Covisint Corporation
COVS
NASDAQ2.45
USD
+0.03
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Covisint Corporation
COVS
(NASDAQ)
Recent
price
2.45
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Covisint Corporation, a provider of cloud-based platforms for identity management, Internet of Things (IoT) applications, and connected supply chain solutions, operates as part of OpenText Business Network following its acquisition by OpenText in 2017 for $103 million; the company offers secure collaboration tools including single sign-on, delegated administration, web content management, and B2B connectivity supporting over 85,000 organizations and $4 billion in annual ecommerce transactions. Founded in 2000 as a consortium led by General Motors, Ford, and DaimlerChrysler to streamline automotive supply chains, Covisint delivers Platform as a Service (PaaS) capabilities for identifying, authenticating, and connecting users, devices, applications, and data across industries such as automotive, healthcare, oil and gas, government, and financial services; its solutions encompass IoT enablement, identity and access management (IdM), electronic data interchange (EDI), and ecosystem management tools like OpenText Magellan BI & Reporting and Core Share for collaboration. Headquartered in Southfield, Michigan, with additional offices in San Francisco, Shanghai, Coventry, and Frankfurt, Covisint supports global operations connecting more than 212,000 business partners. The company's most significant recent development remains its full integration into OpenText, enhancing enterprise information management with cloud IoT and supply chain functionalities; previously spun off from Compuware in 2014 and publicly traded under ticker COVS until delisting post-acquisition, Covisint continues to power automotive exchanges and digital ecosystems without reported major new partnerships, funding, or product launches in recent years.