Open Text in "Leaders" Quadrant for Integrated Document Archiving and Retrieval Systems
Adds to Leaders Quadrant Placements in Analyst Firm s Magic Quadrants for Enterprise Content Management and Smart Enterprise Suites
Chicago, IL. - 2005-03-23 - Open Text Corporation (Nasdaq: OTEX; TSX: OTC), the world s largest provider of Enterprise Content Management (ECM) software, today announced that leading analyst firm Gartner, Inc. (NYSE: IT and ITB), has positioned Open Text in the Leaders quadrant of its recently published Magic Quadrant* for Integrated Document Archive and Retrieval Systems (IDARS), 2005, published on March 11, 2005, and co-authored by Kenneth Chin and Toby Bell.
In addition to this Leader s quadrant placement, Open Text also placed in the Leaders Quadrant in Gartner s Magic Quadrant for Enterprise Content Management, 2004, published October 19, 2004 and co-authored by Karen Shegda, et al., and in the Magic Quadrant for the Smart Enterprise Suite (SES), 2004, published May 17, 2004 and co-authored by Gene Phifer, et al.
Gartner's well-known Magic Quadrants are graphical representations of a technology vendor s performance in a market segment, based on Gartner s analysis of the vendor s vision and ability to execute that vision. The IDARS Magic Quadrant analysis looked at the market for software used to manage documents for high-volume processes such as invoicing, ordering or claims processing. These systems allow companies to convert large volumes of paper into electronic documents via print-stream ingestion, processing them through highly structured workflows and managing them in a central document archive. Open Text has been building its IDARS offerings over the last year, integrating technology from acquisitions in 2004.
Open Text s vision is based on intersecting people and information through processes. So we have seamlessly integrated collaboration, content and process management all essential ingredients that complete Open Text s vision, said Ron Vangell, Senior Vice President of Production Document Management Solutions at Open Text. We believe our Leaders Quadrant placement in these three reports recognizes the integration of our comprehensive ECM offering, and the realization of our vision. In the IDARS Magic Quadrant, Gartner defines Leaders as having achieved the highest combined measures of ability to execute and completeness of vision. As a group, leaders exhibit the highest win-loss ratios and growth above the industry average. They have established a strong IDARS market presence with their installed base, and they demonstrate continued customer and revenue growth. These strategic vendors will continue to drive the IDARS market by broadening their product functionality and integration.
Gartner s ECM Magic Quadrant is based on six core components: document management, Web content management, records management, document capture and document imaging, document centric collaboration and workflow. For Gartner s SES Magic Quadrant, the report states, Core to SES are portal, team collaboration, and content management technologies.
For the full Magic Quadrant reports, visit www.gartner.com
*The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused with permission, which permission should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner, Inc. s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the Leaders quadrant. In some situations, firms in the Visionary, Challenger, or Niche Player quadrants may be the right matches for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner, Inc. expressly disclaims all warranties, express or implied, of fitness of this research for a particular purpose.
About Open Text
Open Text is the market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Throughout its history, Open Text has matched its tradition of innovation with a track record of financial strength and growth. Today, the company supports almost 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com
Copyright © 2005 by Open Text Corporation. LIVELINK 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 success of any of the Company s strategic initiatives, the Company s growth and profitability prospects, the benefits of the Company s products to be realized by customers, the Company s position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and 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 Form 10-K for the year ended June 30, 2004. You should not place undue reliance upon any such forward-looking statements, which 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
Open Text Corporation