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The comprehensive OpenText Information Management platform and services provide secure and scalable solutions for global enterprises, SMBs, governments and consumers around the world.
−Removed: With critical tools and services for connecting and classifying data, OpenText accelerates customers’ ability to deploy Artificial Intelligence (AI), automate work, and strengthen productivity.
+Added: With critical tools and services for connecting and classifying data, OpenText accelerates customers’ ability to deploy AI, automate work, and strengthen productivity.
The benefits of interconnected information enable customers to enhance real-time decision-making, meet new compliance standards, manage across multi-cloud environments, and stay cyber resilient with secure data.
−Removed: With rising compliance standards for data management, security, environmental, sustainability, and inclusion factors, OpenText empowers customers with foresight and trust.
+Added: With rising compliance standards for data management, security and corporate citizenship factors, OpenText empowers customers with foresight and trust.
Our products are fundamentally integrated into the operations and existing software systems of our customers’ businesses, so customers can securely manage the complexity of information flow end-to-end.
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We make information more valuable by connecting it to digital business processes, enriching it with insights, protecting and securing it throughout its entire lifecycle and leveraging it to create engaging digital experiences.
−Removed: Our solutions connect large digital supply chains, IT service management ecosystems, application development and delivery workflows, and processes in many industries including manufacturing, healthcare and life sciences, energy, retail and financial services.
+Added: Our solutions connect large digital supply chains, information technology (IT) service management ecosystems, application development and delivery workflows, and processes in many industries including manufacturing, healthcare and life sciences, energy, retail and financial services.
Our solutions also enable organizations and consumers to secure their information so that they can collaborate with confidence, stay ahead of the regulatory technology curve and identify threats across their endpoints and networks.
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(Rocket Software) for $2.275 billion in cash before taxes, fees and other adjustments (the AMC Divestiture).
+Added: During the quarter ended December 31, 2024, working capital and other adjustments were finalized, which resulted in a payment of $11.7 million to Rocket Software, and a decrease to the gain on the AMC Divestiture by $4.2 million.
We used the net proceeds from the AMC Divestiture to complete a $2.0 billion debt reduction, which resulted in the termination of the Term Loan B (as defined below) and the reduction of amounts outstanding under the Acquisition Term Loan (as defined below).
+Added: Tab le of C ontents
Our Products and Services
We leverage a common set of technologies, processes and systems to deliver our complete and integrated portfolio of Information Management solutions at scale to meet the demands and needs of a global market.
−Removed: Our solutions are marketed and delivered on the OpenText Cloud Platform, which supports customer deployments from private cloud to public cloud to off-cloud to API.
+Added: Our solutions are marketed and delivered on the OpenText Cloud Platform, which supports customer deployments from private cloud to public cloud to off-cloud to application programming interface (API).
Our architectural approach puts at the forefront the ability for customers to have the flexibility and customization they need in a hybrid multi-cloud world.
The OpenText Cloud is a comprehensive Information Management platform consisting of six business clouds:
−Removed: our Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud and Analytics Cloud.
−Removed: In addition to our six business clouds, we have the Developer Cloud to help unleash developer creativity.
+Added: our Content Cloud, Cybersecurity Cloud, DevOps Cloud, Business Network Cloud, Observability and Service Management Cloud and Analytics Cloud.
With embedded AI and analytics, our solutions improve business insight, employee productivity, customer experiences, asset utilization, collaboration, supply chain efficiency and risk management.
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Below is a listing of our Information Management solutions.
−Removed: For the year ended June 30, 2024, total revenues is comprised of 40% from Content Cloud, 20% from Cybersecurity Cloud, 15% from Application Automation Cloud, 10% from Business Network Cloud, 10% from IT Operations Management Cloud and 5% from Analytics Cloud, with revenues from Business Network Cloud and Cybersecurity Cloud primarily derived from Cloud revenues, and the remaining primarily derived from Customer support revenues.
+Added: For the year ended June 30, 2025, total revenues is comprised of 40% from Content Cloud, 25% from Cybersecurity Cloud, 10% from Business Network Cloud, 10% from DevOps Cloud, 10% from Observability and Service Management Cloud, and 5% from Analytics Cloud.
+Added: Total cloud services and subscriptions revenue is comprised of 30% from Business Network Cloud, 30% from Cybersecurity Cloud and 25% from Content Cloud, with the remaining 15% between the three other business clouds.
Content Cloud
−Removed: Our Content Cloud empowers customers to gain an information advantage through robust content management, improved integrations and intelligent automation.
+Added: Our Content Cloud is our largest business cloud and includes robust content management, improved integrations and intelligent automation.
It connects content to the digital business eliminating silos and providing convenient, secure and compliant remote access to both structured and unstructured data, boosting productivity and insights and reducing risk.
Our solutions manage the lifecycle, distribution, use and analysis of information across the organization, from capture through archiving and disposition.
−Removed: Our Content Services solutions range from content collaboration and intelligent capture to records management, collaboration, e-signatures and archiving, and are available off-cloud, on a cloud provider of the customer’s choice, as a subscription in the OpenText Cloud, in a hybrid environment or as a managed service.
−Removed: Our Content Services solutions enable customers to capture data from paper, electronic files and other sources and transform it into digital content delivered directly into content management solutions, business processes and analytic applications.
+Added: Our Content solutions range from content collaboration and intelligent capture to records management, collaboration, e-signatures and archiving, and are available off-cloud, on a cloud provider of the customer’s choice, as a subscription in the
+Added: Tab le of C ontents
+Added: OpenText Cloud, in a hybrid environment or as a managed service.
+Added: Our Content solutions enable customers to capture data from paper, electronic files and other sources and transform it into digital content delivered directly into content management solutions, business processes and analytic applications.
Our customers can protect critical historical information within a secure, centralized archiving solution.
−Removed: OpenText Content Services adhere to the Content Management Interoperability Services (CMIS) standard and support a broad range of operating systems, databases, application servers and applications.
−Removed: Our Content Services integrate with the applications that manage critical business processes, such as SAP® S/4HANA, SAP® SuccessFactors®, Salesforce®, Microsoft® Office 365® and other software systems and applications, establishing the
−Removed: foundation for intelligent business process and content workflow automation.
−Removed: By connecting unstructured content with structured data workflows, our Content Services allow users to have the content they need, when they need it, reducing errors, driving greater business insight and increasing efficiency.
+Added: OpenText Content adheres to the Content Management Interoperability Services (CMIS) standard and support a broad range of operating systems, databases, application servers and applications.
+Added: Our Content solutions integrate with the applications that manage critical business processes, such as SAP® S/4HANA, SAP® SuccessFactors®, Salesforce®, Microsoft® Office 365® and other software systems and applications, establishing the foundation for intelligent business process and content workflow automation.
+Added: By connecting unstructured content with structured data workflows, our Content solutions allow users to have the content they need, when they need it, reducing errors, driving greater business insight and increasing efficiency.
Also within Content Cloud, our Experience Cloud powers smarter experiences that drive revenue growth and customer loyalty.
−Removed: Our Digital Experience solutions create, manage, track and optimize omnichannel interactions throughout the customer journey, from acquisition to retention, and integrate with systems of record including Salesforce® and SAP®.
−Removed: The OpenText Digital Experience platform enables businesses to gain insights into their customer interactions and optimize them to improve customer lifetime value.
+Added: Our Experience solutions create, manage, track and optimize omnichannel interactions throughout the customer journey, from acquisition to retention, and integrate with systems of record including Salesforce® and SAP®.
+Added: The OpenText Experience platform enables businesses to gain insights into their customer interactions and optimize them to improve customer lifetime value.
The platform includes solutions and extensions that deliver highly personalized content and engagements along a continuous customer journey.
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Cybersecurity Cloud
−Removed: Our Cybersecurity solutions provide organizations with capabilities to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, all with AI-led threat intelligence.
+Added: Our Cybersecurity solutions provide organizations and SMBs with capabilities to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, all with AI-led threat intelligence.
OpenText Cybersecurity aims to protect critical information and processes through threat intelligence, forensics, identity, encryption, and cloud-based application security.
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Our Business Network Cloud provides a foundation for digital supply chains and secure e-commerce ecosystems.
−Removed: Our Business Network manages data within the organization and outside the firewall, connecting people, systems and Internet of Things (IoT) devices at a global scale for those seeking to digitize and automate their procure-to-pay and order-to-cash processes.
+Added: Our Business Network Cloud manages data within the organization and outside the firewall, connecting people, systems and
+Added: Tab le of C ontents
+Added: Internet of Things (IoT) devices at a global scale for those seeking to digitize and automate their procure-to-pay and order-to-cash processes.
For our customers, our Business Network Cloud offerings deliver streamlined connectivity, secure collaboration and real-time business intelligence in a single, unified platform.
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OpenText’s Business Network Cloud offers insights that help drive operational efficiencies, accelerate time to transaction and improve customer satisfaction.
−Removed: IT Operations Management Cloud
−Removed: Our IT Operations Management Cloud helps customers increase service levels and deliver better experiences through a more holistic management of IT assets and applications across all types of infrastructures and environments.
−Removed: Within IT operations management, we power IT service management for automation and advancement of IT support and asset management (SMAX).
+Added: Observability and Service Management Cloud
+Added: Our Observability and Service Management Cloud (previously named IT Operations Management Cloud) helps customers increase service levels and deliver better experiences through a more holistic management of IT assets and applications across all types of infrastructures and environments.
+Added: We power IT service management for automation and advancement of IT support and asset management (SMAX).
We enable customers with better AI operations management with the capabilities of network operations management (NOM) and connected data management and observability (OpsBridge).
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Lastly, with the power of our universal discovery and automation tools that can manage distributed landscapes, we help customers better manage cloud costs and carbon footprints.
−Removed: As OpenText continues to integrate the Micro Focus portfolio, we expect that new innovations will drive the combination of IT service management and enterprise content management to enable IT service agents with the right content and insights.
+Added: We expect that new innovations will drive the combination of IT service management and enterprise content management to enable IT service agents with the right content and insights.
Bringing the AI operations portfolio onto the OpenText private cloud is expected to allow customers to take advantage of the discovery capabilities on top of a private network and within private data.
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Analytics Cloud
−Removed: OpenText Analytics Cloud solutions bring artificial intelligence with practical usage to provide organizations with actionable insights and better automation.
−Removed: We help organizations overcome enterprise data challenges through visualizations, advanced natural language processing and natural language understanding and integrated computer vision capabilities.
−Removed: With an open architecture, Analytics Cloud can integrate with external AI services, such as Google Cloud or Azure.
+Added: OpenText Analytics Cloud solutions provide organizations with actionable insights and better automation for data strategy and data management.
+Added: We help organizations overcome enterprise data challenges through efficient and high-speed processing, visualizations, and advanced natural language understanding of the data for actionable insights.
Our Analytics Cloud solutions feature capabilities from data analytics to insights from new unstructured data types to visualization that can be applied to key processes.
These solutions help organizations process data of all types from anywhere, at any speed, and transform data into insights that can be used in workflows through applications.
−Removed: These capabilities can be consumed as a full stack analytics engine or as API components embedded in other custom OEM solutions.
−Removed: In addition, we have embedded AI data analytics in all our major offerings.
−Removed: Our AI and analytics capabilities within Content Cloud leverage structured or unstructured data to help organizations improve decision-making, gain operational efficiencies and increase visibility through interactive dashboards, reports and data visualizations.
−Removed: It leverages a comprehensive set of data analytics software, such as text mining, natural language processing, interactive visualizations and machine learning, to identify patterns, relationships, risks and trends that are used for predictive process automation and accelerated decision making.
−Removed: Our Analytics Cloud solutions support composite AI for improved accuracy, and we help customers turn repositories of operational and experience information into clean and integrated “data lakes” that can be mined by AI to extract useful knowledge and insight for our customers.
−Removed: Application Automation Cloud
−Removed: The OpenText Application Automation Cloud focuses on helping customers re-engineer processes and quickly adapt to complex needs to deliver seamless customer and employee applications.
+Added: These capabilities can be consumed as a full stack analytics engine or as API components embedded in other custom original equipment manufacturer (OEM) solutions.
+Added: The OpenText DevOps Cloud (previously named Application Automation Cloud) focuses on helping customers re-engineer processes and quickly adapt to complex needs to deliver seamless customer and employee applications.
Our cloud ready solutions speed up the development of case and process-driven applications with low-code, drag-and-drop components, reusable building blocks and pre-built accelerators to build and deploy solutions more easily.
−Removed: The Application Automation Cloud provides performance to functional testing, and lifecycle management of applications with improved visibility.
+Added: The DevOps Cloud provides performance to functional testing, and lifecycle management of applications with improved visibility.
Moreover, our professional services team works with customers to simplify complex interactions among people, content, transactions and workflows across multiple systems of record to support a diverse range of use cases.
Within our applications automation space, we help customers move workloads into the cloud by integrating customer applications they have on mainframes and older infrastructures.
−Removed: From mainframe development tools to host connectivity, our
−Removed: products deliver value managing a fast-paced and ever-changing IT landscape.
+Added: From mainframe development tools to host connectivity, our products deliver value managing a fast-paced and ever-changing IT landscape.
Customers can innovate faster, with lower risk, by transforming their core business applications, processes, and infrastructure—from mainframe to cloud.
−Removed: The Application Automation Cloud included our AMC business prior to the AMC Divestiture on May 1, 2024.
−Removed: During Fiscal 2024, the AMC business comprised approximately 45% of the Application Automation Cloud.
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+Added: The DevOps Cloud included our AMC business prior to the AMC Divestiture on May 1, 2024.
+Added: During Fiscal 2024, the AMC business comprised approximately 45% of the DevOps Cloud.
See Note 19 “Acquisitions and Divestitures” to our Consolidated Financial Statements for more details.
−Removed: Developer Cloud
−Removed: Developers can access API, cloud services and software development kits (SDK) from our six business cloud offerings, through the OpenText Developer Cloud, making it faster and easier to build, extend and customize Information Management applications.
+Added: Artificial Intelligence (AI)
+Added: We have embedded AI data analytics in all our major offerings.
+Added: Our AI capabilities within Content Cloud leverage structured or unstructured data to help organizations improve decision-making, gain operational efficiencies and increase visibility through interactive dashboards, reports and data visualizations.
+Added: Across all business clouds, AI is providing search and summarize capabilities utilizing text mining, natural language processing, interactive visualizations and machine learning, to identify patterns, relationships, risks and trends that are used for predictive process automation and accelerated decision making.
+Added: Through AI, we help customers turn repositories of operational and experience information into clean and integrated data that can be mined by AI to extract useful knowledge and insight for our customers.
+Added: Software Developers API
+Added: Developers can access API, cloud services and software development kits (SDK) from our six business cloud offerings, making it faster and easier to build, extend and customize Information Management applications.
Our solutions help R&D teams engage with our community of developers to innovate and build custom applications.
Our API solutions help developers accelerate new product development, utilize fewer resources and reduce time to delivery for their projects.
−Removed: With our Developer Cloud’s language-neutral protocols and cloud API services, our customers can reduce infrastructure spend, improve time-to-market and minimize the time and effort required to add new capabilities.
−Removed: The OpenText Developer Cloud delivers a broad and deep set of Information Management capability for organizations to extend their existing OpenText implementations or include our capabilities into their own custom solutions, such as for customer, supplier and partner collaboration.
−Removed: The Developer Cloud also includes IoT and threat intelligence capabilities for organizations to dynamically integrate multi-tiered supply chain communities and build solutions for greater efficiency, agility and new value-added services.
−Removed: Data security is embedded throughout our offerings so the developer can focus on building differentiated user experiences.
−Removed: Organizations can gain an information advantage and quickly turn ideas into solutions with OpenText APIs to build, integrate and customize Information Management applications.
−Removed: OpenText APIs empower developers to focus on code-based innovation with a single, secure, infrastructure agnostic platform, freely available technical documentation and an open and engaged developer community to share knowledge and best practices to solve problems and create new solutions.
+Added: Using our language-neutral protocols and cloud API services, our customers can reduce infrastructure spend, improve time-to-market and minimize the time and effort required to add new capabilities.
Our innovation roadmap includes APIs as a deployment option for all new products.
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Our Cloud Managed Services offering provides customers with a single point of contact and a single service level agreement for OpenText solutions managed in our partner’s clouds.
−Removed: As an organization, we are committed to “Total Growth”, meaning we strive towards delivering value through organic initiatives, innovations and acquisitions.
−Removed: With an emphasis on increasing recurring revenues and expanding profitability, we believe our Total Growth strategy will ultimately drive cash flow growth, thus helping to fuel our innovation, broaden our go-to-market distribution and identify and execute strategic acquisitions.
−Removed: With strategic acquisitions, we are well positioned to expand our product portfolio and improve our ability to innovate and grow organically, which helps us to meet our long-term growth targets.
−Removed: Our Total Growth strategy is a durable model, that we believe will create both near and long-term shareholder value through organic and acquired growth, capital efficiency and profitability.
−Removed: As a global leader in Information Management, we know customers need an integrated set of cloud products, solutions and services as a foundation for efficiency and growth.
−Removed: The cloud is a strategic business imperative that drives customers’ investment in product innovation, business agility, operational efficiency and cost management.
−Removed: We are committed to continuing our investment in the OpenText Cloud to better suit the evolving needs of our customers.
−Removed: We are committed to continuous innovation.
+Added: We believe our strategic priorities position us well to create both near and long-term shareholder value through organic and inorganic growth, greater capital efficiency and improved profitability.
+Added: As an organization, we are focused on our three strategic priorities:
+Added: • Expanding our competitive advantage
+Added: We believe we are well positioned in our key markets to increase our competitive AI-first advantage through our product cycle and leading with Business AI, Business Clouds and Business Security.
+Added: This includes:
+Added: Invest in Innovation .
+Added: We believe we are well-positioned to develop additional innovative solutions to address the evolving market.
+Added: We plan to continue investing in technology innovation by funding internal development, acquiring complementary technologies and collaborating with third parties.
+Added: Invest in Technology Leadership .
+Added: We believe we are well-positioned to develop additional innovative solutions to address the evolving market.
+Added: We plan to continue investing in technology innovation by funding internal development, acquiring complementary technologies and collaborating with third-parties.
+Added: Invest in Business AI .
+Added: With the lens of driving an AI-first strategy, we believe that customers are seeking practical AI and OpenText is in a strong position to help customers discover the most prevailing use cases that leverage an interconnected source of all data types (including content, business network, customer experience, IT service management, application development, asset management, and IoT).
+Added: We believe one of the greatest opportunities is to help customers leverage their operational and experience data with
+Added: Tab le of C ontents
+Added: generative AI to discover search and summarize the data easily and to automate work to gain competitive advantages.
+Added: We strive to co-innovate with customers by taking the proven concept of machine learning and applying it to their organizational needs.
+Added: Invest in the Business Clouds .
+Added: Today, the destination for innovation is the cloud.
+Added: Businesses of all sizes rely on a combination of APIs, public and private clouds, managed services and off-cloud solutions.
+Added: As a result, we are committed to continue to modernize our technology infrastructure and leverage existing investments in the OpenText Cloud.
+Added: The combination of OpenText cloud-native applications and managed services, together with the scalability and performance of our partner public cloud providers, offer more secure, reliable and compliant solutions to customers wanting to deploy cloud-based Information Management applications.
+Added: OpenText Cloud Editions is designed to build additional flexibility and scalability for our customers:
+Added: becoming cloud-native, connecting anything and extending capabilities quickly with multi-tenant “software as a service” (SaaS) applications and services.
+Added: Invest in Business Technology .
+Added: Customers need the ability to secure their information, ensure that their cloud infrastructure meets the compliance requirements of their government and industry regulations, and know that they can rely on our applications and platforms to have solid run-time and security standards.
+Added: In an ever-increasing multi-cloud world, our customers need seamless interactions among OpenText applications, and other core applications, on various hyper-scalers or private clouds.
+Added: • Total revenue growth
+Added: We are committed to total revenue growth through organic initiatives, innovation and acquisitions.
+Added: In addition, we continuously evaluate our businesses that perform or outperform our expectations for revenue growth.
+Added: This includes:
+Added: Deliver Organic Growth .
+Added: We are focused on investing and delivering on organic growth.
+Added: The Information Management market is large and is expected to continue to grow and we expect cloud to be our leading growth driver.
+Added: We have multiple initiatives that are designed to deliver organic growth including guiding our customers along their AI journey, investing in our data and API and deepening our relationships with our partners and hyper-scalers.
+Added: As customers move into the cloud, it will facilitate cross-sell and upsell opportunities across the product portfolio and geographies.
+Added: Strategically Pursue Acquisitions .
+Added: We expect to continue to pursue acquisitions to strengthen our product offerings in the Information Management market.
+Added: Considering the continually evolving marketplace in which we operate, we regularly evaluate acquisition opportunities within the Information Management market and at any time may be in various stages of discussions with respect to such opportunities.
+Added: We plan to continue to pursue acquisitions that complement our existing business, represent a strong strategic fit and are consistent with our overall growth strategy and disciplined financial management.
+Added: We may also target future acquisitions to expand or add functionality and capabilities to our existing portfolio of solutions, as well as add new solutions to our portfolio.
+Added: Broaden Global Presence .
+Added: As customers become increasingly multi-national and as international markets continue to adopt Information Management solutions, we plan to further grow our brand, presence and partner networks in these new markets.
+Added: We are focused on using our direct sales for targeting existing G10K customers and plan to address new geographies and SMB customers, jointly with our partners.
+Added: Broaden Our Information Management Reach into the G10K .
+Added: As technologies and customers become more sophisticated, we intend to be a leader in expanding the definition of traditional market sectors.
+Added: We continue to expand our direct sales coverage of the G10K as we focus on connecting this marquee customer base to our information platform.
+Added: Deepen Existing Customer Footprint .
+Added: We believe one of our greatest opportunities is to sell newly developed or acquired technologies to our existing customer base, and cross-sell historical OpenText products to newly acquired customers.
+Added: We have significant expertise in a number of industry sectors and aim to increase our customer penetration based on our strong credentials.
+Added: We are particularly focused on circumstances where the customer is looking to consolidate multiple vendors with solutions from a single source while addressing a broader spectrum of business problems or equally new or existing customers looking to take a more holistic approach to digital transformation.
+Added: Deepen Strategic Partnerships .
+Added: OpenText is committed culturally, programmatically and strategically to be a partner-embracing company.
+Added: Our partnerships with companies such as SAP SE, Google Cloud, AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation and others serve as examples of how we are working together with our partners to create next-generation Information Management solutions and
+Added: Tab le of C ontents
+Added: deliver them to market.
+Added: We will continue to look for ways to create more customer value from our strategic partnerships.
+Added: • Achieving Operational Excellence
+Added: OpenText maintains a history and culture of focus on efficiency and profitability.
+Added: We focus on driving margin and earnings expansion, free cash flow growth, and capital return.
+Added: Expanding profitability, which will ultimately drive cash flow growth, which helps fuel our innovation, broaden our go-to-market distribution and identify and execute acquisitions.
+Added: Consistent with our strategic priorities, we are committed to continuing our investment in the OpenText Cloud to better suit the evolving needs of our customers.
Over the last three fiscal years, we have invested a cumulative total of $2.3 billion in R&D or 14.8% of cumulative revenue for that three-year period.
−Removed: On an annual basis, we continue to target to spend
−Removed: 14% to 16% of revenues on R&D expense.
With our innovation roadmap delivered, we believe we have fortified our support for customer choice:
private cloud, public cloud, off-cloud, and API cloud.
+Added: Looking ahead, innovation continues to move to the cloud.
+Added: Businesses rely on a mix of public and private clouds, managed services, and off-cloud options.
+Added: We’re modernizing our infrastructure and building on our OpenText Cloud investments to meet customers where they are.
+Added: Our cloud-native applications, combined with public cloud partners and managed services, provide secure, scalable solutions.
+Added: With multi-tenant SaaS and embedded AI across our portfolio—including Titanium X—we aim to deliver greater flexibility, productivity, and choice.
Our investments in R&D push product innovation, increasing the value of our offerings to our installed customer base and new customers, which includes G10K, enterprise companies, public sector agencies, mid-market companies, SMB and consumers.
−Removed: The G10K are the world’s largest companies, ranked by estimated total revenues, as well as the world’s largest governments and organizations.
+Added: The G10K are the world’s largest companies, ranked by estimated total revenues, as well as the world's largest governments and global organizations.
More valuable products, coupled with our established global partner program, lead to greater distribution and cross-selling opportunities which further help us to achieve organic growth.
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We look for companies that are situated within our total addressable markets.
−Removed: We have developed a philosophy, the OpenText Business System, that is designed to create value by leveraging a clear set of operational mandates for integrating newly acquired companies and assets.
−Removed: We see our ability to successfully integrate acquired companies and assets into our business as a strength and pursuing strategic acquisitions is an important aspect to our Total Growth strategy.
−Removed: We expect to continue to acquire strategically, to integrate and innovate, and to deepen and strengthen our intelligent information platform for customers.
+Added: We see our ability to successfully integrate acquired companies and assets into our business as a strength and pursuing acquisitions is an important aspect to our Total Growth strategy.
+Added: We expect to continue to acquire, to integrate and innovate, and to deepen and strengthen our Information Management platform for customers.
We regularly evaluate acquisition and divestiture opportunities and at any time may be at various stages of discussion with respect to such opportunities.
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Cloud Services and Subscriptions
−Removed: Cloud services and subscriptions revenues consist of (i) software as a service (SaaS) offerings, (ii) APIs and data services, (iii) hosted services and (iv) managed service arrangements.
+Added: Cloud services and subscriptions revenues consist of (i) software as a service (SaaS) offerings, (ii) APIs and data services, and (iii) private cloud that includes hosted services and managed service arrangements.
These offerings allow customers to transmit a variety of content between various mediums and to securely manage enterprise information without the commitment of investing in related hardware infrastructure.
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Customer support is typically renewed on an annual basis and historically customer support revenues have been a significant portion of our total revenue.
−Removed: Through our OpenText customer support programs, customers receive access to software and security upgrades, a knowledge base, discussion boards, product information and an online mechanism to post and review “trouble tickets.” Additionally, our customer support teams handle questions on the use, configuration and functionality of OpenText products and help identify software issues, develop solutions and document enhancement requests for consideration in future product releases.
+Added: Through our OpenText customer support programs, customers receive access to software and security upgrades, a knowledge base, discussion boards, product information and an online mechanism to post and review “trouble tickets.” Additionally, our customer support teams handle
+Added: Tab le of C ontents
+Added: questions on the use, configuration and functionality of OpenText products and help identify software issues, develop solutions and document enhancement requests for consideration in future product releases.
License revenues consist of fees earned from the licensing of software products to our customers.
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The OpenText Suite for SAP solutions provides key business content within the context of SAP business processes providing enhanced efficiencies, reduced risk and better experiences for customers, employees and partners - accessible anywhere and anytime and available on and off-cloud.
+Added: As our customers move their enterprise resource planning to the cloud with SAP, we believe they can benefit from secure cloud archiving from OpenText to drive higher productivity.
• Google Cloud :
−Removed: We work together with Google Cloud to deploy our Information Management solutions on the Google Cloud Platform.
+Added: We work together with Google Cloud to innovate on AI and we deploy our Information Management solutions on the Google Cloud Platform.
This includes a containerized application architecture for flexible cloud or hybrid deployment models.
−Removed: Deploying our solutions on the Google Cloud Platform allows our customers to scale their deployments as their businesses demand.
+Added: Deploying our solutions on the Google Cloud Platform allows our customers to scale their businesses to meet the cloud data sovereignty requirements globally.
We offer our solutions as a managed service and selected products as a SaaS offering.
+Added: Tab le of C ontents
• Amazon Web Services (AWS) :
+Added: We work with AWS to deploy our cloud solutions on AWS infrastructure to meet customer demand.
Our collaboration offers businesses the opportunity to consume our Information Management solutions as fully managed services on AWS for cost savings, increased performance, scalability and security.
• Microsoft Corporation (Microsoft) :
−Removed: Together with Microsoft, we enable customers to connect all aspects of their content infrastructure, integrating these into business processes and enable collaboration, management and governance on the most valuable asset - information.
−Removed: With the acquisition of Zix Corporation (Zix) in 2021, we extended our partnership with Microsoft by becoming one of their nine authorized Cloud Solutions Providers in the North American market.
+Added: For the enterprise market, we work together with Microsoft to innovate on integrated content solutions (now with AI), holistic cybersecurity solutions (particularly in threat detection and response), and in DevOps with integrated toolsets for the developer.
+Added: For the SMB market, we are one of Microsoft’s nine authorized Cloud Solutions Providers in the North American market.
+Added: We sell joint solutions across Microsoft office and OpenText Cybersecurity through partners to small and medium businesses.
• Oracle Corporation (Oracle) :
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The company-to-company partnership between OpenText and Salesforce is focused on growing a full portfolio of Information Management solutions to complement the Salesforce ecosystem by uniting the structured and unstructured information experience.
−Removed: • DXC Technology Company (DXC) :
−Removed: We partner with DXC to deliver mission critical IT services to global companies including testing solutions, application development and IT operations management for the optimization and modernization of data centers.
Global Systems Integrators (GSIs) provide customers with digital transformational services around OpenText technologies.
They are trained and certified on OpenText solutions and enhance the value of our offerings by providing technical credibility and complementary services to customers.
−Removed: Our GSIs include DXC, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises and Tata Consultancy Services (TCS).
+Added: Our GSIs include Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises and Tata Consultancy Services (TCS).
Our partner program also enables MSPs, resellers, distributors and network and security vendors to grow through cloud-based cybersecurity, threat intelligence and backup and recovery solutions aimed at the SMB and consumer markets.
We provide the industry-specific tools, services, training, integrations, certifications and platforms our partners need to ensure trust and reliability with their customer base.
−Removed: We currently have over 20,000 MSPs in our network which provide a key go-to-market channel for us as MSPs act as intermediaries between the solutions vendors like OpenText and the SMB market.
+Added: We currently have approximately 24,000 MSPs in our network which provide a key go-to-market channel for us as MSPs act as intermediaries between the solutions vendors like OpenText and the SMB market.
An MSP specializes in their local market and provides managed services to their clients.
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The market for our products and services is highly competitive, subject to rapid technological change and shifting customer needs and economic pressures.
−Removed: We compete with multiple companies, some that have single or narrow solutions and some that have a range of information management solutions, like us.
+Added: We operate in a highly competitive environment across many different distinct market categories, each of which includes well-established and specialized competitors.
Our primary competitor is International Business Machines Corporation (IBM), with numerous other software vendors competing with us in the Information Management sector, such as Box Inc., Hyland Software Inc., Alfresco Software Inc., ServiceNow Inc., Atlassian Corp., Gen Digital Inc.
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The industry in which we compete is subject to rapid technological developments, evolving industry standards, changes in customer requirements and competitive new products and features.
−Removed: As a result, our success, in part, depends on our ability to continually enhance our existing products in a timely and efficient manner and to develop and introduce new products that meet customer needs while reducing total cost of ownership.
+Added: As a result, our success, in part, depends on our ability to
+Added: Tab le of C ontents
+Added: continually enhance our existing products in a timely and efficient manner and to develop and introduce new products that meet customer needs while reducing total cost of ownership.
To achieve these objectives, we have made and expect to continue to make investments in R&D, through internal and third-party development activities, third-party licensing agreements and potentially through technology acquisitions.
We expect a significant amount of our future R&D investment will be in cloud-based technologies.
+Added: We are committed to advancing our product portfolio through continued investment in research and development activities, with a focus on enabling secure, efficient, and scalable Information Management solutions.
+Added: Our product strategy will rely on five pillars:
+Added: • Business AI - AI led roadmaps, not just AI on the roadmap
+Added: • Business Clouds - Secure and connected Information Management
+Added: • Business Technology - Via data cloud and enhanced cloud platforms
+Added: • Business & Consumer Security - Enhancing security for all our customers and products
+Added: • Product Integration - Deepening the integration of our cybersecurity products into Content Cloud and Business Network Cloud products.
Our R&D expenses were $755.9 million for Fiscal 2025, $864.5 million for Fiscal 2024 and $659.2 million for Fiscal 2023.
We believe our spending on R&D is an appropriate balance between managing our organic growth and results of operations.
−Removed: We expect to continue to invest in R&D to maintain and improve our products and services offerings.
Acquisitions and Divestitures During the Last Five Fiscal Years
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(Bricata) for $17.8 million.
−Removed: • O n March 9, 2020, we acquired XMedius, a provider of secure information exchange and unified communication solutions, for $73.5 million.
−Removed: • O n December 24, 2019, we acquired Carbonite Inc.
−Removed: (Carbonite), a leading provider of cloud-based subscription backup, disaster recovery and endpoint security to SMB, consumers and a wide variety of partners, for $1.4 billion.
−Removed: We believe opportunistic acquisitions or divestitures can strengthen our product offerings in the Information Management market.
−Removed: Considering the continually evolving marketplace in which we operate, we regularly evaluate such opportunities within the Information Management market and at any time may be in various stages of discussions with respect to such opportunities.
+Added: We believe in a programmatic approach to growth through tuck-in acquisitions or when they align with our strategic priorities.
+Added: We expect to carry out programmatic divestitures, when such a strategy presents the best opportunity to monetize long-term returns for mature products.
+Added: We will remain flexible and allocate our capital accordingly to the highest return scenario.
+Added: We regularly evaluate such opportunities within the Information Management market and at any time may be in various stages of discussions with respect to such opportunities.
Intellectual Property Rights
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While we believe our intellectual property is valuable and our ability to maintain and protect our intellectual property rights is important to our success, we also believe that our business as a whole is not materially dependent on any particular patent, trademark, license, or other intellectual property right.
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For more information on the risks related to our intellectual property rights, see “Risk Factors” included in Item 1A of this Annual Report on Form 10-K.
−Removed: Looking Towards the Future
−Removed: In Fiscal 2025 we intend to continue to implement strategies that are designed to:
−Removed: Invest in Innovation.
−Removed: We believe we are well-positioned to develop additional innovative solutions to address the evolving market.
−Removed: We plan to continue investing in technology innovation by funding internal development, acquiring complementary technologies and collaborating with third parties.
−Removed: Invest in the Cloud.
−Removed: Today, the destination for innovation is the cloud.
−Removed: Businesses of all sizes rely on a combination of APIs, public and private clouds, managed services and off-cloud solutions.
−Removed: As a result, we are committed to continue to modernize our technology infrastructure and leverage existing investments in the OpenText Cloud.
−Removed: The combination of OpenText cloud-native applications and managed services, together with the scalability and performance of our partner public cloud providers, offer more secure, reliable and compliant solutions to customers wanting to deploy cloud-based Information Management applications.
−Removed: OpenText Cloud Editions is designed to build additional flexibility and scalability for our customers:
−Removed: becoming cloud-native, connecting anything and extending capabilities quickly with multi-tenant SaaS applications and services.
−Removed: Invest in AI.
−Removed: We believe that customers are seeking practical AI and OpenText is in a strong position to help customers discover the most prevailing use cases that leverage an interconnected source of all data types (content, business network, customer experience, IT service management, application development, asset management, IoT, etc.).
−Removed: We believe one of the greatest opportunities is to help customers leverage their operational and experience data with generative AI to discover new insights for efficiency and competitive advantages.
−Removed: We strive to co-innovate with customers by taking the proven concept of machine learning and applying it to their organizational needs.
−Removed: Broaden Global Presence .
−Removed: As customers become increasingly multi-national and as international markets continue to adopt Information Management solutions, we plan to further grow our brand, presence and partner networks in these new markets.
−Removed: We are focused on using our direct sales for targeting existing G10K customers and plan to address new geographies and SMB customers, jointly with our partners.
−Removed: Broaden Our Information Management Reach into the G10K.
−Removed: As technologies and customers become more sophisticated, we intend to be a leader in expanding the definition of traditional market sectors.
−Removed: We continue to expand our direct sales coverage of the G10K as we focus on connecting this marquee customer base to our information platform.
−Removed: Deepen Existing Customer Footprint .
−Removed: We believe one of our greatest opportunities is to sell newly developed or acquired technologies to our existing customer base, and cross-sell historical OpenText products to newly acquired customers.
−Removed: We have significant expertise in a number of industry sectors and aim to increase our customer penetration based on our strong credentials.
−Removed: We are particularly focused on circumstances where the customer is looking to consolidate multiple vendors with solutions from a single source while addressing a broader spectrum of business problems or equally new or existing customers looking to take a more holistic approach to digital transformation.
−Removed: Invest in Technology Leadership.
−Removed: We believe we are well-positioned to develop additional innovative solutions to address the evolving market.
−Removed: We plan to continue investing in technology innovation by funding internal development, acquiring complementary technologies and collaborating with third-parties.
−Removed: Deepen Strategic Partnerships.
−Removed: OpenText is committed culturally, programmatically and strategically to be a partner-embracing company.
−Removed: Our partnerships with companies such as SAP SE, Google Cloud, AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation and others serve as examples of how we are working together with our partners to create next-generation Information Management solutions and deliver them to market.
−Removed: We will continue to look for ways to create more customer value from our strategic partnerships.
−Removed: Deliver Organic Growth.
−Removed: We are focused on investing and delivering on organic growth.
−Removed: The Information Management market is large and is expected to continue to grow and we expect cloud to be our leading growth driver.
−Removed: We have multiple initiatives that are designed to deliver organic growth including;
−Removed: guiding our customers along their cloud journey, investing in our mid-market channel and deepening our relationships with our partners and hyperscalers.
−Removed: As customers move into the cloud, it will facilitate cross-sell and upsell opportunities across the product portfolio and geographies.
−Removed: Strategically Pursue Acquisitions.
−Removed: We expect to continue to pursue strategic acquisitions to strengthen our product offerings in the Information Management market.
−Removed: Considering the continually evolving marketplace in which we operate, we regularly evaluate acquisition opportunities within the Information Management market and at any time may be in various stages of discussions with respect to such opportunities.
−Removed: We plan to continue to pursue acquisitions that complement our existing business, represent a strong strategic fit and are consistent with our overall growth strategy and disciplined financial management.
−Removed: We may also target future acquisitions to expand or add functionality and capabilities to our existing portfolio of solutions, as well as add new solutions to our portfolio.
−Removed: Return of Capital.
−Removed: Following the AMC Divestiture, we announced our share repurchase plan pursuant to which we intend to repurchase our common shares for cancellation, reflecting our confidence in our operational execution, expanding cash flows and our continued commitment to returning capital to our shareholders via dividends and repurchase of common shares.
−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities — Share Repurchase Plan / Normal Course Issuer Bid.
Human Capital
Our Global Footprint
−Removed: Our ability to attract, retain and engage a diverse workforce committed to innovation, operational excellence and the OpenText mission and values across our global footprint is a cornerstone to our success.
−Removed: As of June 30, 2024, we employed a total of approximately 22,900 individuals, of which 8,300 or 36% are in the Americas, 5,000 or 22% are in EMEA and 9,600 or 42% are in Asia Pacific.
+Added: Our ability to attract, retain and engage a highly skilled workforce committed to innovation, operational excellence and the OpenText mission and values across our global footprint is a cornerstone to our success.
+Added: As of June 30, 2025, we employed a total of approximately 21,400 individuals, of which approximately 7,100 or 33% are in the Americas, 4,700 or 22% are in EMEA (as defined below) and 9,600 or 45% are in Asia Pacific.
Currently, we have employees in 42 countries enabling strong access to multiple talent pools while ensuring reach and proximity to our customers.
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In certain jurisdictions, where it is customary to do so, a “Workers’ Council” or professional union represents our employees.
−Removed: Employee Engagement
−Removed: We regularly conduct employee research to understand perceptions in the areas of engagement, company strategy, company mission and values, personal impact, manager effectiveness, recognition, career development and equity, diversity and inclusion.
+Added: Employee Engagement, Culture and Values
+Added: We have high employee retention levels, and we actively monitor voluntary attrition to ensure we retain our key talent.
+Added: We also regularly conduct employee research to understand perceptions in the areas of engagement, company strategy, company mission, personal impact, manager effectiveness, recognition, career development and values.
Participation level and engagement have remained high.
−Removed: This has enabled us to listen to employees through the phases of the global health pandemic, our return to office, as well as the post-integration perspective of employees following major acquisitions, including the acquisition of Micro Focus.
−Removed: Additional surveys and listening, including feedback from new hires through onboarding surveys, inform our communication and engagement plan to ensure we create meaningful experiences and support higher productivity and engagement.
−Removed: Environmental, Social and Corporate Governance
−Removed: The OpenText Zero-In Initiative is our commitment to our global impact goals and initiatives related to ESG.
−Removed: We believe the future of growth is sustainable and inclusive, and we commit to zero footprint, zero barriers and achieving our commitments with zero compromise through our purposeful goals to achieve net-zero greenhouse gas (GHG) emissions by 2040, zero waste from operations by 2030 and to be majority ethnically diverse among employees by 2030 with equal gender representation in key roles and 40% women in leadership positions at all management levels.
−Removed: Our charitable giving program supports activities at the local and global level, focused on education, innovation, disaster relief and the health and welfare of children and families.
−Removed: We also provide employees three paid days off to volunteer and make an impact to the causes that matter most to them.
−Removed: In addition, we launched the Navigator Internship Program to create pathways to digital jobs for Indigenous and under-represented minority students.
+Added: Additional surveys and listening, including feedback from new hires through onboarding surveys as well as regular monitoring of employee retention inform our communication and engagement plan to ensure we create meaningful experiences and support higher productivity and engagement.
+Added: Our organizational culture is rooted in the OpenText Way – the business values that guide how we operate.
+Added: We know that Great People make Great Software.
+Added: Great people write great software through design that is oriented on their Values :
+Added: (1) Puts customers first;
+Added: (2) Tackles challenges head on;
+Added: (3) Innovates;
+Added: (4) Helps teams succeed;
+Added: (5) Cares about people;
+Added: and (6) Acts ethically.
+Added: Our human resource programs and how we operate are informed by these values.
+Added: Governance and Impact
+Added: Our global impact goals and initiatives are rooted in the OpenText Way – we lean into the strength and foundation of our core values to move us forward.
+Added: We are committed to our role as a responsible corporate citizen and to delivering the greatest value and impact while complying with all regulatory requirements.
+Added: Our charitable giving program supports activities at the local and global level, focused on health, education, innovation, and disaster relief.
+Added: By investing in the communities where our employees live and work, we facilitate our employees to help create global impact.
+Added: We provide employees three paid days off to volunteer to support causes that matter most to them.
To operate long-term, we need to ensure that our local communities and the natural environment are thriving.
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Our Environmental Policy articulates our commitment to measuring and managing our environmental impact.
−Removed: We integrate the consideration of environmental concerns and impacts into our everyday decision making and business activities.
−Removed: Externally, we promote sustainable consumption by developing and promoting environmentally sound technologies to support our customers’ digital transformations, including transitioning to the cloud environment.
−Removed: Internally, we continue to develop, implement and manage company-wide environmental initiatives.
−Removed: See “Increased attention from shareholders, customers and other key relationships regarding our CSR and ESG practices and increased regulatory scrutiny of CSR and ESG practices and related disclosures could impact our business activities, financial performance and reputation” in Part I, Item 1A “Risk Factors” included elsewhere within this Annual Report on Form 10-K.
−Removed: Equity, Diversity and Inclusion (ED&I)
−Removed: We are passionate about creating an inclusive environment where skilled and diverse employees thrive, deliver compelling innovations to our customers and provide shareholder value.
−Removed: We are committed to increasing equity in opportunity for all employees regardless of race, gender, sexual orientation, religion or other differences.
−Removed: At OpenText, we have established a global Equity, Diversity and Inclusion steering committee to guide ED&I strategy and initiatives.
−Removed: We bring our ambition to life through project teams made of employees who come together to recommend policies, programs and initiatives across a range of topics.
−Removed: These teams are leading global initiatives with local impact, which include:
−Removed: For employees and managers on matters such as inclusive leadership practices and diversity awareness;
−Removed: • Recruiting:
−Removed: Platforms that are inclusive, diverse slates for key leadership roles and an increased focus on virtual work opportunities to widen recruiting talent and diversity;
−Removed: • Advancement:
−Removed: Internal career building opportunities, mentoring and networks;
−Removed: Employee networks, including “Black Empowerment & Excellence” and “Worldwide OpenText Women,” fostering sponsorship, community and career conversations;
−Removed: • Civic Action:
−Removed: Focusing an ED&I lens on community outreach and engagement.
+Added: See “Increasing corporate citizenship expectations, regulatory complexity, and disclosure obligations may negatively impact our business, financial performance, and reputation” in Part I, Item 1A “Risk Factors” included elsewhere within this Annual Report on Form 10-K.
Compensation and Benefits
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Across the Company, we offer a wide variety of retirement and group benefits including medical, life and disability, which are designed to protect employees and their dependents against financial hardship due to illness or injury.
−Removed: Programs are designed to recognize the diversity of our work force and a range of well-being needs.
−Removed: We also have regional Employee Assistance Programs in many countries that provide 24/7 confidential counselling, support and access to resources for employees and their families.
+Added: Programs are designed to recognize the global breadth of our work force and a range of well-being needs.
+Added: We also have regional Employee Assistance
+Added: Tab le of C ontents
+Added: Programs in many countries that provide 24/7 confidential counselling, support and access to resources for employees and their families.
The OpenText Employee Stock Purchase Plan (ESPP) is a global benefit program that allows all eligible employees to purchase OpenText shares at a 15% discount and provides the opportunity for employees to strengthen their ownership in the Company while enjoying the benefits of potential share price appreciation.
−Removed: Internal equity is a cornerstone of our goals.
−Removed: Our pay programs are carefully designed and governed, from hiring practices to consistency in progression rates for common roles.
+Added: Merit-based performance management is a cornerstone of our goals.
+Added: Our pay programs are carefully designed and governed, from hiring practices to consistency in progression rates based on performance.
In designing variable pay for performance awards, we focus only on measurable outcomes rather than subjective measures.
−Removed: This ensures true equity in opportunity and awards tied to business results.
+Added: This ensures consistent growth opportunities and awards tied to business results.
Employee Education, Training and Compliance
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We have designed the education reimbursement program to meet the needs of all personalized development goals through programs that range from technical to business skills.
−Removed: As part of our commitment to the highest standards of conduct, all employees and contractors participate in an annual formal Compliance and Data Security Training, including Code of Business Conduct and Ethics, Responsible Business Practices, Data Protection, Global Data Privacy Practices, Protecting Information and Preventing Sexual Harassment Training.
+Added: As part of our commitment to the highest standards of conduct, all employees and contractors participate in an annual formal Compliance and Data Security Training, including Code of Business Conduct and Ethics (Ethics Code), Responsible Business Practices, Data Protection, Responsible use of AI, Global Data Privacy Practices, Protecting Information and Preventing Sexual Harassment Training.
These compliance programs ensure that we operate our business with integrity, following standard business ethics across the globe.
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Unless otherwise specified, such information is not incorporated into, or deemed to be a part of, our Annual Report on Form 10-K or in any other report or document we file with the SEC under the Securities Act, the Exchange Act or under applicable Canadian securities laws.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.