Open Text, Deloitte Canada Pen Alliance for Enterprise Content Management Solutions
Combining Leading ECM Solutions, Vertical Industry Knowledge, and World-Class Consulting Services To Help Clients Worldwide Reduce Costs and Manage Compliance
Open Text Content World - 2008-11-19 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in enterprise content management (ECM), said today it has formed a strategic alliance with Deloitte Canada, in which Deloitte professionals will provide Open Text ECM solutions and services that will help organizations worldwide improve the way they manage information to reduce costs and improve compliance.
In today s uncertain economic environment, companies face new demands to manage increasing amounts of electronic information in an age of changing regulatory demands, and new cost pressures. ECM solutions are critical to reduce costs and improve operations such as accounts payable, and to manage information in better ways to address compliance and e-discovery rules. Open Text focuses on solutions that streamline and automate processes, connect content and systems across the enterprise, apply consistent rules to information, and improve access to all forms of content.
The alliance features Deloitte s leading consulting advisory and implementation services and Open Text s broad set of ECM solutions and expertise. Key areas of focus will include:
Delivering industry-specific ECM solutions to clients when designing, developing and implementing technology and business solutions to better manage the entire information lifecycle.
Managing compliance and legal requirements through Open Text s records management solutions, including records management for use with SAP solutions, and Open Text s e-discovery and email management solutions.
Improving processes and reducing costs by enhancing SAP systems that manage major enterprise-wide business processes. Open Text solutions will include content lifecycle management for use with SAP to process, manage and archive documents that flow through SAP systems. Also, Open Text s Vendor Invoice Management for use with SAP solutions, which helps companies reduce costs in accounts payable.
Information assets, when managed efficiently and effectively can provide substantial value to an organization to support business processes and decision-making, said Barbara Venneman, Information Management Partner at Deloitte. Deloitte s industry and value-driven approach can help organizations better articulate and execute a true transformational strategy to leverage and increase the value of structured and unstructured information, Deloitte is proud to work with Open Text, a leading global ECM product vendor, to provide our clients with the tools and strategic approaches to deliver real business value in the face of growing information management challenges and changing regulatory demands.
Organizations globally are facing the challenges of a fast-changing and unpredictable market, said John Wilkerson, Executive Vice President of Global Sales, Services and Support, Open Text. These demands and the possibility of new regulations, are putting ECM at the center of management decisions on how to reduce costs and improve efficiency in today s market. With Deloitte, we can provide a combination of technology and leading industry ECM expertise that helps customers pinpoint their strategic content management issues and deploy solutions that meet the demands of today s economy.
Open Text Content World
Open Text announced the news to customers at its Content World 2008 conference underway this week in Orlando, Florida. The event brings together leading ECM experts from across the industry to network with peers, discuss the latest developments and trends in ECM and Enterprise 2.0, and to gain a first-hand account of the company s long-term strategy and product roadmap. As a Platinum sponsor of this year s event, Deloitte will be meeting with customers and prospects while showcasing their Open Text-based ECM solutions. For more information, go to www.opentext.com/contentworld
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, 2007. 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
Open Text Corporation
+1-847-267-9330 ext.4266
rmaganin@opentext.com
Stephanie Dodge Fazio
Open Text Corporation
519-888-7111, x2429
sdodge@opentext.com
Brian Edwards
McKenzie Worldwide
+1-503-577-4583
briane@mckenzieworldwide.com