OpenText deepens partnership with Google Cloud for AI and data security

WATERLOO, Ontario - OpenText (NASDAQ/TSX:OTEX) announced Wednesday an expanded partnership with Google Cloud focused on artificial intelligence, data privacy, and sovereign cloud infrastructure solutions. The enterprise information management company, currently valued at $8.17 billion with impressive gross profit margins of 76.09%, continues to seek growth opportunities through strategic partnerships.

The collaboration will integrate Google's Gemini models and Vertex AI into OpenText's enterprise information management systems to create new AI applications. The partnership will deliver a suite of intelligent agents in Gemini Enterprise targeting industries including insurance, financial services, and retail, according to the company's press release.

"Our partnership with Google Cloud is rooted in co-innovation," said Sandy Ono, EVP & Chief Marketing Officer at OpenText.

The companies are also introducing a new data protection solution for the retail sector that combines OpenText's Data Privacy and Protection (Voltage) platform with Google BigQuery. This offering aims to provide encryption and data protection for sensitive information at rest, in transit, and when used in AI models.

Additionally, OpenText's Private Cloud offerings will now integrate with Google Cloud's Sovereign Cloud solutions to help organizations in regulated industries meet compliance requirements while maintaining control over data storage and processing.

"OpenText's commitment to sovereign cloud and sovereign AI is unwavering," said Shannon Bell, EVP & Chief Digital Officer at OpenText.

Sam Sebastian, Vice President of North America Regions at Google Cloud, stated that the company's approach to digital sovereignty "balances innovation with control, choice, and security."

The partnership focuses on delivering secure, compliant environments for AI innovation across global regions, according to the press release.

In other recent news, OpenText reported its Q1 2026 earnings, surpassing analysts' expectations with an adjusted earnings per share of $1.05, compared to the projected $0.99. The company also reported revenue of $1.29 billion, slightly exceeding the anticipated $1.27 billion. Jefferies raised its price target for OpenText to $35 from $33, maintaining a Hold rating, highlighting a 6% year-over-year growth in cloud revenue, which exceeded the fiscal year 2026 midpoint guidance of 3.5%. Additionally, OpenText introduced its AI Data Platform, aimed at enhancing secure and scalable enterprise data management for artificial intelligence applications. The platform combines data management with AI functionality to address enterprise challenges, according to a company press release. Furthermore, OpenText announced that its Core Content Management for SAP solutions has received certification for SAP S/4HANA Cloud Public Edition. This certification establishes OpenText as an SAP Solution Extensions partner, supporting SAP Cloud ERP. These recent developments reflect OpenText's ongoing efforts to expand and enhance its technological offerings and partnerships.

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