This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

OpenText Appoints James Mackey As Senior Vice President Of Corporate Development

Former SAP Executive to Accelerate OpenText's Growth

WATERLOO, ON, Oct. 11, 2012 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), a leading provider of Enterprise Information Management (EIM) software, today announced that industry veteran James Mackey has joined the company as Senior Vice President of Corporate Development.

In this role, Mackey will be responsible for OpenText's strategic planning and acquisitions aimed at driving the company's expansion in the global Enterprise Information Management (EIM) market, which is projected to reach $19 billion in the next four years. As a member of OpenText's Executive Leadership Team, Mackey will report directly to OpenText President and CEO, Mark J. Barrenechea.

"Jim is an exceptional addition to our executive team and I am very pleased to welcome him to OpenText," said Barrenechea. "With his proven track record of generating and executing corporate development and acquisition plans that drive growth, earnings and value creation, Jim is an ideal choice to lead Corporate Development. I look forward to his ideas and contributions at OpenText."

"It is a privilege to join Mark and the OpenText team in driving the growth of EIM solutions that help customers unleash the power of their information," said Mackey. "OpenText is a clear leader in this fast growing market and I am eager to apply my experience to ensure that strategic growth initiatives extend that leadership."

Mackey has spent most of his career executing highly successful corporate strategies and acquisitions that drive revenue growth. Most recently, Mackey lead corporate development efforts at SAP AG, where he developed and lead the company's global merger and acquisitions group. He was instrumental in expanding SAP's vision and footprint by investing in market-leading technologies that enabled SAP to expand into new markets. Under his leadership, SAP completed more than 40 acquisitions, including three of the largest software acquisitions in the last five years (the $5.9 billion purchase of Sybase, the $6.7 billion purchase of Business Objects and last year's $3.6 billion acquisition of SuccessFactors).

An attorney and public accountant by training, Mackey has also held several positions as Corporate Legal Counsel providing advice on mergers and acquisitions and securities matters.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.58 +111.07 0.63%
S&P 500 2,075.69 +12.58 0.61%
NASDAQ 5,015.9290 +29.0620 0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs