# OpenText Corp.

OpenText Corp. is an other based in Waterloo, Canada.

## Overview

- **Organization type:** other
- **Headquarters:** Waterloo, Canada
- **Region:** North America
- **Address:** Waterloo, ON, Canada
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** opentext.com

## Regulatory record

- **Reports private funds:** No

## About

OpenText helps organizations securely manage and connect data across the enterprise, transforming data into trusted, AI-ready information.

## Sectors

- Enterprise Software
- AI/ML
- Cybersecurity
- Cloud Computing
- Data Analytics

## People

- Mark J. Barrenechea — CEO & CTO
- Frank Calderoni — Executive Chairman

## Questions

### Who runs investment decisions at OpenText?

Investment decisions are made by the executive team under CEO Mark Barrenechea, with oversight from an independent board. The firm's M&A strategy is central to its growth and is led by a dedicated corporate development team.

### How does OpenText source its acquisition targets?

OpenText targets companies that strengthen its information management platform — especially in cybersecurity, cloud, and AI. Deals are sourced through internal research, investment bank relationships, and competitive auctions, with a strong bias for revenue-synergy and cost-reduction integration.

### Does OpenText participate in venture-style investments?

No — OpenText focuses on acquisitions of established enterprise companies, not early-stage venture investments. It has made minority investments occasionally, but the core strategy is acquiring full control of later-stage firms with stable cash flows.

### Which sectors does OpenText explicitly avoid?

OpenText avoids consumer-facing software, hardware manufacturing, and industries outside enterprise information management. It has no disclosed interest in healthcare, financial services, or energy verticals beyond supporting IT needs.

### How is OpenText related to the founding Bray family?

Co-founder Tim Bray left day-to-day operations in 1996 and sold most of his shares over time. The Bray family does not hold a controlling stake or maintain an active role; the firm is now widely held by institutional investors.

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- [Portfolio Holding](https://altss.com/profile/portfolio-holding)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/opentext-corp

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