Open Text

Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.

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Asia's leading insurance company builds omni-channel, self-service capabilities and grows business with OpenText WATERLOO, ON, Feb. 9, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), today announced that MSIG Singapore and MSIG Malaysia, implemented OpenText information management solutions to empower modern work, enhance omni-channel customer experiences, and drive operational efficiencies.  MSIG, a wholly owned subsidiary of Mitsui Sumitomo Insurance Company, Limited and a member of the MS&AD Insurance Group, is Asia's leading general insurance brand with presence in 46 countries globally.

MSIG Asia Enriches Customer Experience with OpenText

OpenText Corp (OTEX) CEO Mark Barrenechea on Q2 2022 Results - Earnings Call Transcript

OpenText Core Content to be available on Google Cloud, enabling rapid, secure access to the OpenText platform WATERLOO, ON, Feb. 3, 2022 /PRNewswire/ -- OpenText ™ (NASDAQ: OTEX), (TSX: OTEX), today announced that it is deepening its strategic partnership with Google Cloud by launching its OpenText Core Content as a service on Google Cloud, enabling customers to deploy OpenText's enterprise productivity suite on a global, trusted infrastructure. OpenText and Google Cloud will partner to deliver new capabilities to users, utilizing Google Cloud capabilities in secure software supply chains, SRE toolsets, and DevOps best practices for delivering a next-generation, cloud-native productivity platform, with low-latency and secure access for distributed teams.

OpenText and Google Cloud to Collaborate on Next Generation Content Services

WATERLOO, ON, Feb. 3, 2022 /PRNewswire/ -- Second Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $876.8 $878.8 $699.8 $700.4 $364.9 $365.0 +2.5% +2.7% +2.2% +2.3% +4.1% +4.2% Annual Recurring Revenues represent 80% of Total Revenues   Record Q2 results reflective of our Cloud-first strategy to drive organic growth Continued investments in talent, innovation, digital marketing and global sales coverage Operating cash flows were $216.6 million and free cash flows were $206.0 million GAAP-based net income of $88.3 million, up 234.9% Y/Y, margin of 10.1%, up 1,780 basis points Y/Y Adjusted EBITDA of $343.5 million, margin of 39.2% GAAP-based diluted EPS of $0.32, up 233.3% Y/Y Non-GAAP diluted EPS of $0.89, down 6.3% Y/Y Strengthened Security offering with acquisition of Zix Corporation for $896.0 million and Bricata Inc. Issued $1.5 billion of senior notes to refinance existing debt and provide $650 million of incremental capital During the quarter, the company repurchased and cancelled 1.8 million shares for $91.0 million under our share repurchase plans Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the second quarter ended December 31, 2021. "We delivered another robust quarter of organic growth driven by demand for OpenText Cloud Editions, closed the Zix acquisition and we are raising our Fiscal 2022 target model to include cloud growth of up to 10% and total revenue growth of up to 4%.

OpenText Reports Second Quarter Fiscal Year 2022 Financial Results

WATERLOO, ON, Jan. 24, 2022 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced certain strategic appointments and changes to its Executive Leadership Team. "I am very excited about OpenText's cloud led growth strategy and our ambitions to continue our successful profitable growth in the future," said OpenText CEO & CTO Mark J.

OpenText Announces Strategic Appointments

Global company enhances invoice visibility and drives efficiency with OpenText Vendor Invoice Management for SAP Solutions WATERLOO, ON, Jan. 19, 2022 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX), today announced, Faurecia, a global leader in automotive interiors and emission control technology, implemented OpenText™ Vendor Invoice Management (VIM) for SAP® Solutions to manage and access high volumes of information and drive efficiency of procurement operations. Headquartered in France, Faurecia operates more than 300 sites in 35 countries, with close to 115,000 employees worldwide.

Faurecia Streamlines International Procurement Process with OpenText

WATERLOO, ON , Jan. 12, 2022 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its second quarter fiscal year 2022 will be released on Thursday, February 3, 2022 at approximately 4:00 p.m. ET. Teleconference Call Mark J.

OpenText to Report Second Quarter Fiscal Year 2022 Financial Results on Thursday, February 3, 2022

WATERLOO, ON, Dec. 23, 2021 /PRNewswire/ --  OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it has completed the closing of the previously announced acquisition of Zix Corporation (NASDAQ: ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "I would like to welcome Zix customers, partners, and employees to OpenText.

OpenText Buys Zix Corporation

WATERLOO, Ontario, Dec. 21, 2021 /PRNewswire/ --  In connection with the previously announced agreement to acquire Zix Corporation (NASDAQ: ZIXI) ("Zix"), OpenText™ (NASDAQ: OTEX) (TSX: OTEX) announced today that it has extended the expiration of its tender offer for all outstanding shares of common stock of Zix at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc.  The tender offer is now scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 22, 2021 unless it is further extended.

OpenText Extends Tender Offer for Zix Corporation

Government agency migrates 15 million legal documents to OpenText and enables access for 400 users WATERLOO, Ontario, Dec. 7, 2021 /PRNewswire/ -- OpenTextTM  (NASDAQ: OTEX), (TSX: OTEX), today announced Legal Aid Western Australia (WA) selected OpenText™ Extended ECM platform to improve client service delivery through better information management and enhanced collaboration. Legal Aid WA is the largest provider of legal aid services in Western Australia and promotes access to legal services and information for all its citizens.

Legal Aid Western Australia Modernizes Work with OpenText

WATERLOO, ON, Nov. 30, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) has been recognized as one of Canada's Most Admired Corporate Cultures for 2021 by Waterstone Human Capital, Canada's leading cultural talent management firm. This national program recognizes best-in-class organizations across Canada who foster high-performance corporate cultures creating a critical advantage in a hyper-competitive market to attract and retain talent.

OpenText Named one of Canada's Most Admired Corporate Cultures 2021

Acquisition of Bricata technology enables OpenText to extend threat detection and response to the network WATERLOO, ON, Nov. 24, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the addition of next-generation Network Detection & Response (NDR) technology to the OpenText Security & Protection Cloud through the acquisition of Bricata.   Maryland-based Bricata provides NDR security technologies that analyze network traffic for vulnerabilities and threats – reducing the number of false-positive security alerts, while responding to actual threats in real-time to keep enterprise networks operational and in a trusted state.

OpenText Strengthens Security & Protection Cloud with Network Detection & Response

WATERLOO, ON, Nov. 22, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of Zix Corporation (NASDAQ: ZIXI) at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc.  The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 7, 2021 (the "Merger Agreement"), by and among OpenText, Zeta Merger Sub Inc. and Zix, which OpenText and Zix announced on November 8, 2021. The Zix board of directors has unanimously determined that the tender offer is advisable and fair to and in the best interests of Zix and its stockholders and unanimously resolved to recommend that the stockholders of Zix accept the tender offer and tender their shares pursuant to the tender offer.

OpenText Commences Tender Offer for Zix Corporation

Cloud Editions 21.4 provides companies the tools to connect, manage and secure information in today's distributed, digital-first world WATERLOO, Ontario, Nov. 16, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) is launching its most expansive product release yet at OpenText World, which gets started this morning. Cloud Editions 21.4 (CE 21.4) introduces new integrations, applications and products to help customers adapt to modern work, navigate global supply chains, connect with customers, protect information and optimize developer experiences.

OpenText Empowers Companies to Be Digital at OpenText World

WATERLOO, ON, Nov. 10, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) is adding new capabilities to the market-leading OpenText™ Business Network Cloud as part of the Cloud Editions (CE) 21.4 launch at OpenText World. The Business Network Cloud empowers companies to digitize their supply chain.

OpenText Extends Leadership in Global Digital Commerce with Business Network Cloud

WATERLOO, ON, Nov. 9, 2021 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX) (TSX: OTEX) ("OpenText" or the "Company") announced today that it has priced the offerings of $1.5 billion in total aggregate principal amount of senior unsecured fixed rate notes by OpenText and Open Text Holdings, Inc., a wholly-owned indirect U.S. subsidiary of OpenText ("OTHI"). The offerings were upsized from the previously announced $1.0 billion total aggregate principal amount.

OpenText Announces Pricing of Senior Unsecured Fixed Rate Notes to Redeem Outstanding 2026 Notes

WATERLOO, ON, Nov. 9, 2021 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX) (TSX: OTEX) ("OpenText" or the "Company") announced today proposed offerings of $1.0 billion in total aggregate principal amount of senior unsecured fixed rate notes by OpenText and Open Text Holdings, Inc., a wholly-owned indirect U.S. subsidiary of OpenText ("OTHI"). OpenText intends to use the substantial portion of the net proceeds from the offerings to (i) redeem in full the outstanding $850 million aggregate principal amount of OpenText's 5.875% notes due 2026 (the "2026 Notes") and pay the make-whole premium of $25 million that will be paid in connection with such redemption of the 2026 Notes and (ii) pay related fees and expenses; and OpenText expects to use the balance of the net proceeds for general corporate purposes, including potential future acquisitions.

OpenText Announces Proposed Offerings of Senior Unsecured Fixed Rate Notes to Redeem Outstanding 2026 Notes

NEW YORK, Nov. 8, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Zix Corporation ("Zix" or the "Company") (NASDAQ: ZIXI), in connection with the proposed acquisition of the Company by Open Text Corporation ("OpenText") (NASDAQ: OTEX) via a tender offer.  Under the terms of the merger agreement, the Company's shareholders will receive $8.50 per share in cash for each share of Zix common stock that they hold.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Zix Corporation

Strengthens SMB Platform with Cloud-based Email Security & Compliance Solutions , Brings 5,600 Managed Service Partners, Extends Microsoft Relationship WATERLOO, ON, Nov. 8, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that it has entered into a definitive agreement to acquire Zix Corporation, Inc. (NASDAQ: ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "We are pleased to announce our intent to acquire Zix, and I look forward to welcoming Zix customers, partners and employees to OpenText," said OpenText CEO & CTO Mark J.

OpenText to Acquire Zix Corporation

Open Text Corp (OTEX) CEO Mark Barrenechea on Q1 2022 Results - Earnings Call Transcript

Open Text (NASDAQ:OTEX) reported its Q1 earnings results on Thursday, November 4, 2021 at 04:01 PM. Here's what investors need to know about the announcement.

Recap: Open Text Q1 Earnings

WATERLOO, ON, Nov. 4, 2021 /PRNewswire/ -- First Quarter Highlights Total Revenues (in millions) Annual Recurring Revenues (in millions) Cloud Revenues (in millions) Reported Constant Currency Reported Constant Currency Reported Constant Currency $832.3 $819.7 $691.8 $681.6 $356.6 $353.2 +3.5% +2.0% +3.2% +1.7% +4.6% +3.6% Annual Recurring Revenues represent 83% of Total Revenues   Q1 results reflective of our cloud-first strategy and continued investments in talent, innovation, go-to-market and digital projects to drive organic growth Operating cash flows were $189.7 million and free cash flows were $163.0 million GAAP-based net income of $131.9 million, up 27.6% Y/Y, margin of 15.8%, up 290 basis points Y/Y Adjusted EBITDA of $323.4 million, margin of 38.9% GAAP-based diluted EPS of $0.48, up 26.3% Y/Y Non-GAAP diluted EPS of $0.83, down 6.7% Y/Y Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the first quarter ended September 30, 2021. "Organic growth powered our record first quarter revenues as we continued delivering Information Management in the Cloud at scale," said Mark J.

OpenText Reports First Quarter Fiscal Year 2022 Financial Results

Mark J. Barrenechea, Dr. Neil deGrasse Tyson and Arianna Huffington headline the world's largest Information Management conference. WATERLOO, ON, Oct. 27, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the agenda and keynote speakers for the world's largest information management conference.

OpenText World 2021 Explores the Power of Digital

WATERLOO, ON, Oct. 26, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), has been recognized as a Leader in the Gartner® Magic Quadrant™ for Content Services Platforms for the seventeenth successive year. In a work from anywhere world, the OpenText Content Cloud continues to deliver the comprehensive solution that enterprises need in a content services platform.

OpenText Named a Leader in 2021 Gartner® Magic Quadrant™ for Content Services Platforms for Seventeenth Consecutive Year

New detection and alert functions within Carbonite Server increase data protection against ransomware WATERLOO, ON, Oct. 25, 2021 /PRNewswire/ -- OpenText™  (NASDAQ: OTEX), (TSX: OTEX) announced new capabilities for Carbonite Server®, including hourly backups, early warning, and classifications upgrades that will enhance organizations' ability to detect, protect, and respond to increased ransomware and other data threats. "With ransomware attacks on the rise, businesses need a reliable and comprehensive backup and recovery solution as part of their layered cybersecurity defense," said Prentiss Donohue, EVP, SMB/C Sales.

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