NERA Consolidates Document Collection With Open Text Library Management Solution
Centralizes Enterprise Wide Control and Access to Nine Disparate Libraries
Chicago, Il - 2003-06-05 - Open Text Corporation (Nasdaq: OTEX, TSX: OTC), today announced that the National Economic Research Associates (NERA), a Marsh & McLennan Company, has implemented a library management solution from Open Text to consolidate the information holdings of nine distributed NERA libraries. The enterprise wide solution based on Techlib addresses document control as well as traditional library management functions.
Marsh has provided a great deal of support for leveraging digital document management functionality at NERA, said Jim Berkise, Project Manager for the NERA Global Catalogue. As we continue to build NERA s principal source for expert resource materials and evidentiary content, we anticipate our efforts to integrate links to commercial databases and mass document collections through the Open Text library management solution will serve as the foundation for NERA s knowledge management initiative.
NERA, a leading international firm of consulting economists, focuses on the practical application of economics to solve complex business and legal issues. Operating with 500 professionals in 16 offices worldwide, NERA provides research on a variety of economic policy topics. NERA s efforts and expertise provide objective analysis that is often applied in making complex legal decisions.
Using the Open Text solution NERA has integrated library holdings across nine geographically dispersed locations. Automated library services to these holdings enhance collaboration between locations and unify control over research collections, thereby improving consultants access to valuable research.
NERA has realized a number of benefits by consolidating access to physical resources, digital collections and commercial databases:
- Established a single initial point of entry for accessing enterprise information resources.
- Provided integrated access to research document collections and print collections in nine libraries to the entire organization for the first time.
- Automated traditional library services to facilitate sharing and optimize NERA s investment in print collections anticipates a 25% reduction in journal subscriptions.
As a means for making the most of knowledge assets, it is important to put into place solutions for managing content that is kept permanently and accessed often, said Mike Farrell, Executive Vice President of Global Sales & Marketing, Open Text. For organizations such as NERA, the ability to collaborate and draw on relevant documentation can play a significant part in supporting litigation and other business critical efforts.
About NERA
NERA (www.nera.com)is a leading global economic consulting firm. Founded in 1961, its focus is on the practical application of economics to complex business and legal issues. Under the auspices of parent company Marsh & McLennan Companies, Inc., NERA operates with 500 professionals in 16 offices worldwide. NERA Economic Consulting is part of Mercer Inc., one of the world's largest consulting organizations. Together, the firms of Mercer Inc. have 14,000 employees in over 30 countries throughout the world.
About Techlib
Techlib is an integrated library management solution for traditional and digital collections that provides corporate libraries with an infrastructure to manage digital documents, Internet resources, and multimedia along with print materials. Techlib is a fully Web-based, integrated application for managing library resources including traditional and digital collections and automating daily library operations. It includes modules for cataloging, circulation, serials control and acquisitions fully integrated with the tools necessary to meet the rapidly changing requirements of the digital library. Techlib is available standalone or integrated with Livelink to extend collaboration capabilities to the library catalog.
About Livelink
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/.
About Open Text
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 fifteen million seats across 10,000 corporate deployments 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.
Trademark
Copyright © 2003 by Open Text Corporation. LIVELINK, BASIS, TECHLIB, 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.
Release Disclaimer
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, 1996, June 30, 1997, June 30, 1998, June 30, 1999, June 30, 2000, June 30, 2001, and June 30, 2002, and 10-Q for the quarters ending September 30, 2002 and December 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.
For more information, please contact
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
