Covisint was an American
information technology
Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system ...
company that was purchased by
OpenText, a Canadian company for US$103 million in July, 2017. Th
OpenText Business Networkmission 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. General Motors was joined by
Ford, and
DaimlerChrysler
The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufactur ...
to create a single B2B Supplier Exchange in 2000. They were also joined by Nissan, Renault and Peugeot as participants. In February 2004,
Compuware Corporation acquired Covisint. Compuware completed a
spin-off
Spin-off may refer to:
*Spin-off (media), a media work derived from an existing work
*Corporate spin-off, a type of corporate action that forms a new company or entity
* Government spin-off, civilian goods which are the result of military or gove ...
of Covisint on October 31, 2014. Covisint was fully independent of Compuware until its purchase by OpenText.
Initially focused in the automotive industry, they have expanded into the healthcare, oil and gas, government, and financial services. Covisint has offices in Southfield,
San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
,
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
, Coventry and
Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its ...
.
References
External links
Official site
Software companies based in Michigan
Companies based in Southfield, Michigan
Software companies established in 2000
Companies formerly listed on the Nasdaq
2013 initial public offerings
2017 mergers and acquisitions
Corporate spin-offs
American subsidiaries of foreign companies
Software companies of the United States
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