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+--- Thread: Open Text (/showthread.php?tid=219)
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Open Text - panamaniac - 10-22-2014
Strong first quarter results for Open Text.
OpenText says first-quarter revenues grew 40 per cent as profits rose
Waterloo Region Record
WATERLOO — OpenText Corp. said Wednesday that first-quarter profits more than doubled as its enterprise information management software experienced particular strength in the services and technology industries, as well as the public sector.
The Waterloo-based company, which reports in U.S. dollars, said that net income rose to $64.7 million US, or 53 cents per diluted share, compared with $30.6 million US or 26 cents per share a year ago.
Revenue grew 40 per cent to $453.8 million US from $324.5 million US.
The results are the strongest first-quarter performance in the company's history and were reached despite a tougher economy, chief executive Mark Barrenechea said in a news release.
http://www.therecord.com/news-story/4928427-opentext-says-first-quarter-revenues-grew-40-per-cent-as-profits-rose/
RE: Open Text - rangersfan - 12-06-2014
OpenText announces $330-million takeover of U.S. software analytics firm
Dec 5, 2014 | CTV Kitchener | LINK
Quote:WATERLOO, Ont. -- OpenText says it will acquire software analytics company Actuate Corp. in a deal valued at US$330 million.
The Waterloo, Ont., business software company says it will pay US$6.60 per share in cash for all outstanding shares of Actuate. The Silicon Valley-based company will put US$58.3 million cash towards the deal, making the total enterprise value approximately US$272 million
OpenText will fund the takeover with cash on hand.
It says the agreement has already been approved by boards at both companies.
Actuate employs more than 500 workers in 12 countries and has about 5,000 customers in financial services, technology and government.
RE: Open Text - panamaniac - 01-05-2015
And another acquisition.
OpenText acquires U.S. software firm
Waterloo Region Record
By Record staff
WATERLOO — OpenText Corp. has acquired a U.S. company that provides software for viewing, annotating and publishing content.
OpenText said the acquisition of Informative Graphics Corp., announced Monday, strengthens its capabilities for secure access to any content, on any device, on an organization's premises and in the cloud....
http://www.therecord.com/news-story/5242444-opentext-acquires-u-s-software-firm/
RE: Open Text - panamaniac - 04-27-2016
Another acquisition:
OpenText buying U.S. firm for US$100 million
Waterloo Region Record
By Record staff
WATERLOO — OpenText Corp. is buying ANXeBusiness Corp., an American provider of cloud-based information exchange services to the automotive and health-care sectors. The all-cash deal is worth about US$100 million, and is expected to close in the fourth quarter of OpenText's 2016 fiscal year, the Waterloo-based provider of enterprise information management software said Wednesday.
http://www.therecord.com/news-story/6517647-opentext-buying-u-s-firm-for-us-100-million/
RE: Open Text - timc - 04-27-2016
I didn't realize there was an OpenText thread. They also bought some assets from HP last week:
http://www.wsj.com/articles/open-text-agrees-to-acquire-some-hp-assets-for-170-million-1460991133
RE: Open Text - rangersfan - 04-28-2016
OpenText has been very busy it seems, great to see.
RE: Open Text - Canard - 04-30-2016
What does OpenText do? I like their building, it's a great looking campus (in a great location!).
RE: Open Text - panamaniac - 04-30-2016
(04-30-2016, 10:47 PM)Canard Wrote: What does OpenText do? I like their building, it's a great looking campus (in a great location!).
http://www.opentext.com/what-we-do
RE: Open Text - tomh009 - 04-30-2016
Their core business is enterprise content management (nee document management). Most of the other things are adjacent to that in some way.
RE: Open Text - panamaniac - 04-30-2016
(04-30-2016, 10:47 PM)Canard Wrote: What does OpenText do? I like their building, it's a great looking campus (in a great location!).
Forgive me, but I find the campus is the problem - prestigious buildings in a suburban field is all I see. Sorry.
RE: Open Text - tomh009 - 04-30-2016
That pretty much describes all of the Waterloo R&T Park.
Happily downtown Kitchener is turning out quite differently. Kind of like the Silicon Valley vs San Francisco thing ...
RE: Open Text - panamaniac - 04-30-2016
(04-30-2016, 11:09 PM)tomh009 Wrote: That pretty much describes all of the Waterloo R&T Park.
Happily downtown Kitchener is turning out quite differently. Kind of like the Silicon Valley vs San Francisco thing ...
It is becoming an interesting contrast - one town (effectively) with two types of locations for high tech companies, according to their needs.
RE: Open Text - Canard - 05-01-2016
(04-30-2016, 11:02 PM)panamaniac Wrote:(04-30-2016, 10:47 PM)Canard Wrote: What does OpenText do? I like their building, it's a great looking campus (in a great location!).
Forgive me, but I find the campus is the problem - prestigious buildings in a suburban field is all I see. Sorry.
No need to be sorry - I've parked out by that old house by the lake over there and walked around, and it seemed like a beautiful location - one I'd certainly love to work in. I can't imagine how nice it must be being in a quiet location like that, huge office towers overlooking the trees and lake... coming out to the patio at lunch. Seems very relaxing.
RE: Open Text - panamaniac - 06-20-2016
Another expansion by acquisition for OpenText:
http://www.therecord.com/news-story/6731451-opentext-buying-more-hp-assets-for-us-315-million/
RE: Open Text - rangersfan - 09-09-2017
In Ottawa Open Text has a Downtown office of significant size, does anyone think they would open an Urban office here?