German Insurance and Pension Giant LVA Rheinprovinz Chooses Open Text Solution
Utilizes Open Text s New Production Document Management Solution, Completes Germany s Largest Transfer of Paper Documents
AIIM ON DEMAND, Philadelphia, PA - 2005-05-19 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), the world s largest provider of Enterprise Content Management (ECM) software, said today that LVA Rheinprovinz, one of Germany s largest insurance and pension firms with some seven million customers, chose Open Text s new Production Document Management solution, the latest in a series of new Livelink ECM Solutions, to archive and manage a huge store of paper documents some 122 million in all. With the new system, the company s administrators can now access the files within seconds to accelerate processing. Open Text announced the news at the AIIM ON DEMAND 2005 Conference underway this week in Philadelphia. Open Text is exhibiting in booth #512.
Moving the documents to the Open Text system was the largest paper-to-online transfer ever undertaken in Germany. For more than a year, LVA Rheinprovinz transferred the documents into the shared Livelink ECM repository, taking special care to implement protections for confidentiality, security and system availability. For example, qualified electronic signatures were used to meet legal requirements for unalterable archiving, and the entire transfer process was documented, so that administrators can precisely check the integrity of all documents imported into the system.
This ambitious project was only made possible by the good solution concept and the high competence of the chosen partners, said Achim Pilatus, the project leader for the initiative at LVA Rheinprovinz, recognizing the timely and successful completion of the project
The core of the solution is the Livelink ECM Platforms Archive Server its high scalability and performance, and its ability to connect to multiple storage systems, was essential to the success of the project. Another important feature was the deep integration of fully qualified electronic signatures, from scanning all the way to the verification of validity. In addition, the Archive Server enables the renewal of electronic signatures for content maintained in long-term archives, an important feature for LVA Rheinprovinz.
Open Text s new Production Document Management solution, which the company announced this week (insert URL to release), offers many advantages for users of the LVA Rheinprovinz system. Administrators gain one-click access to the electronic file of any business transaction being processed, and a dynamic tree structure offers users an easy-read overview of all subject areas and documents. Time consuming file searching and management, plus storage costs, are eliminated. The browser-based system makes user access fast and easy. The front-end interface was customized in appearance and functionality to more closely fit users needs.
The success of the solution has already resulted in follow-up projects. The LVA Rheinprovinz is already archiving pension files in the system. In addition, the company has started a pilot project to test digital transaction-processing using the system.
We are proud of the fact that the largest project of electronic archiving of documents in Germany so far, could be completed in such a short amount of time, said Johannes Rehmet, Director of Global Services at Open Text in Germany. And we are very pleased, that the LVA Rheinprovinz is committed to working with Open Text in the future.
For more information on Open Text s appearance at the AIIM ON DEMAND Conference this week, go to: http://www.opentext.com/events/event.html?id=5352550
About Open Text
Open TextTM 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