Covisint
Company typeSubsidiary
Nasdaq: COVS
IndustryInformation Technology
Founded2000; 24 years ago (2000)
HeadquartersSouthfield, Michigan, USA
Key people
Sam Inman, CEO
Number of employees
180+ (2015)
ParentOpenText
Websitewww.covisint.com

Covisint was an American information technology company that was purchased by OpenText, a Canadian company for US$103 million in July, 2017.[1][2] The OpenText Business Network mission is "Integrate, manage and securely exchange data across people, systems and things to gain an information advantage".

The roots of Covisint were in a program funded by General Motors to simplify supply chain led by Phil Abraham.[3] General Motors was joined by Ford, and DaimlerChrysler[4] to create a single B2B Supplier Exchange in 2000. They were also joined by Nissan, Renault and Peugeot as participants.[5] In February 2004, Compuware Corporation acquired Covisint.[6] Compuware completed a spin-off of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.[7]

Initially focused in the automotive industry, they have expanded into the healthcare, oil and gas, government, and financial services.[citation needed] Covisint has offices in Southfield, San Francisco, Shanghai, Coventry and Frankfurt.

References

  1. ^ Pender, Terry (2017-06-06). "OpenText buys cloud computing firm for US$103 million | TheRecord.com". TheRecord.com. Retrieved 2017-10-27.
  2. ^ OpenText Buys Covisint
  3. ^ Sinclair, Norm (2016-11-28). "From the Rafters to the Cloud". DBusiness Magazine. Retrieved 2021-06-24.
  4. ^ "Automotive Portals - Covisint". portal.covisint.com. Retrieved 2021-06-24.
  5. ^ Copeland, Lee (2001-12-17). "Covisint's Stalled Start". Computerworld. Retrieved 2021-06-24.
  6. ^ "Compuware to acquire Covisint B2B exchange". Archived from the original on 2014-02-02. Retrieved 2013-06-26.
  7. ^ "Covisint Spin-Off From Compuware Completed". Archived from the original on 2015-06-18. Retrieved 2015-06-17.

External links


OpenText
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