Covisint
| Company type | Private (formerly public) |
|---|---|
| Industry | Information technology |
| Founded | 2000 |
| Founder | Phil Abraham (project leader) |
| Fate | Acquired by OpenText |
| Successor | OpenText Business Network |
| Headquarters | Southfield , United States |
Area served | Automotive, healthcare, oil and gas, government, financial services |
Covisint was a U.S.-based information technology firm that was purchased by the Canadian corporation OpenText for $103 million in July 2017. Following the acquisition, OpenText incorporated Covisint into its Business Network, which is designed to facilitate secure data exchange among individuals, systems, and devices, thereby delivering a strategic informational edge.
The inception of Covisint traces back to a project initiated by General Motors and led by Phil Abraham with the goal of optimizing supply chain operations. Alongside GM, companies such as Ford, DaimlerChrysler, Nissan, Renault, and Peugeot collaborated in 2000 to create a consolidated B2B Supplier Exchange platform. In February 2004, Covisint was acquired by Compuware Corporation, which later spun it off as an independent company on October 31, 2014, prior to its eventual purchase by OpenText.
Originally focused on serving the automotive industry, Covisint later broadened its reach to sectors including healthcare, oil and gas, government, and financial services. The organization maintained offices in locations such as Southfield, San Francisco, Shanghai, Coventry, and Frankfurt.