Open Text Corporation

OpenText Corporation is a Canadian technology firm founded in 1991, specializing in enterprise information management solutions such as OpenText Content Suite and Business Network. The company operates on a recurring revenue model based on subscriptions, licensing, and professional services, targeting a global enterprise customer base. Under the leadership of CEO Mark J. Barrenechea, OpenText has established significant market share by continuously innovating through cloud-based and AI-enhanced offerings. Its strategic focus on digital transformation and targeted acquisitions positions it well for future growth.

During the year ended June 30, 2025, OpenText repurchased and cancelled 14,524,664 Common Shares for $418.3 million, inclusive of 2% Canadian excise taxes recorded, under the Fiscal 2025 Repurchase Plan (year ended June 30, 2024 and 2023 - 5,073,913 and nil Common Shares for $152.3 million and nil, respectively). The Fiscal 2025 Repurchase Plan was authorized by the Board on July 31, 2024 for up to an aggregate of $300 million of Common Shares over the 12-month period commencing August 7, 2024 until August 6, 2025, and was increased by $150 million to $450 million on March 13, 2025, at which time the Company also established an automatic share purchase plan (ASPP). Purchases are made on the TSX (as part of a normal course issuer bid) and the NASDAQ and/or alternative trading systems, effected in accordance with Rule 10b-18. As of June 30, 2025, the maximum number of shares that may yet be purchased under the plan was 6,654,400. On August 6, 2025, the Company renewed its share repurchase plan (the Fiscal 2026 Repurchase Plan) and its normal course issuer bid (the Fiscal 2026 NCIB), pursuant to which it may purchase for cancellation up to an aggregate of $300 million of Common Shares over the 12-month period commencing August 12, 2025 until August 11, 2026.