BNET Industries

Market Cap:$2.2B
Last Fiscal Year Sales:$725.5M
  • Public
  • CA
Dow Jones Description

We are an independent company providing Enterprise Content management (ECM) software solutions. The ECM industry is characterized by having significant development costs, frequent new product introductions and evolving industry standards. ECM is the set of technologies used to capture, manage, store, preserve, analyze, exchange, and archive business content throughout an enterprise. ECM software enables organizations to publish and present web-based content, maintain and archive documents and records, support team collaboration, and perform other activities with unstructured data. Unstructured data includes data such as e-mails, word documents, faxes, presentations, videos, and voicemails. We focus solely on ECM software solutions with a view to being recognized as "The Content Experts" in the software industry. The initial public offering for Open Text was on the NASDAQ in 1996 and subsequently on the Toronto Stock Exchange in 1998. We are a multinational company and currently employ approximately 3,400 people worldwide. Quarterly Highlights: The third quarter of Fiscal 2009 was another successful quarter for Open Text. We generated $51.9 million in license revenue, a 0.7% increase over the third quarter of Fiscal 2008, and total revenues increased by $13.3 million, to $192.0 million, a 7.4% increase.

Chief Executive Officer
John Shackleton
Number of Employees 2,915
Contact Information

275 Frank Tompa Drive

Waterloo, Ontario N2L 0A1

opentext.com

1 519 888 7111

NAICS Code Computer Systems Design Services: 541512

Recent Events

  • Canaccord Adams Upgrades Open Text OTEX to Buy; Raises Estimates & PT

    12/03/09 - Bond / Stock Rating - View Story

  • Reportlinker Adds Knowledge Management - Worldwide Market Trends

    12/01/09 - Product Announcement - View Story

  • Open Text Releases New Version of Connectivity Solutions Compatible with Windows 7

    12/01/09 - Product Announcement - View Story

  • Open Text Deepens Integration with SAP Solutions Across ECM Suite with ContentEnriched Business Processes

    11/19/09 - Licensing / Contract - View Story

  • Open Text Releases New Engineering Whitepaper on Solving Four Top Challenges

    11/10/09 - Product Announcement - View Story

  • National Bank Upgrades Open Text OTEX to Outperform

    10/30/09 - Bond / Stock Rating - View Story

  • Open Releases Product Roadmap, Vignette Portal 8.0

    10/30/09 - Product Announcement - View Story

  • SAP and Open Text Expand Global Reseller Agreement

    10/19/09 - Licensing / Contract - View Story

  • Open Text provides Vignette Content Management to Behr

    10/19/09 - Licensing / Contract - View Story

  • Open Text Email Management 10 Redefines Email Classification to Combat Content Overload; Innovative Solution Draws...

    10/15/09 - Product Announcement - View Story

  • Early Signals Pointing To Rough Open On Bay Street

    10/28/09 - Financial Announcement - View Story

  • SAP and Novell team up to integrate GRC software with IT infrastructure

    10/15/09 - Licensing / Contract - View Story

  • Open Text Releases New Version of Enterprise Connect

    10/01/09 - Product Announcement - View Story

  • Open Text Corporation: Open Text Receives Highest Available Rating in Leading Analyst Firm's Records Management...

    9/28/09 - Bond / Stock Rating - View Story

  • Open Text Adds to Legal Market Solutions; Continues Strong Momentum in Legal Market

    8/25/09 - Product Announcement - View Story

  • Open Text Q4 profit dips 28%

    8/24/09 - Merger / Acquisition - View Story

  • Open Text reports decline in 4Q profit

    8/24/09 - Merger / Acquisition - View Story

  • Open Text to release fiscal 2009 results Aug. 20

    7/10/09 - Financial Announcement - View Story

  • Open Text closes Vignette acquisition

    7/21/09 - Merger / Acquisition - View Story

News & Analysis

finance and open text corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
John Shackleton Chief Executive Officer
Alan Hoverd CFO
P Thomas Jenkins Chief Strategy Officer
Paul McFeeters Chief Financial Officer
Tom Jenkins Chief Strategy Officer
Anik Ganguly Executive Vice President, Operations
Bill Forquer Executive Vice President, Business Development
John Kirkham Executive Vice President, Worldwide Sales
John Wilkerson Executive Vice President, Worldwide Sales and Services
Tony Preston Senior Vice President, Global HR
Damian Saccocio Vice President, Marketing and Product Management
David Schubmehl Vice President of the Discovery Products Group
Greg Secord Vice President, Investor Relations, Open Text Corporation
Martin Sumner-Smith Vice President, Customer Partnership Programs
Michael Farrell Vice President, Sales
Patrick Barnert Vice President of Open Text's Sap Business
Peter Lipps Vice President & General Manager, Enterprise Records Management Business
Richard Anstey Vice President Technology and Product Strategy for Ecm Suite
Cheryl McKinnon Director, Collaborative Content Management
Jim Tauber Director of Sales & Marketing
Johannes Schacht Marketing Director
Michael Breithaupt Technical Director
Robert Bettenhauser Director of Enterprise Applications for the Enterprise Solutions Group
Hugh Ritchie Program Manager for Manufacturing and Energy Sectors
Kimberly Edwards Program Manager for Collaboration
Mohit Thawani Business Development Manager of the Open Text Legal Solutions Group
Stephen Ludlow Program Manager for Ediscovery Solutions
Therese Harris Program Manager for Life Sciences
Daniel Kraft
H. Garfield Emerson Principal, Emerson Advisory
John M Hancock Sales and Support Engineer
Margaret Dobbin
Melanie Landry Communications Specialist
Michael Barros
Randy Fowlie Consultant
Rich Maganini
Serge Savchenko Business Development Professional

Board of Directors

Name (plus bio) Position
Carol Coghlan Gavin Board of Directors
David Johnston Board of Directors
Gail E. Hamilton Board of Directors
Kenneth Olisa Board of Directors
Michael Slaunwhite Board of Directors
Paul Stoyan Board of Directors
Peter J. Hoult Board of Directors
Richard C. Black Board of Directors
Stephen J. Sadler Board of Directors

Mr. Shackleton has served as director of the Company since January 1999 and as the President and Chief Executive Officer of the Company since July 2005. From November 1998 to July 2005, Mr. Shackleton served as President of the Company. From July 1996 to 1998, Mr. Shackleton served as President of the Platinum Solution division for Platinum Technology Inc. Prior to that he served as Vice President of Professional Services for the Central U.S. and South America at Sybase, Inc., as Vice President of Worldwide Consulting at View Star Corp., a document management imaging company, and he directed several consulting practices for Oracle Systems Corp. Mr. Shackleton is also currently a director of OmniViz, Inc.

Organization Position Status
Open Text Corporation Chief Executive Officer Current
The Content Experts President and Chief Executive Officer Current
Open Text Corporation President Current
Legalkey Technologies, Inc. President and Chief Executive Officer Current
Biowisdom, Ltd. Board of Directors Current
Ixos Software AG Member of the Executive Board Current
Open Text Corporation Board of Directors Current
Omniviz, Inc. Director Current
Platinum Technology President Former
Sybase, Inc. Vice President of Professional Services Former

Organization Position Status
Open Text Corporation CFO Current

Tom Jenkins is Executive Chairman and Chief Strategy Officer of Open Text Corporation based in Waterloo, Ontario, Canada. He has served as a Director of Open Text since December 1994 and as its Chairman since June, 30 1998 and most recently as its Executive Chairman since June 30, 2005. From July 1994 to July 1997 Tom Jenkins was President of Open Text and from July 1997 until July 2005, Tom Jenkins served as Chief Executive Officer of Open Text. Tom Jenkins was appointed Chief Strategy Officer of the Company in August 2005 and currently serves in that capacity. From December 1986 until June 1994, Tom Jenkins held several executive positions with DALSA Inc., an electronic imaging manufacturer based in Waterloo, Ontario, Canada. Prior to these positions, he was employed in a variety of technical and managerial capacities at a variety of information technology based companies in Canada. In addition to his Open Text responsibilities, Tom Jenkins is currently a member of the board of BMC Software Inc., a software corporation based in Houston, Texas. He is also an appointed member of the Government of Canada's Competition Policy Review Panel and an appointed member of the Social Sciences and Humanities Research Council of Canada. Tom Jenkins received an M.B.A. in entrepreneurship & technology management from the Schulich School of Business at York University, an M.A.Sc. in electrical engineering from the University of Toronto and a B.Eng. & Mgt. in Engineering Physics and Commerce from McMaster University Tom Jenkins was elected to the Canadiana.org Board June 2008.

Organization Position Status
Open Text Corporation Chief Strategy Officer Current
Legalkey Technologies, Inc. Executive Chairman and Chief Strategy Officer Current
Open Text Corporation Executive Chairman Current
Social Sciences Board of Directors Current
Early Canadiana Online Board of Directors Current
Legalkey Technologies, Inc. Chief Executive Officer Former
Open Text Corporation Chief Executive Officer Former
Legalkey Technologies, Inc. President Former
Open Text Corporation President Former
York University MBA In Technology Management Former
University of Toronto M.A.Sc. In Electrical Engineering Former
York University Mba In Technology Management Former
McMaster University B.Eng. & Mgt Former
McMaster University Technology and Commerce Former

Organization Position Status
Open Text Corporation Chief Financial Officer Current
Sofea, Inc. Board of Directors Current
Blueprint Software Systems Inc. Board of Directors Current
Platform Computing, Inc Chief Financial Officer Former

Tom Jenkins is Executive Chairman and Chief Strategy Officer of Open Text Corporation based in Waterloo, Ontario, Canada. He has served as a Director of Open Text since December 1994 and as its Chairman since June, 30 1998 and most recently as its Executive Chairman since June 30, 2005. From July 1994 to July 1997 Tom Jenkins was President of Open Text and from July 1997 until July 2005, Tom Jenkins served as Chief Executive Officer of Open Text. Tom Jenkins was appointed Chief Strategy Officer of the Company in August 2005 and currently serves in that capacity. From December 1986 until June 1994, Tom Jenkins held several executive positions with DALSA Inc., an electronic imaging manufacturer based in Waterloo, Ontario, Canada. Prior to these positions, he was employed in a variety of technical and managerial capacities at a variety of information technology based companies in Canada. In addition to his Open Text responsibilities, Tom Jenkins is currently a member of the board of BMC Software Inc., a software corporation based in Houston, Texas. He is also an appointed member of the Government of Canada's Competition Policy Review Panel and an appointed member of the Social Sciences and Humanities Research Council of Canada. Tom Jenkins received an M.B.A. in entrepreneurship & technology management from the Schulich School of Business at York University, an M.A.Sc. in electrical engineering from the University of Toronto and a B.Eng. & Mgt. in Engineering Physics and Commerce from McMaster University Tom Jenkins was elected to the Canadiana.org Board June 2008.

Organization Position Status
Open Text Corporation Chief Strategy Officer Current
Open Text Corporation Executive Chairman Current
Social Sciences Board of Directors Current
Early Canadiana Online Board of Directors Current
Open Text Corporation Board of Directors Current
Open Text Corporation Chief Executive Officer Former
Open Text Corporation President Former
University of Toronto M.A.Sc. In Electrical Engineering Former

Organization Position Status
Open Text Corporation Executive Vice President, Operations Current

In his role at Open Text, Mr. Forquer is responsible for all marketing within Open Text and additionally provides oversight for Open Text’s emerging and adjacent ECM solutions groups. Over his ten years with Open Text, Mr. Forquer has held executive positions responsible for business development, partners and alliance programs. He has championed key strategic initiatives in the company that have helped Open Text grow to become a worldwide ECM leader, with 3,000 employees and almost $700 million in annual revenues. Mr. Forquer joined Open Text in 1998, when the company acquired Information Dimensions, Inc. (IDI), where he was president. He began his career in 1981 at Battelle Laboratories, developing library and litigation software that subsequently spun-off to become IDI. He holds a B.S. in Mathematics Education and a M.S. in Computer and Information Science, both from The Ohio State University.

Organization Position Status
Open Text Corporation Executive Vice President, Business Development Current
The Content Experts Executive Vice President, Ecm Business Development Current
The Ohio State University M.S. In Computer and Information Science Former
The Ohio State University B.S. In Mathematics Education Former

Organization Position Status
Open Text Corporation Executive Vice President, Worldwide Sales Current

Organization Position Status
The Content Experts Executive Vice President, Worldwide Sales and Services Current
Open Text Corporation Executive Vice President, Worldwide Sales and Services Current
Legalkey Technologies, Inc. Executive Vice President, Worldwide Sales and Services Current
Baan Company President Former
Baan Company General Manager Former
International Business Machines Corporation general manager for North America and Asia Pacific Former
Seattle Pacific University Bachelor's Degree In Business Management Former
Bocada, Inc. Former
Seattle Pacific University bachelor's degree in business management Former

Organization Position Status
Open Text Corporation Senior Vice President, Global HR Current

Dr. Damian Saccocio joined Open Text as Vice President, Marketing and Product Management in October 2007. Prior to joining the Open Text Digital Media Group, Damian worked for a decade at American Online in a variety of product and strategy roles. Damian is the inventor of the AOL Wallet which received a U.S. patent in 2005. Damian has bootstrapped his own start up, Digital Shoeboxes, which sought to solve consumer's personal digital media needs. He worked most recently at Hillcrest Laboratories where he led their efforts on advertising and content services. Damian's education includes a BS in Computer Engineering from The Ohio State University, an MS in Political Science from the Massachusetts Institute of Technology, and PhD in Management (Strategy and Technology) from Rensselaer Polytechnic Institute.

Organization Position Status
Open Text Corporation Vice President, Marketing and Product Management Current
Artesia Technologies, Inc. Vice President, Marketing and Product Management Current
Hillcrest Laboratories, Inc. Former

Organization Position Status
Open Text Corporation Vice President of the Discovery Products Group Current
Artesia Technologies, Inc. Vice President, Search Solutions Current

Organization Position Status
Open Text Corporation Vice President, Investor Relations, Open Text Corporation Current
Wilfrid Laurier University Lecturer Current
Open Text Corporation Director, Investor Relations Former
The Investor Relations Company Manager Former
The Public Manager Former

Organization Position Status
Open Text Corporation Vice President, Customer Partnership Programs Current

Organization Position Status
Open Text Corporation Vice President, Sales Current

Organization Position Status
Open Text Corporation Vice President of Open Text's Sap Business Current

Organization Position Status
Open Text Corporation Vice President & General Manager, Enterprise Records Management Business Current

Organization Position Status
Open Text Corporation Vice President Technology and Product Strategy for Ecm Suite Current

Organization Position Status
Open Text Corporation Director, Collaborative Content Management Current

Organization Position Status
Open Text Corporation Director of Sales & Marketing Current

Organization Position Status
Open Text Corporation Marketing Director Current

Organization Position Status
Open Text Corporation Technical Director Current

Organization Position Status
Open Text Corporation Director of Enterprise Applications for the Enterprise Solutions Group Current

Organization Position Status
Open Text Corporation Program Manager for Manufacturing and Energy Sectors Current

Organization Position Status
Open Text Corporation Program Manager for Collaboration Current

Organization Position Status
Open Text Corporation Business Development Manager of the Open Text Legal Solutions Group Current

Organization Position Status
Open Text Corporation Program Manager for Ediscovery Solutions Current

Organization Position Status
Open Text Corporation Program Manager for Life Sciences Current

Organization Position Status
Reddot Solutions Corporation President Current
Web Solutions Group President Current
Open Text Corporation Current

Organization Position Status
The Content Experts Principal, Emerson Advisory Current
Open Text Corporation Principal, Emerson Advisory Current
CAE Inc. Director Current
The Content Experts Board of Directors Current
Open Text Corporation Board of Directors Current
Sentry Select Capital Corp. Director Current
The Directors College Board of Directors Current
Wittington Investments Ltd. Director Current
Fasken Martineau Dumoulin Llp senior partner Former
Fasken Martineau Dumoulin Llp National Chairman Former
Rogers Communications, Inc. Chairman Former
Rogers Communications, Inc. Chairman Former
University of Toronto Honours B.A. (History) Former

Organization Position Status
Open Text Corporation Sales and Support Engineer Current

Organization Position Status
Open Text Corporation Current

Organization Position Status
Open Text Corporation Communications Specialist Current

As Senior VP of Worldwide Sales, Mike Barros is responsible for expanding Inlet's reach into global markets by building on successes already achieved in the US, Europe and Asia/Pacific, and for growing Inlet's market presence in the media and entertainment, public, education and broader commercial sectors. With more than 20 years of experience, Mike has a proven record of success in managing, marketing and selling business software and service solutions. He most recently served as vice president of sales at Artesia Digital Media Group, an Open Text company, where he helped the company achieve 40+% annual growth through relationships with customers such as Twentieth Century Fox, Grupo Televisa, Comcast, Discovery Communications, HBO, WGBH, Random House, BBDO Worldwide, General Motors, Whirlpool, the US Department of Defense, and the Smithsonian Institution. Prior to that, he led worldwide business development efforts for the same company, and established partnerships with Microsoft, Sun, HP, EMC, SAP, Accenture, Infosys, Northrop Grumman and SAIC, among others. Mike completed his undergraduate degree at Carnegie Mellon University and subsequently earned a Masters of Business Administration (MBA) from the Graduate School of Business at the University of Chicago. He began his career running his own consulting group, before spending 10 years at PricewaterhouseCoopers (PwC), where he was recognized as a thought leader in strategy formulation, and led a number of worldwide corporate strategy engagements in multiple industries.

Organization Position Status
Inlet Technologies, Inc. Senior Vice President, Worldwide Sales Current
Open Text Corporation Current
Artesia Technologies, Inc. Vice President of Sales Former
University of Chicago Masters Degree In Business Administration Former
Carnegie Mellon University Undergraduate Degree Former

Organization Position Status
Legalkey Technologies, Inc. Consultant Current
The Content Experts Consultant Current
Open Text Corporation Consultant Current
Legalkey Technologies, Inc. Board of Directors Current
The Content Experts Board of Directors Current
Open Text Corporation Board of Directors Current
Wilfrid Laurier University B.B.A. (Honours) Former

Organization Position Status
Open Text Corporation Current

Organization Position Status
Open Text Corporation Business Development Professional Current

Organization Position Status
Open Text Corporation Board of Directors Current

Organization Position Status
Open Text Corporation Board of Directors Current

Organization Position Status
Cci Electronique Executive Vice President of Symantec Current
Arrow Electronics, Inc. Board of Directors Current
Open Text Corporation Board of Directors Current
Cci Electronique Board of Directors Current
Surgient Board of Directors Current
Ixia Board of Directors Current
Global Services Corp Executive Vice President Former
Symantec Corporation Executive Vice President & General Manager, Services & Support, Global Former
Hewlett-Packard Company General Manager Former
Compaq Computers General Manager Former
Global Services Corp General Manager Former
Stanford University MSEE Former
University of Colorado BSEE Former

Ken Olisa is founder and Chairman of Restoration Partners Limited, a specialized technology merchant bank which launched in 2006. He was Chairman of Interregnum plc from 2000 to 2006 and Chief Executive Officer since its inception in 1992. Mr. Olisa joined the Reuters board in 2004. He also serves on the boards of several charitable organizations. He has a MA from Cambridge University.

Organization Position Status
Restoration Partners Limited Founder Current
Thames Reach Chairman Current
Biowisdom, Ltd. Non-Executive Chairman Current
Restoration Partners Limited Chairman Current
Open Text Corporation Board of Directors Current
Thomson Reuters Corporation Board of Directors Current
Thomson Reuters plc Board of Directors Current
The Content Experts Board of Directors Current
British Computer Society Ltd Fellow Current
Wang Laboratories Vice President of US Marketing Former
Wang Laboratories Marketing Director, Europe Former
Reuters Group plc Board of Directors Former
Cambridge University MA Former

Mr. Slaunwhite has served as a director of the Company since March 1998. Mr. Slaunwhite is presently Executive Chairman of Halogen Software Inc. Mr. Slaunwhite had served as CEO and Chairman of Halogen Software Inc., a leading provider of employee performance management software, from 2000 to August 2006, and as President and Chairman from 1995 to 2000. From 1994 to 1995, Mr. Slaunwhite was an independent consultant to a number of companies assisting them with strategic and financing plans. Mr. Slaunwhite was Chief Financial Officer of Corel Corporation from 1988 to 1993. Mr. Slaunwhite holds a B.A. Commerce (Honours) from Carleton University.

Organization Position Status
Open Text Corporation Board of Directors Current

Organization Position Status
Open Text Corporation Board of Directors Current

Organization Position Status
Open Text Corporation Board of Directors Current

Organization Position Status
Genesis Tp, Inc. Current
Open Text Corporation Board of Directors Current
Barnes & Noble, Inc. Former
RBC, Inc. Former
Microsoft Corporation Former
LogicVision, Inc. Board of Directors Former
The University of Western Ontario H.B.A. Former

Mr. Sadler has served as a director of the Company since September 1997. From April 2000 to present, Mr. Sadler has served as the Chairman and CEO of Enghouse Systems Limited, a software engineering company that develops geographic information systems as well as interactive voice response systems. Mr. Sadler was previously the Executive Vice President and Chief Financial Officer of GEAC from 1987 to 1990, was President and Chief Executive Officer of GEAC from 1990 to 1996, was Vice Chairman thereof from 1996 to 1998, and was a Senior Advisor to GEAC on acquisitions until May 1999. Prior to Mr. Sadler's involvement with GEAC, he held executive positions with Phillips Electronics Limited and Loblaws Companies Limited. Mr. Sadler is Chairman of Helix Investments (Canada) Inc., a position he has held since early 1998. Mr. Sadler is also currently a director of Enghouse Systems Limited, and Belzberg Technologies Ltd. Mr. Sadler holds a B.A. Sc. (Honours) in industrial engineering and an M.B.A. (Dean's List) and he is a Chartered Accountant.

Organization Position Status
Open Text Corporation Board of Directors Current
Extensity Vice-Chairman Current
Enghouse Systems Limited Board of Directors Current
Belzberg Technologies, Inc. Director Current
Geac Chief Executive Officer Former
Extensity CEO Former
Geac President Former
Geac Chief Financial Officer Former
Geac Executive Vice President Former

Executive News

  • Enghouse Q3 2009 Earnings Release and Conference Call

    SYS-CON Media - 8/27/09 - View Story

  • Open Text closes Vignette acquisition

    Stockwatch - 7/21/09 - View Story

  • Open Text Completes Vignette Acquisition

    Canada NewsWire - 7/21/09 - View Story

  • Open Text Completes Vignette Acquisition

    Yahoo! Canada - 7/21/09 - View Story

  • Open Text to release fiscal 2009 results Aug. 20

    Stockwatch - 7/10/09 - View Story

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OTEX $39.32 +0.44 (1.13% )
Volume 174,557
Shares Outstanding 56.3M
Market Cap 2.2B
Year High 41.44
Year Low 28.93
Earnings Per Share 0.82
P/E Ratio 47.9512
Dividend 0.00
Yield 0.00
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