Former OpenText CEO Mark Barrenechea had also served as the company's chief technology officer. Share Save for later Please log in to bookmark this story. Log In Create Free Account

Open Text Corp. OTEX-T has ousted its long-time chief executive officer Mark Barrenechea and signaled it could sell off parts of the company. That marks a sharp turn for Open Text, one of Canada’s most valuable publicly traded technology companies, which bulked up for years through acquisitions but failed to deliver revenue growth from its existing businesses.

The Waterloo, Ont.-based enterprise software company said in a release before markets opened Monday Mr. Barrenechea had been replaced on an interim basis by international sales executive vice-president James McGourlay and that a

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