Valuation
$3B
2024 Revenue
$4.6B
Customers
100K
Funding
$0
Avg ACV
$46K
Team
24.5K
Profits
$1
Churn
10%
How OpenText CEO Mark Barrenechea grew 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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | OpenText Hit $4.6b revenue in December 2024Source | |
| 2020 | OpenText Hit $1b revenue in August 2020 | |
| 1991 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
OpenText serves 100K customers.
OpenText Employees & Team Size
OpenText employs approximately 24.5K people as of 2026, up from 10K in 2020. It serves 100K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 24.5K employees (December 2024) |
| 2020 | Reached 10K employees (August 2020) |
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.
Compare OpenText to the industry
OpenText operates across multiple industries. Browse revenue, funding, and growth data for OpenText in each sector below.
- Endpoint Protection Suites
- File Analysis Software
- File Recovery Software
- Interactive Application Security Testing (IAST) Software
- Legal Hold Software
- Online Fax Software
- Project and Portfolio Management Software
- Server Backup Software
- Other Collaboration Software
- Text Analysis Software
- Other Analytics Software
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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