Company:Covisint

From HandWiki
Covisint
TypeSubsidiary
NASDAQ: COVS
IndustryInformation Technology
Founded2000; 24 years ago (2000)
HeadquartersSouthfield, Michigan, United States
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.[citation needed] Covisint has offices in Southfield, San Francisco , Shanghai, Coventry and Frankfurt.

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