[7] OpenText employs 22,900 people worldwide, and is a publicly traded company, listed on the Toronto Stock Exchange and the NASDAQ (OTEX).

[1] Timothy Bray, with University of Waterloo professors Frank Tompa and Gaston Gonnet, founded OpenText Corporation in 1991.

The founders spun the company off from a University of Waterloo project that developed technology to index the Oxford English Dictionary.

[14] OpenText is a supporter of the University of Waterloo Stratford Campus, contributing both funds and in-kind services to the school.

[26] On September 12, 2016, OpenText further expanded its share of the enterprise content management software market by buying that division of Dell EMC, which included Documentum, for US$1.6 billion.

[38] In 2022, OpenText announced it would acquire British software firm Micro Focus in a deal valued at US$6 billion, which finalized in January 2023.

The platform combines open source machine learning with advanced analysis and is able to merge, manage, and analyse both structure data and unstructured, textual content.

[buzzword][48] OpenText RightFax provides network-based fax functionality to enterprise organizations and has evolved through many versions since it was first released in 1992.

[49][50][51] RedDot, founded in 1993, was a business unit of OpenText Corporation that the company refers to as the Web Solutions Group.

[citation needed] Its core product, RedDot CMS is a Windows-based server application that provides Web content management in a multi-user environment.

Complementary to the CMS or as a standalone product, LiveServer aggregates disparate document resources and serves them as Web pages.

Red dots on the authoring interface indicated sections of editable content for each web page,[52] hence the name RedDot for the product.

Information in the form of extracted content and files are acquired in the Captiva Solution and then delivered for storage or workflow into document management systems such as those from Documentum, OpenText, Microsoft, or IBM.