yorktech.ca Millions use Open Text software in Canada
yorktech.ca Investing $1 Billion into Innovation Slide 11 $1 Billion for ECM Research 2,000 Developers on average over the next five years Inventing the Future of ECM Open Text ranked 27 th in R&D spending in Canada last year, up from 37th in one year Open Text grew R&D spending by 26%, third fastest growth in Canada last year At current rate of spend and growth, Open Text will rank in the top 20 in corporate R&D spending this year in Canada
yorktech.ca Open Text’s commitment to Ontario University of Waterloo - Stratford Open Text has committed $10 million over 5 years to the University of Waterloo for the creation of the Stratford Institute which will: Building a skills base in Digital Media Multi-discipline curriculum focused on Technology, Business and Creativity Tom Jenkins and Ken Coates, Dean of Arts are the founders of the Stratford Campus $60 Million Canadian Digital Media Network (CDMN) Federal Centre of Excellence for Canada in Digital Media Open Text is one of the Strategic Partners of the CDMN and committed $10 million to the project Tom Jenkins is the Chair of the CDMN. $200 Million
yorktech.ca Open Text’s commitment to Canada The Canada Project Project will “digitize everything in Canada” ensuring all history and culture is properly recorded, protected, accurate, and available for all Canadian citizens. Open Text working closely with the Canadian Federal Government & University of Waterloo to define and implement a national digital media strategy while pioneering unique innovation for Canada. Tom Jenkins is co-lead with Ian Wilson, the national librarian of Canada. $1 Billion (when approved) Canada 3.0 Conference. A national dialogue on the future of digital media amongst all levels of government, academia and the private sector for policy discussions and formulation Assess national capacity in digital media in Canada today and develop collaborative strategies Keynotes include Ministers from MRI, MEDT, Colleges, Industry Canada, Heritage, CEO of RIM, Corus, Christie, Presidents of OCAD, Ryerson, Carleton, UW, CIO of Govt of Canada and Govt of Ontario 700 participants Tom Jenkins is Chair of the Conference $50 Million
yorktech.ca How Did Open Text Get Here? History Strategy Decisions Managing Growth Operations Decisions
yorktech.ca The Original “Google” Jerry Yang CEO of Yahoo and Tom Jenkins CEO of Open Text launch in 1995 Open Text provided the web search for MSN, MCI, Yahoo, IBM, etc. Open Text Index was one of the most used web pages in early 90s. Open Text moved into corporate search Today it is a billion dollar company with 4,000 employees
yorktech.ca Open Text History – A Canadian Story Started in Waterloo, Canada 1991 Put Oxford Dictionary online in 1991 1st Internet search engine in 1994 1st Yahoo search engine in 1995 1 st Java based workflow in 1996 1 st ECM Netscape product in 1997 Acquired Hummingbird in 2006 Largest ECM Vendor in 2007 Exceed $1 Billion in 2009
yorktech.ca The boy rode on the donkey and the old man walked. As they went along, they passed some people who remarked, "it was a shame the old man was walking and the boy was riding". The man and boy thought maybe the critics were right so they changed positions. Later, they passed some people that remarked, "What a shame, he makes that little boy walk." They decided they both would walk! Soon they passed some more people who thought they were stupid to walk when they had a decent donkey to ride. So they both rode the donkey! Now they passed some people that shamed them by saying "how awful to put such a load on a poor donkey". The boy and man said they were probably right so they decided to carry the donkey. As they crossed a bridge, they lost their grip on the animal and he fell into the river and drowned. Management Lesson Management Lesson: If you try to please everyone, you will eventually lose your ass.
yorktech.ca Hyper Growth at Open Text 50% 70% Compounded over 12 years (6,000% from startup)
yorktech.ca Hyper Growth – Management Team What happened to that great Exec team? A manager of 10 is not good with 100. But… You can’t manage 10 with a 100 manager! The more successful mgt is…. the more they put themselves out of a job! Prep them from day one…. Move over or leave the company. Requires CONSTANT attention! Most Important thing to watch of all growth factors
yorktech.ca Staff Growth2004 3,000 staff Single Office Multi Office Divisional 10 staff 100 staff
yorktech.ca Management Lesson A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long? The crow answered: "Sure, why not. So, the rabbit sat on the ground below the crow, and rested. All of a sudden, a fox appeared, jumped on the rabbit and ate it. Management Lesson: To be sitting and doing nothing, you must be sitting very, very high up.