Yes, OpenText Corporation is primarily a product-based company. It is a Canada-based global software company specialising in a comprehensive suite of information management software products and platforms. Founded in the year 1991, OpenText designs, develops, markets and sells secure information management software designed to equip every enterprise function with innovative, secure and connected tools.
OpenText serves organisations of all sizes across industries, right from engineering and finance to human resources. It is Canada’s fourth-largest software company and was recognised as one of the top 100 employers in Canada for the year 2025 by Mediacorp Canada Inc.
Here is a quick overview of OpenText Corporation
| Details | Info |
| Founded | 1991 |
| Founder | Timothy Bray, Frank Tompa, Gaston Gonnet |
| Headquarters | Waterloo, Ontario, Canada |
| CEO | James McGourlay |
| Industry | Software |
| Products | Enterprise content management, business process management, cybersecurity and more |
| Revenue | USD 5.17 billion (2025) |
| Number of Employees | 22,000 |
| Official Website | www.opentext.com |
Company History
OpenText Corporation was founded in the year 1991 by Canadian software developer Timothy Bray, along with University of Waterloo professors Frank Tompa and Gaston Gonnet to create the first online Oxford English Dictionary in partnership with Oxford University. In September 1991, the company shipped its first product, a search engine based on OED indexing technology.
OpenText moved to enterprise content management, information governance and business process solutions in the early 2000s. It acquired companies like Ixos Software AG in 2003 and Hummingbird in 2006. In July 2020, the company partnered with the cybersecurity company NINJIO.
In the year 2023, OpenText acquired Micro Focus for around $6 billion, its largest ever acquisition. The company joined Joint Cyber Defense Collaborative, a US government cybersecurity initiative, in February 2024.
Current Status
OpenText Corporation offers a broad portfolio of enterprise software products focused on information management, business process automation, cybersecurity, AI-driven analytics, cloud solutions and more. The products and solutions are delivered via cloud, on-premise or hybrid models.
The company’s software products and platforms deliver a number of solutions. These include but not limited to AI-driven insights and real-time analytics, supply chain automation, secure B2B integration, enterprise content management, threat detection and management and DevOps.
OpenText operates in 180 countries and serves over 120,000 enterprise customers. It has over 31 million public cloud users and 9,000 private cloud deployments. The company’s employee strength is 22,000.
Future Outlook
OpenText Corporation is expected to increase its focus on AI acceleration, cloud migration and operational efficiency to drive growth in the coming years. The company is relying on enterprise AI adoption to give it an edge in serving clients.
