Waterloo, ON - 2001-07-05 - Open Text Corporation (Nasdaq: OTEX; TSE: OTC), a worldwide leader in collaborative commerce software for e-business, today announced a major milestone demonstrating the continued adoption of its flagship product Livelink® as the collaborative commerce solution platform of choice among enterprises worldwide. Open Text has surpassed 5 million installed Livelink users worldwide, representing more than 4,500 enterprise customers across some of the fastest growing markets for collaborative applications, including financial services, telecommunication, construction, aerospace, military and others.
"Livelink has grown by one million users a year over the last five years," said Tom Jenkins, CEO, Open Text. "This track record of growth is a strong indication of the value created by adopting collaborative technologies that enable knowledge to be shared more effectively between employees, customers, partners and suppliers."
According to International Data Corporation (IDC), an industry analyst research firm, Open Text captured 47% of the global market for team collaborative applications based on revenue in calendar year 2000.
"Demand for team collaborative applications is driven by the need for effective, easy-to-use tools for inter and intra enterprise teams," said Mark Levitt, Research Director at IDC.
"Open Text s Livelink has established itself by focusing on providing customers with collaborative document and content management capabilities that are the core of team collaboration."
Other IDC findings demonstrating the robust growth of the team collaboration market include:
- Open Text has a big jump on the competition based on Livelink sales outside North America that represent nearly 40% of worldwide sales in 2000.
- The market for team collaboration applications in terms of revenue will more than quadruple in size by 2005.
"We agree with IDC's positive outlook for the collaborative applications market and many of the key drivers of this growth, including the importance of real-time functionality and enhancements, that will extend the benefits of collaboration to more communications devices," added Jenkins. "You can look for Open Text to continue to build on its tradition of pioneering collaborative innovations."
Livelink is a highly scalable 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. For more information, visit www.opentext.com/livelink.
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.
Copyright (C) 2001 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.
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, and Form 10-Q for the quarters ended September 30, 2000, December 31, 2000 and March 31, 2001. 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.
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com