6 of 10
6. Open Text
Open Text
Fastest-growing rank: 15
Ticker: OTEX

The Canadian company traces its roots to a project at the University of Waterloo in the late 1980s to convert the Oxford English Dictionary's 60 million words into electronic form. Since then, Open Text has become the leader in what's called enterprise content management -- commanding about 20% of the market. Its Livelink software allows businesses and governments to store and track millions of documents, e-mails, and presentations for compliance and other reasons.

For example, the Sarbanes-Oxley accounting rules introduced in 2003 were a boon to Open Text. But analysts are questioning how much growth opportunity is left. Open Text's most profitable segment--licensing its software to businesses--has declined as a percentage of its total sales from 43% in 2002 to 30% in 2008, according to Morningstar analyst Rafael Garcia.

NEXT: Pegasystems

Last updated August 18 2009: 9:36 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Even amid the worst economic slump since the Great Depression, some companies just keep growing. More
Locked in an epic battle with Apple's iPhone, Research in Motion has still grown bigger and more dominant than ever. But the competition is about to get tougher. More
With more than $3 trillion in assets, Larry Fink and his team at BlackRock are the world's largest money managers. And Fink thinks he's just getting going. More