Open Text Stock Price, News & Analysis

Open Text Corporation (OTEX) is a Cloud and AI company focused on secure information management for AI. The company is engaged in the design, development, marketing, and sale of information management software and solutions that help organizations protect, govern, and activate their data with confidence. Its technologies turn data into information with context to form a knowledge base for AI, supporting customers across enterprises, governments, and other organizations.

OpenText trades on NASDAQ and the Toronto Stock Exchange under the symbol OTEX and is incorporated in Canada. According to its business description, OpenText’s software allows clients to archive, aggregate, retrieve, and search unstructured information such as documents, email, and presentations. Its offerings are marketed and delivered on the OpenText Cloud Platform, an information management platform that includes six business clouds: Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud.

Business focus: Information Management for AI

Across multiple press releases, OpenText describes itself as a global leader in secure information management for AI and as a leading Cloud and AI company. The company emphasizes helping organizations manage growing volumes of proprietary data, apply information governance, and build contextual data foundations so AI systems can produce more accurate and auditable results. OpenText highlights that its technologies support Business AI, Business Clouds, and Business Technology, all delivered through information management.

OpenText states that it helps organizations grow, innovate, and become more efficient and effective in a trusted and secure way. Its business applications assist enterprises in managing large data sets including documents, commerce trades, IT tickets, and security signals. The company also notes that it has been a custodian of customer data for nearly 35 years, and that it focuses on metadata, data lineage, data rights, and data retention policies to support governance and compliance for AI workloads.

Cloud platform and product areas

According to the Polygon description, OpenText’s solutions are delivered via the OpenText Cloud Platform and its six business clouds. The Content Cloud supports content and document management. The Cybersecurity Cloud encompasses security capabilities such as threat detection, identity, and data protection, which are further detailed in OpenText Cybersecurity announcements. The Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud extend information management into business process automation, B2B networks, IT operations, and analytical workloads.

In its analytics area, OpenText highlights the OpenText Analytics Database (OTAD), formerly known as Vertica, which it describes as an AI-powered, high-performance query engine for large and fast-growing data workloads. The platform is designed for real-time analytics at petabyte scale and supports structured, semistructured, and time-series data. OpenText notes that OTAD uses a massively parallel processing columnar architecture, advanced compression and storage efficiency, and deployment flexibility across on-premises, private cloud, and major public cloud platforms, including containerized deployments managed with Kubernetes.

AI and data platform strategy

OpenText has articulated a vision for the future of enterprise AI through the OpenText AI Data Platform (AIDP). The company describes AIDP as an open, unified data and AI framework with a governance orchestration layer that enables AI agents, referred to as Aviators, to help customers unlock new value from their information. OpenText’s AI strategy is described as starting from governed enterprise content and processes rather than from AI models alone, with the goal of delivering AI agents that answer with auditability rather than guesswork.

OpenText explains that its AI approach is built around contextual AI, where agents understand the specific situation, environment, and task. The company emphasizes that its applications manage large data sets such as documents and security signals, and that it enriches this data with metadata, security controls, and identity access management. On top of this contextually rich data, OpenText Aviator enables automated workflows with what the company calls agentic AI. Aviator is described as multi-cloud, multi-model, and multi-application, with compatibility for various AI models and deep integration with enterprise platforms such as ERP and CRM.

Cybersecurity and data protection

Through OpenText Cybersecurity, the company offers capabilities that unify defenses across identity, data, applications, security operations, and forensics. OpenText Cybersecurity is described as providing security solutions that support prevention, detection, response, recovery, investigation, and compliance. Recent announcements highlight products such as OpenText Core Threat Detection and Response for behavioral analytics in security operations centers, OpenText Core Identity Foundation for identity and access management across hybrid environments, and OpenText Application Security Aviator for AI-assisted code remediation during application testing.

OpenText also references OpenText Data Privacy and Protection (Voltage) as an advanced encryption service that protects sensitive data at rest, in transit, and as it feeds AI models. These capabilities are presented as supporting compliance with regulations such as GDPR, HIPAA, and PCI DSS, and as forming a trusted foundation for AI initiatives by ensuring that data used in AI workflows is governed and protected.

Partnerships and ecosystem

OpenText describes multiple collaborations with major technology partners. It has announced an expanded partnership with Google Cloud to deliver solutions across AI, data privacy, and sovereign cloud infrastructure, including the use of Google’s Gemini models and Vertex AI within OpenText’s Gemini Enterprise offering. The company also notes integration between its Data Privacy and Protection (Voltage) platform and Google BigQuery for advanced encryption and data protection in the retail sector, and integration of OpenText Private Cloud offerings with Google Cloud’s Sovereign Cloud solutions.

OpenText has also announced an expanded collaboration with SAP, stating that OpenText Core Content Management for SAP solutions is certified for SAP S/4HANA Cloud Public Edition. This makes OpenText an SAP Solution Extensions partner with a document management platform qualified to support SAP Cloud ERP. The company positions this collaboration as connecting SAP’s structured process expertise with OpenText’s content management to provide AI-ready information for cloud ERP environments.

In addition, OpenText refers to alliance work with partners such as SAP, Microsoft, Google, Salesforce, Oracle, and Databricks. For example, it notes that OpenText builds solutions on the Databricks Data Intelligence Platform and that both companies plan to co-innovate on the OpenText AI Data Platform through technical integrations and data sharing mechanisms.

Corporate profile and capital markets

OpenText is incorporated in Canada and files reports with the U.S. Securities and Exchange Commission, including Form 8-K current reports. The company’s common shares trade on NASDAQ and the Toronto Stock Exchange under the symbol OTEX. In recent filings, OpenText’s board of directors has declared quarterly cash dividends per common share pursuant to its dividend policy, while noting that future dividends remain subject to board determination and relevant contractual limitations.

OpenText regularly reports its financial results via press releases and Form 8-K filings, including information on total revenues, cloud revenues, annual recurring revenues, adjusted EBITDA, and cash flows. The company has also discussed a Business Optimization Plan aimed at operational efficiencies and portfolio shaping, including the divestiture of non-core assets. For example, OpenText announced a definitive agreement, and later completion, of the divestiture of an on-premise solution, eDOCS, a part of its Analytics portfolio, to NetDocuments Software, Inc. for cash consideration, with stated intent to use net proceeds to reduce outstanding debt.

Governance and leadership developments

OpenText’s SEC filings and news releases describe various governance and leadership updates. The company has reported the appointment of new directors to its board and changes in executive roles, including the appointment of an Interim Chief Executive Officer and interim finance leadership. It has also described the formation of a CEO Search Committee composed of independent directors to identify the company’s next CEO, and the establishment of an Executive Committee to support leadership during the transition period.

Recognition and industry positioning

OpenText cites third-party recognition related to its products and market presence. It has been recognized in the IDC MarketScape: Worldwide Analytical Databases 2025 Vendor Assessment for the OpenText Analytics Database. The company has also reported being named a leader in Gartner Magic Quadrant reports for application security testing and AI-augmented software testing tools. These references are presented by OpenText as external assessments of its capabilities in analytics and software quality engineering.

Customer and use case orientation

In its public communications, OpenText emphasizes practical enterprise AI use cases such as fraud detection, claims management, and predictive maintenance, as well as workflows in industries like insurance, financial services, and retail. The company highlights that its AI agents and platforms are intended to help organizations automate processes, enhance compliance, and derive real-time insights from large and complex data sets, while maintaining security and governance.

FAQs about Open Text Corporation (OTEX)

• What does OpenText do?
  OpenText is engaged in the design, development, marketing, and sale of information management software and solutions. The company focuses on secure information management for AI, helping organizations protect, govern, and activate their data so it can be used as a knowledge base for AI and other business applications.
• How does OpenText describe its business focus?
  OpenText describes itself as a global leader in secure information management for AI and as a leading Cloud and AI company. It states that it provides Business AI, Business Clouds, and Business Technology to help organizations grow, innovate, and operate efficiently through information management.
• On which exchanges does OTEX trade?
  OpenText states that its shares trade on NASDAQ and the Toronto Stock Exchange under the symbol OTEX.
• What is the OpenText Cloud Platform?
  According to the company description, the OpenText Cloud Platform is an information management platform consisting of six business clouds: Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. These clouds support content management, security, automation, business networks, IT operations, and analytics.
• What is the OpenText Analytics Database?
  OpenText Analytics Database, formerly known as Vertica, is described by the company as an AI-powered, high-performance query engine for large and fast-growing data workloads. It supports real-time analytics at petabyte scale, uses a massively parallel processing columnar architecture, and offers advanced compression and deployment flexibility across on-premises, private cloud, and major public cloud platforms.
• How is OpenText involved in cybersecurity?
  Through OpenText Cybersecurity, the company offers security capabilities that span identity, data, applications, security operations, and forensics. It highlights products such as Core Threat Detection and Response, Core Identity Foundation, Application Security Aviator, and Data Privacy and Protection (Voltage) to help enterprises embed AI into security workflows and enforce governance and compliance.
• What partnerships has OpenText highlighted?
  OpenText has announced collaborations with partners including Google Cloud, SAP, Microsoft, Salesforce, Oracle, and Databricks. Examples include using Google’s Gemini models and Vertex AI in Gemini Enterprise, integrating Voltage with Google BigQuery, providing SAP-certified content management for SAP S/4HANA Cloud Public Edition, and co-innovating with Databricks on the OpenText AI Data Platform.
• What is the OpenText AI Data Platform (AIDP)?
  OpenText describes the AI Data Platform as an open, unified data and AI framework with a governance orchestration layer that enables AI agents, called Aviators, to help customers unlock value from their data. It is intended to connect governed enterprise content and processes with AI models to deliver contextual and auditable AI outcomes.
• Does OpenText pay dividends?
  In recent Form 8-K filings, OpenText’s board of directors has declared quarterly cash dividends per common share pursuant to the company’s dividend policy. The company notes that it believes in returning value to shareholders but emphasizes that future dividends remain subject to the board’s discretion, financial conditions, and contractual limitations.
• Has OpenText made any recent portfolio changes?
  Yes. OpenText announced a definitive agreement, and later the completion, of the divestiture of an on-premise solution, eDOCS, which was part of its Analytics portfolio, to NetDocuments Software, Inc. The company has stated that this transaction aligns with its strategy to divest non-core assets and focus on its core information management for AI business, and that it intends to use net proceeds to reduce outstanding debt.