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{{Short description|American information technology company}}
{{Infobox company
{{Infobox company
| name = Covisint
| name = Covisint
| logo = File:Covisintlogo.jpg
| logo = Covisint logo.svg
| type = Subsidiary
| type = [[Subsidiary]]
| traded_as = {{NASDAQ was|COVS}}
| traded_as = {{NASDAQ was|COVS}}
| foundation = 2000
| foundation = {{start date and age|2000}}
| location = [[Southfield, Michigan]], [[United States|USA]]
| location = [[Southfield, Michigan]], U.S.
| key_people = Sam Inman, CEO
| key_people = Sam Inman ([[Chief executive officer|CEO]])
| industry = Information Technology
| industry = Information Technology
| num_employees = '''180+''' (2015)
| num_employees = '''180+''' (2015)
| parent = [[OpenText]]
| parent = [[OpenText]]
| homepage = [http://www.covisint.com www.covisint.com]
| homepage = {{url|http://www.covisint.com}}
}}
}}
'''Covisint''' was an American [[information technology]] company that was purchased by [[OpenText]], a Canadian company for US$103 million in July, 2017.<ref>{{Cite news|url=https://www.therecord.com/news-story/7356536-opentext-buys-cloud-computing-firm-for-us-103-million/|title=OpenText buys cloud computing firm for US$103 million {{!}} TheRecord.com|last=Pender|first=Terry|date=2017-06-06|work=TheRecord.com|access-date=2017-10-27|language=en-CA}}</ref><ref>[http://www.opentext.com/who-we-are/press-releases?id=933BDC4D0BD2479982A2C4AFBFF7B615 OpenText Buys Covisint]</ref> The [https://www.opentext.com/products-and-solutions/products/business-network OpenText Business Network] mission is "Integrate, manage and securely exchange data across people, systems and things to gain an information advantage".
'''Covisint''' was an American [[information technology]] company that was purchased by [[OpenText]], a Canadian company for US$103 million in July, 2017.<ref>{{Cite news|url=https://www.therecord.com/news-story/7356536-opentext-buys-cloud-computing-firm-for-us-103-million/|title=OpenText buys cloud computing firm for US$103 million {{!}} TheRecord.com|last=Pender|first=Terry|date=2017-06-06|work=TheRecord.com|access-date=2017-10-27|language=en-CA}}</ref><ref>[http://www.opentext.com/who-we-are/press-releases?id=933BDC4D0BD2479982A2C4AFBFF7B615 OpenText Buys Covisint]</ref> The [https://www.opentext.com/products-and-solutions/products/business-network OpenText Business Network] mission is "Integrate, manage and securely exchange data across people, systems and things to gain an information advantage".


Covisint was established in 2000 by a consortium of organizations, including [[General Motors|General Motors - Philip Abraham]], [[Ford]], and [[DaimlerChrysler]]. In February 2004, [[Compuware|Compuware Corporation]] acquired Covisint.<ref>{{Cite web |url=http://www.networkworld.com/news/2004/0205covisint.html |title=Compuware to acquire Covisint B2B exchange |access-date=2013-06-26 |archive-url=https://web.archive.org/web/20140202095412/http://www.networkworld.com/news/2004/0205covisint.html |archive-date=2014-02-02 |url-status=dead }}</ref> Compuware completed a [[corporate spin-off|spin-off]] of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.<ref>{{Cite web |url=http://investors.covisint.com/releasedetail.cfm?releaseid=879859 |title=Covisint Spin-Off From Compuware Completed |access-date=2015-06-17 |archive-url=https://web.archive.org/web/20150618065208/http://investors.covisint.com/releasedetail.cfm?releaseid=879859 |archive-date=2015-06-18 |url-status=dead }}</ref>
The roots of Covisint were in a program funded by [[General Motors]] to simplify supply chain led by Phil Abraham.<ref>{{Cite news|last=Sinclair|first=Norm|date=2016-11-28|title=From the Rafters to the Cloud|url=https://www.dbusiness.com/business-features/from-the-rafters-to-the-cloud/|access-date=2021-06-24|website=DBusiness Magazine|language=en-US}}</ref> General Motors was joined by [[Ford Motor Company|Ford]], and [[DaimlerChrysler]]<ref>{{Cite web|title=Automotive Portals - Covisint|url=https://portal.covisint.com/web/103853/2|access-date=2021-06-24|website=portal.covisint.com}}</ref> to create a single B2B Supplier Exchange in 2000. They were also joined by Nissan, Renault and Peugeot as participants.<ref>{{Cite web|last=Copeland|first=Lee|date=2001-12-17|title=Covisint's Stalled Start|url=https://www.computerworld.com/article/2586638/covisint-s-stalled-start.html|access-date=2021-06-24|website=Computerworld|language=en}}</ref> In February 2004, [[Compuware|Compuware Corporation]] acquired Covisint.<ref>{{Cite web |url=http://www.networkworld.com/news/2004/0205covisint.html |title=Compuware to acquire Covisint B2B exchange |access-date=2013-06-26 |archive-url=https://web.archive.org/web/20140202095412/http://www.networkworld.com/news/2004/0205covisint.html |archive-date=2014-02-02 |url-status=dead }}</ref> Compuware completed a [[corporate spin-off|spin-off]] of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.<ref>{{Cite web |url=http://investors.covisint.com/releasedetail.cfm?releaseid=879859 |title=Covisint Spin-Off From Compuware Completed |access-date=2015-06-17 |archive-url=https://web.archive.org/web/20150618065208/http://investors.covisint.com/releasedetail.cfm?releaseid=879859 |archive-date=2015-06-18 |url-status=dead }}</ref>


Initially focused in the automotive industry, they have expanded into the healthcare, oil and gas, government, and financial services.{{citation needed|date=July 2013}} Covisint has offices in Southfield, San Francisco, Shanghai, Coventry and Frankfurt.
Initially focused in the automotive industry, they have expanded into the healthcare, oil and gas, government, and financial services.{{citation needed|date=July 2013}} Covisint has offices in Southfield, [[San Francisco]], [[Shanghai]], Coventry and [[Frankfurt]].


==References==
==References==
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* [http://www.covisint.com/ Official site]
* [http://www.covisint.com/ Official site]


{{OpenText}}

[[Category:OpenText]]
[[Category:Software companies based in Michigan]]
[[Category:Software companies based in Michigan]]
[[Category:Companies based in Southfield, Michigan]]
[[Category:Companies based in Southfield, Michigan]]
[[Category:Software companies established in 2000]]
[[Category:Software companies established in 2000]]
[[Category:Companies formerly listed on NASDAQ]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:2013 initial public offerings]]
[[Category:2013 initial public offerings]]
[[Category:2017 mergers and acquisitions]]
[[Category:2017 mergers and acquisitions]]
[[Category:Corporate spin-offs]]
[[Category:Corporate spin-offs]]
[[Category:American subsidiaries of foreign companies]]
[[Category:American subsidiaries of foreign companies]]
[[Category:Software companies of the United States]]
[[Category:Defunct software companies of the United States]]




Latest revision as of 14:25, 1 September 2024

Covisint
Company typeSubsidiary
Nasdaq: COVS
IndustryInformation Technology
Founded2000; 25 years ago (2000)
HeadquartersSouthfield, Michigan, U.S.
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

[edit]
  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.
[edit]


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