes to expand the product portfolio and its functionality in the direction of marketing optimization, mobile marketing, etc. In addition, the buyer expects additional revenue from the transaction of $85-95 million.

OpenText buys part of HP Inc. software business for $170 million

It is planned to complete all formalities related to this acquisition in the second quarter of 2016. After the deal closes, about 400 HP Inc. employees will move to work in OpenText.

It is worth noting that as a result of the separation of HP into HP Inc. and HP Enterprise at the end of 2015, CEM products did not go last, which would be logical, given the orientation of this company to corporate IT services and equipment. These decisions were received by HP Inc., which the director of Digital Clarity Group Scott Liewehr explained by the desire of the American manufacturer to sell them as soon as possible.

It is important to understand that OpenText is financially constructive in search of reasonable technologies, "comments Tony Byrne, director of Real Story Group consulting firm, on the purchase of HP Inc. software assets. - The company adheres to the deployment strategy: buying old tools to maintain revenue flows, which, although not always large, are almost always very profitable.[2]

2012: Investment in business transformation

In 2012, OpenText announced its intentions to invest $2 billion in transforming its activities over the next five years.

2011: Purchase Metastorm

February 2011: OpenText, which previously specialized in enterprise content management software, announced the acquisition of the company for $182 million. Metastorm Thus, Metastorm developed technologies for business process management, as well as systems design and analysis tools, are at the disposal of OpenText. business processes Metastorm products are used by such well-known companies as CIT Group, Hewlett-Packard, Qualcomm, as well as St. de Paul University and the Air Force. USA

2004-2010

Since 2004, Gartner has positioned OpenText in the leaders of the "magic quadrant" in the field of ECM.

In 2006, Hummingbird was acquired by Open Text, and the Hummingbird Enterprise product line supplemented the original Open Text product line under the new name eDOCS Suite.

In May 2009, OpenText bought its direct competitor Vignette for $310 million.

In February 2010, OpenText bought Nstein Technologies, which was engaged in content management systems (the deal amounted to $35 million).

October 2010: OpenText bought the developer of communication programs StreamServe for $71 million.

1990s

In the early 90s, three professors at the Canadian University of Waterloo conducted research related to indexing the Oxford English Dictionary. In 1991, they created OpenText, and a few years later they used the experience gained when creating one of the popular search engines in the past, which competed on equal terms with AltaVista.

Since 1995, the OpenText engine has been used by Yahoo! At the same time, the first company focused on document management was acquired, and already in 1996 IDC announced the company as the leader in electronic document management on the Internet.

Since 1999, a whole bouquet of companies have been acquired, somehow associated with ECM, but with an emphasis on form. The most significant acquisitions include IXOS AG and Hummingbird.

Business in Russia

2012: Agreement with AITI

On May 14, 2012, the Russian integrator IT"" announced the conclusion of a cooperation agreement with one of the world's largest developers ECM Systems (Enterprise Content Management) - the company OpenText. It ON allows you to create a single repository and provides access to up-to-date versions of various text and graphics documents. As an authorized partner, AIT will provide customers with solutions to optimize the storage and management of structured and unstructured content, which involve interaction with the leaders. ERP systems

The OpenText services related to integration of ERP systems with ECM products will be provided by the AIT business application competence center. We are talking about optimizing the process of coordinating documents, managing organizational and administrative, incoming and outgoing documents, processing financial documents, organizing an archive of financial, personnel, design estimates and other documents.

According to Elena Gutseva, AIT Deputy General Director for Business Applications, the new agreement will open a promising direction for working with content within the framework of ERP systems, in particular, SAP solutions. The integration of ERP and ECM systems into a single whole can increase the manageability and transparency of business processes. It is definitely of interest to companies that are engaged in development and unification, increasing functionality and transferring their own IP to new platforms. "Also interesting for us is the promotion of special mobile ECM applications, OpenText" adds Ms. Gutseva.

The AIT portfolio was supplemented by:

• content management systems (BPM, CMS) OpenText Auto-Classification and OpenText Social Communities,
• OpenText ECM Suite, OpenText Livelink ECM - eDOCS, OpenText Tempo,
• office applications OpenText RightFax, OpenText Social Workplace and
• SHD SAP Archiving, SAP Document Access.

Notes