Open Text to Engage with Government, Business, Academic Leaders on Canada's Future in Digital Media
As Title Sponsor of Canada 3.0 Forum and Canada s Largest Software Company, Open Text Joins Conversation on Canada s Digital Media Strategy
Waterloo, Ontario - 2009-06-03 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), today announced that the company will be engaging with leading government, business and academic leaders at the inaugural Canada 3.0 Forum taking place June 8-9 at the University of Waterloo s Stratford Institute. Open Text Executive Chairman and Chief Strategy Officer Tom Jenkins will deliver the opening keynote joining a comprehensive list of more than 60 speakers that includes the Honorable Tony Clement, Minister of Industry, the Honorable John Wilkinson, Minister of Research and Innovation, and David Johnston, President of the University of Waterloo.
The digital media sector globally is one of the fastest growing industries in the knowledge economy with a forecast of double-digit growth rates over the next five years and is expected to reach US $2 trillion, according to research firm PricewaterhouseCoopers. Canada has an opportunity to provide an enormous boost for the organizations and businesses that work in the digital space and that seek to create companies, jobs, products and services tied to both the digital economy and to Canada. This opportunity is a major factor driving the forum itself and Open Text s support of the event as title sponsor.
It is hard to over emphasize the significance that digital media and mobile technologies can have in ensuring a bright and successful future for Canada, Jenkins said. Emerging technologies are driving fundamental cultural shifts and Canada must keep pace with this digital revolution. The Canada 3.0 Forum is an important step forward to driving and shaping Canada s future in digital media.
The Canada 3.0 Forum is expected to attract more than 1,000 people from all over Canada to the two day conference including government, business and academic leaders. The two days will be devoted to interactive breakout and priority setting sessions. Facilitators will lead discussions and encourage the identification of national priorities and development of key stages in a Canada-wide strategy for international competitiveness in digital media. For more details on the forum, go to http://canada30.uwaterloo.ca/.
The Canada 3.0 Forum is being organized by the Canadian Digital Media Network (CDMN) and the University of Waterloo's Stratford Institute. The CDMN was established earlier this year through funding from the federal government among others to link Canada's digital media clusters from coast-to-coast, creating a digital convergence corridor and accelerating collaboration between researchers, implementers and entrepreneurs.
UW's Stratford Institute is a think-tank, integrator and training institute devoted to collaboration between digital media, international commerce and culture. The Stratford Institute was established through funding from the Government of Ontario, Open Text and the City of Stratford.
With revenues approaching $1 billion annually, Open Text has emerged as the largest software company in Canada as well as the largest independent ECM software vendor. As part of an ongoing investment program in research into digital content management, Open Text announced the contribution of funding, technology and services to establish the Open Text Centre for Digital Media Research at the Stratford Institute.
We re still at the very early stages of the digital media revolution. There are major opportunities in healthcare, energy, finance, education, manufacturing and many other sectors, Jenkins added. Open Text is well-positioned to exploit these opportunities from our base in core ECM technology and history of collaboration to assist in helping Canada emerge as a global leader in this critical area.
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 50 million 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.
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For more information, please contact
Michele Stevenson
Open Text Corporation
+1-519-888-7111ext. 2594
mstevens@opentext.com
Stephanie Fazio
Open Text Corporation
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sfazio@opentext.com
Brian Edwards
McKenzie Worldwide
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