Livelink Hosted Solution from Open Text to Facilitate Promerus' New Product Development
Chicago, IL - 2002-07-24 - Open Text Corporation (Nasdaq: OTEX, TSX: OTC), provider of Livelink®, the leading collaboration and knowledge management software for the global enterprise, today announced that Promerus LLC selected Livelink to serve as the foundation for its collaborative intranet and extranet. Formerly the Electronic Materials Group of The BFGoodrich Company, Promerus Electronic Materials selected the Livelink hosted solution from Open Text shortly after it was formed as a wholly-owned subsidiary of Sumitomo Bakelite Co., LTD of Japan on August 1, 2001. The company's incorporation resulted in an immediate need to archive existing proprietary company information; enable rapid communication of old and new processes across the whole organization; and enable a structured project environment for collaborative product development.
"With its intuitive browser format, Livelink seemed the ideal application for a new organization, populated with employees with differing computer skill levels, to collaborate globally on its new product development while disseminating information rapidly and serving as a bridge between the old policies and procedures and the new," said Stephanie Adams, Site Administrator, Promerus LLC. "The hosted solution from Open Text eliminates the complexities and financial responsibilities inherent in ownership while delivering real, bottom-line business value with low overhead."
Livelink has already made a significant impact on Promerus' business processes:
Livelink is the leader in collaboration and knowledge management for the global enterprise. 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/.
Formerly the Electronic Materials Division of The BFGoodrich Company, Promerus LLC was formed as a wholly-owned subsidiary of Sumitomo Bakelite Co., LTD of Japan on August 1, 2001. As a new member of the Sumitomo Bakelite Group, Promerus represents a significant new presence in North America for both research and commercial applications related to polycyclic olefins. From its office and laboratories in suburban Cleveland, OH, Promerus is focused on growing its business and serving its customers through the development of advanced cyclic olefin materials for electronic applications. For additional information regarding applications, visit www.promerus.com.
Since 1991, Open Text Corporation has delivered innovative software that brings people together to share knowledge, achieve excellence, deliver innovation, and enhance processes. Its legacy of innovation began with the successful deployment of the world s first search engine technology for the Internet. Today, as the leading global supplier of collaboration and knowledge management software for the enterprise, Open Text supports six million seats across 4,500 corporations in 31 countries and 12 languages throughout the world. As a publicly traded company, Open Text manages and maximizes its resources and relationships to ensure the success of great minds working together. For more information, visit www.opentext.com.
Copyright © 2002 by Open Text Corporation. LIVELINK, LIVELINK MEETINGZONE, and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
This news release may contain forward-looking statements relating to the deployment of Livelink and Livelink MeetingZone 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, June 30, 2000, and June 30, 2001, and Form 10-Q for the quarters ended September 30, 2001, December 31, 2001 and March 31, 2002. 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.
Stephanie Adams
Site Administrator
Promerus LLC
+1-216-447-6270
Stephanie.Adams@promerus.com
Andrew Bell, PhD
Site Administrator
Promerus LLC
+1-216-447-7303
Andrew.Bell@promerus.com
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
Richard Maganini
Open Text Corporation
1-847-961-0662
rmaganin@opentext.com