Open Text and The Frayman Group Expand Partnership to Better Serve the Law Firm Market
The Frayman Group to Provide Support and Maintenance Services for Open Text s LegalKEY Products, Backed by its Specialized Risk Management and Compliance Expertise in the Legal Market
Chicago, IL - 2008-11-13 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in enterprise content management (ECM), and The Frayman Group, a leading provider of business process assurance services and technologies for law firms, today announced a plan to increase services and support to law firm customers through an expanded partnership.
Under the plan, The Frayman Group will provide support and maintenance services for Open Text s LegalKEY product line. Open Text will continue its focus on development for LegalKEY as well as its eDOCS product lines for law firms, and offer support services in collaboration with The Frayman Group. The companies have also agreed to cooperate on the development of new products and solutions to serve the legal market, combining The Frayman Group s expert view of evolving firm requirements and Open Text s extensive ECM and enterprise software expertise.
Based in New York City, The Frayman Group is a recognized leader in consulting and software support services that help law firms reduce risk, grow strategically and boost productivity. Open Text s LegalKEY customers will greatly benefit from The Frayman Group s specialized focus on the requirements of law firms, and the company s attention to risk management software services.
The Frayman Group is uniquely suited to support Open Text s LegalKEY products. The company is an Open Text Development and Services Partner, and has a team of professionals with extensive experience in all aspects of LegalKEY systems and services, as well as a world-class enterprise software support offering.
Open Text s LegalKEY, which is used in hundreds of law firms around the world, is a suite of practice support applications that manage complex risk, compliance and conflicts management issues that are critical to a law firm s operations.
The way the legal market is evolving, we believe there s a better way to provide more specialized support for the application of ECM solutions in law firms, said John Shackleton, President and Chief Executive Officer of Open Text. The Frayman Group is the foremost authority on risk management and compliance consulting, software and services for law firms. With The Frayman Group s services, and our knowledge of ECM and extensive development resources, we will be able to give our law firm customers a powerful combination that can t be matched in the legal market.
Open Text's LegalKEY practice support solutions offer comprehensive capabilities designed for the tough information challenges of today s leading law firms, said Yuri Frayman, founder and Chief Executive Officer of The Frayman Group. We re excited about the opportunity to work with Open Text, and to support the LegalKEY client base, which is complementary to our current business offering of providing risk management consulting, software and services to the legal community.
The Frayman Group and Open Text will be providing more details on the agreement to customers. For more information about the agreement, customers can contact their Open Text sales representative directly, or reach The Frayman Group at (888) 613-6446 or in the UK at +44 20 3356 9601. Customers can also email questions about the plans to legalkey-questions@opentext.com.
About The Frayman Group
The Frayman Group assists law firms in actively updating their client/matter policies, procedures and technologies to reduce risk exposure and streamline operations. The company provides firms with strategic recommendations, project management and technical services pertaining to new business inception, conflicts clearing, records management, data confidentiality and risk mitigation. The Frayman Group s business process assurance software includes: CompliFlow New Business Inception, CompliGuard Lateral Hire Intake, CompliGuard Ethical Walls & Confidentiality Screening and ConfliClear Mobile Conflicts Reporting. For more information, interested parties can contact sales@fraymangroup.com or visit www.fraymangroup.com.
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 46,000 customers and millions of users in 114 countries. Working with our customers and partners, we bring together leading Content Experts to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit www.opentext.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
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. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, 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, demand for the Company's products 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, 2008. 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.
Copyright © 2008 by Open Text Corporation. LIVELINK ECM 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.
For more information, please contact
Richard Maganini
Director, Corporate PR
Open Text Corporation
+1-847-267-9330 ext.4266
rmaganin@opentext.com
Stephanie Wood
Vice President, Marketing Communications
The Frayman Group
1-718-648-7700
swood@fraymangroup.com