Company:Covisint
 | |
| Type | Subsidiary |
|---|---|
| NASDAQ: COVS | |
| Industry | Information Technology |
| Founded | 2000 |
| Headquarters | Southfield, Michigan, United States |
Key people | Sam Inman, CEO |
Number of employees | 180+ (2015) |
| Parent | OpenText |
| Website | www.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.[citation needed] Covisint has offices in Southfield, San Francisco , Shanghai, Coventry and Frankfurt.
References
- ↑ Pender, Terry (2017-06-06). "OpenText buys cloud computing firm for US$103 million | TheRecord.com" (in en-CA). TheRecord.com. https://www.therecord.com/news-story/7356536-opentext-buys-cloud-computing-firm-for-us-103-million/.
- ↑ OpenText Buys Covisint
- ↑ Sinclair, Norm (2016-11-28). "From the Rafters to the Cloud" (in en-US). https://www.dbusiness.com/business-features/from-the-rafters-to-the-cloud/.
- ↑ "Automotive Portals - Covisint". https://portal.covisint.com/web/103853/2.
- ↑ Copeland, Lee (2001-12-17). "Covisint's Stalled Start" (in en). https://www.computerworld.com/article/2586638/covisint-s-stalled-start.html.
- ↑ "Compuware to acquire Covisint B2B exchange". http://www.networkworld.com/news/2004/0205covisint.html.
- ↑ "Covisint Spin-Off From Compuware Completed". http://investors.covisint.com/releasedetail.cfm?releaseid=879859.
External links
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