Open Text Corporation is a Canadian publicly traded enterprise software company headquartered in Waterloo, Ontario. Founded in 1991 as a spin-off from a University of Waterloo project to index the Oxford English Dictionary, the company operated the Open Text Index, one of the first commercial web search engines, in the mid-1990s, powering search for Yahoo! before pivoting to enterprise software. It has since grown through acquisitions into a major vendor of enterprise content management, business network, cybersecurity, and information management software.
OpenText is listed on the Toronto Stock Exchange and NASDAQ under the ticker OTEX, and reported revenue of US$5.17 billion for fiscal year 2025, employing approximately 21,400 people worldwide.
The company's growth has been driven by acquisitions of enterprise software businesses, beginning with IXOS Software in 2003 and culminating with the US$6 billion purchase of Micro Focus in 2023. Its product portfolio spans enterprise content management, business network services, cybersecurity, and AI-based analytics.Wikipedia