Covisint
TypeSubsidiary
Nasdaq: COVS
IndustryInformation Technology
Founded2000 (2000)
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".

The roots of Covisint were in a program funded by General Motors to simplify supply chain led by Phil Abraham.[3] General Motors was joined by Ford, and DaimlerChrysler[4] to create a single B2B Supplier Exchange in 2000. They were also joined by Nissan, Renault and Peugeot as participants.[5] In February 2004, Compuware Corporation acquired Covisint.[6] Compuware completed a spin-off of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.[7]

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. ↑ Sinclair, Norm (2016-11-28). "From the Rafters to the Cloud". DBusiness Magazine. Retrieved 2021-06-24.
  4. ↑ "Automotive Portals - Covisint". portal.covisint.com. Retrieved 2021-06-24.
  5. ↑ Copeland, Lee (2001-12-17). "Covisint's Stalled Start". Computerworld. Retrieved 2021-06-24.
  6. ↑ "Compuware to acquire Covisint B2B exchange". Archived from the original on 2014-02-02. Retrieved 2013-06-26.
  7. ↑ "Covisint Spin-Off From Compuware Completed". Archived from the original on 2015-06-18. Retrieved 2015-06-17.


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