Open Text Becomes Executive Member of ASP Industry Consortium
Open Text plans to raise awareness of the ASP model as an efficient and cost-effective method of collaborative commerce
Waterloo, ON - 2000-11-16 - Open Text Corporation (Nasdaq: OTEX, TSE: OTC), a worldwide leader of collaborative commerce software for e-business, today announced that it has joined the Application Service Provider (ASP) Industry Consortium as an executive member.
Comprising over 700 members in 28 countries worldwide, the ASP Industry Consortium is an international advocacy group designed to promote the ASP industry and its dealings by sponsoring research, fostering open industry standards, establishing guidelines, encouraging best practices and communicating the measurable benefits of the ASP delivery model.
Open Text s executive membership in the ASP Industry Consortium reflects the Company s commitment to promoting and supporting the value of the hosted solution, said Andrew Pery, Vice President of Global Marketing, Open Text. ASPs offer enterprises cost effective means to support their own e-business initiatives without incurring the responsibility of ownership. Additionally, with Livelink as an ASP offering, organizations can now transform their e-business solutions into dynamic collaborative commerce applications.
In April of 2000, Open Text announced the formation of its Affinity ASP program, an initiative designed to extend the Company s market reach by establishing a network of ASP partners around the globe.
Open Text s Livelink is ideally suited for the ASP delivery model because it is entirely Web-based and can be deployed rapidly, said Steve McClure, a Research Vice President at IDC. By establishing itself as a key player in the ASP arena, Open Text will have the opportunity to broaden its market reach, offering small and medium sized businesses access to Livelink s collaborative capabilities to improve business relationships in a secure, neutral environment.
About ASP Industry
An application service provider manages and delivers application capabilities to multiple entities from data centers across a wide area network, giving customers a viable alternative to procuring and implementing complex systems themselves. In some cases, ASPs even provide customers with a comprehensive alternative to building and managing internal information technology operations. ASP customers also are able to control more precisely the total cost of technology ownership through scheduled payment schemes. Though the ASP market is relatively new, computer industry analysts foresee rapid growth and multi-billion-dollar annual sales within the next few years. End users cross industry lines and include anyone from the small office/home office (SOHO) client to large corporations and from complex businesses to specific verticals.
About the ASP Industry Consortium
Founded in May of 1999, the Application Service Provider Industry Consortium is an international advocacy group of more than 675 companies formed to promote the application service provider industry by sponsoring research, promoting best practices, and articulating the measurable benefits of this evolving delivery model. Its goals include educating the marketplace, developing common definitions for the industry, as well as serving as a forum for discussion and sponsoring research. Technology sectors represented in the ASP Industry Consortium membership include Independent Software Vendors (ISVs), Network Service Providers (NSPs), Application Service Providers (ASPs), as well as emerging business models and other sectors supporting the industry. Information on the ASP Industry Consortium - including a full list of member companies - is available at www.allaboutasp.org or by contacting the Consortium's headquarters at: ASP Industry Consortium, Inc., 401 Edgewater Place, Suite 500, Wakefield, Mass. 01880; Tel: 781-246-9321; Fax: 781-224-1239; e-mail info@aspindustry.org.
About Livelink
Livelink is a highly scaleable e-business application. Its richly-featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations, and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser.
About Open Text
Open Text provides collaborative commerce solutions for e-business that enable users to extend and build CRM, SCM and ERP applications and allow them to work together within and across organizations. Open Text has pioneered the development of innovative intranet, extranet and e-business applications. Since creating one of the first search engines to index the World Wide Web, the Company has remained at the forefront of Internet-based technologies. Its solution family called Livelink enables individuals, teams, organizations, and global trading communities to collaborate on e-business applications that facilitate e-commerce and other transactions among Global 2000 organizations. For more information, visit www.opentext.com.
Trademark
Copyright (C) 2000 by Open Text Corporation. Livelink and Open Text are trademarks or registered trademarks of Open Text Corporation. This list is not exhaustive. Other product and company names herein may be trademarks of their respective owners.
Release Disclaimer
This news release may contain forward-looking statements relating to the deployment of Livelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the Company's initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1998, June 30, 1999, and June 30, 2000. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
For more information, please contact
Greg Secord
Open Text Corporation
+1-519-888-7111 ext.2408
gsecord@opentext.com