Open Text in "Leaders" Quadrant for Integrated Document Archiving and Retrieval Systems
Open Text™ Corporation (Nasdaq: OTEX; TSX: OTC), the world’s largest provider of Enterprise Content Management (ECM) software, today announced that leading analyst firm Gartner, Inc. (NYSE: IT and ITB), has positioned Open Text in the Leaders quadrant of its recently published Magic Quadrant* for Integrated Document Archive and Retrieval Systems (IDARS), 2005, published on March 11, 2005, and co-authored by Kenneth Chin and Toby Bell.
In addition to this Leader’s quadrant placement, Open Text also placed in the Leaders Quadrant in Gartner’s Magic Quadrant for Enterprise Content Management, 2004, published October 19, 2004 and co-authored by Karen Shegda, et al., and in the Magic Quadrant for the Smart Enterprise Suite (SES), 2004, published May 17, 2004 and co-authored by Gene Phifer, et al.
Gartner's well-known Magic Quadrants are graphical representations of a technology vendor’s performance in a market segment, based on Gartner’s analysis of the vendor’s vision and ability to execute that vision. The IDARS Magic Quadrant analysis looked at the market for software used to manage documents for high-volume processes such as invoicing, ordering or claims processing. These systems allow companies to convert large volumes of paper into electronic documents via print-stream ingestion, processing them through highly structured workflows and managing them in a central document archive. Open Text has been building its IDARS offerings over the last year, integrating technology from acquisitions in 2004.
“Open Text’s vision is based on intersecting people and information through processes. So we have seamlessly integrated collaboration, content and process management—all essential ingredients that ‘complete’ Open Text’s vision,” said Ron Vangell, Senior Vice President of Production Document Management Solutions at Open Text. “We believe our Leaders Quadrant placement in these three reports recognizes the integration of our comprehensive ECM offering, and the realization of our vision.” In the IDARS Magic Quadrant, Gartner defines Leaders as having “achieved the highest combined measures of ability to execute and completeness of vision. As a group, leaders exhibit the highest win-loss ratios and growth above the industry average. They have established a strong IDARS market presence with their installed base, and they demonstrate continued customer and revenue growth. These strategic vendors will continue to drive the IDARS market by broadening their product functionality and integration.”
Gartner’s ECM Magic Quadrant is based on six core components: document management, Web content management, records management, document capture and document imaging, document centric collaboration and workflow. For Gartner’s SES Magic Quadrant, the report states, “Core to SES are portal, team collaboration, and content management technologies.”
For the full Magic Quadrant reports, visit www.gartner.com
*The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused with permission, which permission should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner, Inc.’s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the “Leaders” quadrant. In some situations, firms in the Visionary, Challenger, or Niche Player quadrants may be the right matches for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner, Inc. expressly disclaims all warranties, express or implied, of fitness of this research for a particular purpose.
Open Text™ 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