Open Text Recognized In Top Independent Analyst Firm's Report on ECM
Report Covers Key Business Processes: Accounts Payable, Order Administration, Contract Management and Enterprise Applications
Chicago, IL - 2008-12-01 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in enterprise content management (ECM), today announced that analyst firm Forrester Research, Inc. (NASDAQ: FORR) has recognized Open Text solutions in a number of key business process areas in a report titled "Use ECM To Fire Up Business Processes", published on October 20, 2008 and authored by Craig Le Clair and Sheri McLeish with Kyle McNabb and Keith K. Tsang.
Forrester s report is based on interviews conducted with nine vendors and their reference customers to assess the support of industry and functional specific business process needs. To understand the opportunity to improve business process efficiencies through the use of ECM, Forrester looked at ECM support of document-centric business processes that their clients most frequently asked them about.
According to Forrester's report, Numerous business processes can benefit from capturing and digitizing content, reducing physical storage and speeding information retrieval to business people.
This is in line with Open Text's philosophy of helping organisations gain the true value of their business content, by helping customers capture and preserve corporate memory in the context of key business processes and not in isolation, where it can proliferate in information silos.
A key focus for our technology strategy has been to provide value through the integration of the Open Text ECM Suite with key business processes, and the wider IT ecosystem, including Microsoft, SAP and Oracle, said Kirk Roberts, EVP and President, Integrated ECM Group at Open Text. This report reflects our ability to deliver high volume, scalable solutions that are well integrated and proven with numerous organizations already benefiting from our unparalleled expertise in the ECM marketplace. Customers are typically seeing a return on their investment in just 6 to 9 months. We are pleased to see the recognition that this report provides of our achievements.
The report summary states, Open Text features solutions in a variety of industries, including financial services, government, pharmaceuticals and life sciences, education, telecom, and manufacturing. It has particular strength in AP invoice management. To view an excerpt of Use ECM To Fire Up Business Processes , go to www.forrester.com/Research/Document/0,7211,46317,00.html
Continued Industry Recognition
Forrester's recognition follows Open Text's positioning in the Leaders Quadrant in Gartner, Inc.'s most recent Magic* Quadrant for Enterprise Content Management, 2008, co-authored by Karen Shegda, et al, which was released in September: www.opentext.com/news/pr.html?id=2108
PayStream Advisors, a firm that specializes in conducting third-party research and consulting for corporate technology buyers and vendors, recently concluded that Open Text had emerged as a clear market leader in accounts payable (AP) content management solutions for use with solutions from Oracle and SAP, also announced in September: www.opentext.com/news/pr.html?id=2103
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.
*The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
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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 ext.2429
sdodge@opentext.com
Brian Edwards
McKenzie Worldwide
+1-503-577-4583
briane@mckenzieworldwide.com