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'''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>[http://investors.covisint.com/releasedetail.cfm?releaseid=879859 Covisint Spin-Off From Compuware Completed]</ref>
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>


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.

Revision as of 03:13, 30 July 2020

Covisint
Company typeSubsidiary
Nasdaq: COVS
IndustryInformation Technology
Founded2000
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".

Covisint was established in 2000 by a consortium of organizations, including General Motors - Philip Abraham, Ford, and DaimlerChrysler. In February 2004, Compuware Corporation acquired Covisint.[3] Compuware completed a spin-off of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.[4]

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. ^ "Compuware to acquire Covisint B2B exchange". Archived from the original on 2014-02-02. Retrieved 2013-06-26.
  4. ^ "Covisint Spin-Off From Compuware Completed". Archived from the original on 2015-06-18. Retrieved 2015-06-17.