Innovation intelligence brief
Innovation intelligence brief
Covisint provides the cloud platform of choice for enabling the Internet of Things and identity-centric solutions.
What became of it
Completed · High confidence · Last verified 2026-10-17
As catalogued
Cloud IoT and identity platform from Covisint that connected vehicles, drivers and OEM/dealer systems, providing vehicle data relevant to telematics-based insurance.
2026 reality
Covisint no longer exists as a separate company; covisint.com resolves to an OpenText 'Page not found', and the Connected Vehicle solution page is gone.
Covisint (spun off from Compuware in 2014) was acquired by OpenText for about USD 103 million in July 2017 and folded into OpenText's Business Network/IoT portfolio.
OpenText bought Covisint for its B2B identity and IoT integration capabilities within enterprise information management, not as an insurance play.
no distinct insurance-relevant offering remains; connected-car data for insurers is now supplied by OEM data exchanges and specialised telematics vendors.
Third taxonomy
REVIEW · Verified the OpenText acquisition against OpenText's closing release (26 July 2017, ~USD 103M; added as acquirer source) and dated the milestone precisely. Classifications unchanged.
Documented evidence
Startseite
Graphik
Research interpretation
Classification paths, as catalogued, connect this example to the original insurance digitalization research models.