Open Text Corp (TSX:OTEX) News and Share Price

Open Text Corporation is a global leader in providing enterprises information management (EIM) system. The company was incorporated in June 1991 and was publicly listed on the NASDAQ in 1996.

Open Text has its genesis in a string-search and text-indexing project undertaken at the University of Waterloo in 1984, in partnership with Oxford University. The objective was to create the online Oxford English Dictionary.

Open Text provides cloud-based information management services to help companies extract value-based and secure information. The software allows the customers to archive, collect, restore, search structured and unstructured content.

The product and solutions include:
• Information management solutions
• AI and Analytics
• Digital process automation
• OpenText ™ Cloud Editions
• Omni-channel communications
• OpenText ™ Documentum™

The Canadian firm provides consulting and management software tools, learning solutions and cloud-based services to customers.

Open Text provides industry-specific solutions and services to multiple industries, including:
• Aerospace
• Chemicals
• consumer goods
• legal
• automotive
• education
• healthcare
• insurance and banking
• public sector
• life sciences
• oil and gas

The EIM solutions provider claims to solve digital business challenges for clients, from small and mid-sized businesses to big organizations.

Through its information advantage, the company says the customers can integrate, organize, gain new insights, improve customer experience, and protect content and data flow in an organization, both internal and external.

Through the Open Text Magellan Data Discovery, the business clients can analyze the impact of COVID-19 by segmenting data and comparing sales before and after the pandemic year, the company claims.

Open Text acquired Dell EMC’s enterprise content division in 2017 to strengthen its position in the content services sector.

It also bought Carbonite Inc, an American company providing cloud-based data protection solutions, in 2019.