Latka logo

How OpenText CEO Mark Barrenechea grew OpenText to $4.6B revenue and 100K customers in 2024.

OpenText software applications manage content or unstructured data for large companies, government agencies, and professional service firms.

Last updated

OpenText Revenue

In 2024, OpenText's revenue reached $4.6B. The company previously reported $1B in 2020. Since its launch in 1991, OpenText has shown consistent revenue growth.

OpenText Revenue GrowthReported revenue / ARR by year$0$1B$2B$3B$4B$5B199119931995199719992001200320052007200920112013201520172019202120232024$0$1B$5BSource: GetLatka.com
YearMilestone
2024OpenText Hit $4.6b revenue in December 2024Source
2020OpenText Hit $1b revenue in August 2020
1991Launched with $0 revenue

OpenText Valuation, Funding Rounds

OpenText's most recent disclosed valuation is $3B.

OpenText is a bootstrapped Digital Accessibility Platforms startup. Founded in 1991, OpenText has grown to $4.6B in revenue without raising any venture capital or outside funding.

As a self-funded Digital Accessibility Platforms SaaS company, OpenText has built its business with no outside investment.

OpenText Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$119911991 cumulative: $0 • 1991 Founded: $01991 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

OpenText Employees & Team Size

OpenText employs approximately 24.5K people as of 2026, up from 10K in 2020.

OpenText has 24.5K total employees in different roles and functions. They have 100K customers that rely on the company's solutions.

OpenText Team GrowthReported headcount over time06,00012,00018,00024,00030,0001991199319951997199920012003200520072009201120132015201720192021202320240010,00010,00024,50024,500Source: GetLatka.com
YearMilestone
2024Reached 24.5K employees (December 2024)
2020Reached 10K employees (August 2020)

Founder / CEO

Mark Barrenechea

Mark Barrenechea is listed as Founder / CEO at OpenText.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

See how OpenText acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.

Locked

Frequently Asked Questions about OpenText

What is OpenText's revenue?

OpenText generates $4.6B in revenue.

Who founded OpenText?

OpenText was founded by Mark Barrenechea.

Who is the CEO of OpenText?

The CEO of OpenText is Mark Barrenechea.

How much funding does OpenText have?

OpenText raised $0.

How many employees does OpenText have?

OpenText has 24.5K employees.

Where is OpenText headquarters?

OpenText is headquartered in Canada.

People Also Viewed

Canva logo

Canva

Canva Pty Ltd is the company that owns canva.com. It is a privately-held graphic design and visual communication platform based in Sydney, Australia, that provides a wide range of design tools and templates for creating various types of content such as presentations, social media graphics, posters, and more. The company was founded in 2012 by Melanie Perkins, Cliff Obrecht, and Cameron Adams and has since grown to over 50 million users across 190 countries. Canva has raised over $500 million in funding from investors including Blackbird Ventures, Sequoia Capital, and General Catalyst. Canva is used by individuals, small businesses, and large organizations alike to create professional-looking designs quickly and easily.

Databricks logo

Databricks

Databricks is a cloud-based data engineering, data science, and machine learning platform that provides tools for managing and processing large-scale data. The platform offers features such as data integration, automated data engineering, and collaborative notebook-based development, enabling businesses to streamline their data processing workflows and accelerate their time-to-insights. With Databricks, businesses can leverage machine learning and artificial intelligence to drive business outcomes and make data-driven decisions. The platform also offers integrations with popular data sources and visualization tools, enabling businesses to gain insights from their data and create custom reports and dashboards.

Judi Health logo

Judi Health

Judi Health is a health technology company providing a comprehensive suite of solutions for employers and health plans, including pharmacy benefit management solutions.

Bolt Technology logo

Bolt Technology

Bolt Technology OU is an Estonian-based transportation platform. Bolt offers a range of ride-hailing, micromobility, and food delivery services in over 45 countries across Europe, Africa, and other parts of the world. The company was founded in 2013 by Markus Villig and has since become one of the fastest-growing transportation companies in the world, with over 75 million customers and more than 2 million drivers using the platform. Bolt's mission is to make urban transportation more affordable, convenient, and sustainable through the use of technology.

Xiaohongshu logo

Xiaohongshu

Xiaohongshu is a lifestyle platform that allows users to share shopping experiences through text, images, and videos. It operates in the social media and e-commerce sectors.

Anthropic logo

Anthropic

We're an AI research company that builds reliable, interpretable, and steerable AI systems. Our first product is Claude, an AI assistant for tasks at any scale. Our research interests span multiple areas including natural language, human feedback, scaling laws, reinforcement learning, code generation, and interpretability.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .