Covisint

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
Subsidiary
Traded asNASDAQ: COVS
IndustryInformation Technology
Founded2000 (2000)
HeadquartersSouthfield, Michigan, USA
Key people
Sam Inman, CEO
Number of employees
180+ (2015)
ParentOpenText
Websitewww.covisint.com

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. 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.


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