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Covisint

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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,[1] a Canadian company for US$103 million in July, 2017.[2][3] Covisint was established in 2000 by a consortium of organizations, including General Motors, Ford, and DaimlerChrysler. In February 2004, Compuware Corporation acquired Covisint.[4] Compuware completed a spin-off of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.[5]

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. ^ "OpenText buys Hightail". IT Business. Retrieved 2018-05-25.
  2. ^ Pender, Terry (2017-06-06). "OpenText buys cloud computing firm for US$103 million | TheRecord.com". TheRecord.com. Retrieved 2017-10-27.
  3. ^ OpenText Buys Covisint
  4. ^ "Compuware to acquire Covisint B2B exchange". Archived from the original on 2014-02-02. Retrieved 2013-06-26.
  5. ^ Covisint Spin-Off From Compuware Completed