Open Text

Based in Waterloo, Open Text is widely regarded as one of Canada's flagship technology operators. Its scale — about 24k people, around $5B in turnover — translates into genuine strategic weight across North America.

Recent strategic moves point to a deliberate pivot toward higher-margin segments, where pricing power and brand equity matter more than pure volume.

“Open Text is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Capital markets have started to price in the durability of the model, and rating agencies have followed.