Covisint

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".

Covisint

Company type	Subsidiary
Traded as	Nasdaq: COVS
Industry	Information Technology
Founded	2000; 25 years ago (2000)
Headquarters	Southfield, Michigan, U.S.
Key people	Sam Inman (CEO)
Number of employees	180+ (2015)
Parent	OpenText
Website	www.covisint.com

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.