 | |
| Company type | Subsidiary |
|---|---|
| Nasdaq: COVS | |
| Industry | Information Technology |
| Founded | 2000; 26 years ago (2000) |
| Headquarters | Southfield, Michigan, U.S. |
Key people | Sam Inman (CEO) |
Number of employees | 180+ (2015) |
| Parent | OpenText |
| Website | www |
Covisint was an Americaninformation technology company that was purchased byOpenText, a Canadian company for US$103 million in July, 2017.[1][2] TheOpenText 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 byGeneral Motors to simplify supply chain led by Phil Abraham.[3] General Motors was joined byFord, andDaimlerChrysler[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 aspin-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 andFrankfurt.
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