OpenText launches Magellan, an AI platform aimed at IBM's Watson ZDNet

OpenText is launching an artificial intelligence platform called Magellan that hopes to use the company's knowhow with unstructured and semi-structured data and open source to compete with the likes of IBM Watson. At EnterpriseWorld, OpenText's conference in Toronto, the company outlined its artificial intelligence and machine learning platform. OpenText focuses on enterprise information management and has a portfolio that extends into content management for industries, customer experience, and data discovery. In January, OpenText completed the purchase of Dell-EMC's enterprise content unit, which includes Documentum. For the third quarter, Open Text reported revenue of $593 million, up 35 percent from a year ago.