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Open Text Announces An SAP-Endorsed Business Solution for Records Management
Announcement Extends Open Text’s Leadership in the Worldwide Market for Records Management; Continues its Close Collaboration with SAP
Palo Alto, Calif. and Chicago - 2007-04-18 - Open Text™ Corp. (NASDAQ: OTEX, TSX: OTC), the largest independent provider of enterprise content management (ECM) software and solutions, today announced Livelink ECM™ – Records Management for use with SAP® applications. This latest Open Text records management offering, endorsed by SAP AG (NYSE: SAP), will be marketed and supported by SAP and Open Text. U.S. federal government customers of SAP and Open Text will now have a fully integrated solution to help them implement comprehensive records management programs.
The news today marks the latest step by Open Text in its strategy to lead the global ECM market to meet organizations’ increasingly complex governance, risk and compliance needs. The company has jumped ahead of the market in records management recently with a portfolio of new solutions designed to give customers what they say they most need in records management: The ability to implement retention rules across content in multiple systems – from physical paper records to content in SAP applications.
This latest offering provides a simple yet powerful means to apply consistent retention rules to data in SAP applications. Customers can define and deploy records management in a central repository, while supporting multiple departments and SAP applications.
Already certified as a U.S. Department of Defense (DoD) 5015.2 STD records management product combination, a critical requirement for records management software, the solution offers numerous features designed for the U.S. public sector. The companies will deliver unified records management services to U.S. federal government customers to meet records management and archival requirements, and to better integrate their enterprise processes with multiple media sources, such as email, forms, documents, drawings and images.
“Our government customers require technologies that help them consistently manage and archive ERP data and unstructured content from a single well-integrated platform,” said Patrick Bakey, President of SAP Public Sector Americas. “Working closely with Open Text, we are able to meet this demand with a certified records management solution that is tightly integrated with our public sector offerings.”
The solution for use with SAP applications offers a complete set of capabilities to support records management requirements as specified by DoD 5015.2, as well as the U.S.’s Federal Enterprise Architecture Records Management profile (FEARM). These capabilities include:
The records management solution adds to Open Text’s portfolio of ECM software for use with SAP applications, including offerings for accounts payable and receivable processing, customer information management, employee document management and contract management; solutions that help companies create secure, long-term archiving of content in SAP applications; and solutions for consolidating and archiving content from multiple legacy systems.
About SAP-Endorsed Business Solutions
SAP-endorsed business solutions are complementary to SAP® software offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP software. SAP-endorsed business solutions are powered by the SAP NetWeaver® platform and are offered by SAP partners.
Open Text -- Records Management Leadership
Open Text has been a long-time leader in records management. Recently, Open Text was one of only three companies to receive a “Strong Positive” rating for its record management solutions by Gartner Inc. in its “MarketScope* for Records Management, 2007", authored by Research Vice President Kenneth Chin and dated January 30, 2007. In March, Forrester Research named Open Text a leader in The Forrester Wave™: Records Management, Q1 2007, published on March 14, 2007 and authored by Barry Murphy with Connie Moore. The company’s Livelink ECM – Records Management solution was one of only three solutions to be named leaders of 12 solutions included in the study.
Open Text was the first to receive the DoD’s certification for classified records, called Chapter 4 certification, in 2002. Open Text was also recently the first to introduce a DoD certified records management solution for Microsoft Office SharePoint Server 2007. In addition to its DoD certifications, Open Text’s records management solutions are also certified under the United Kingdom’s TNA regulations and Australia’s VERS regulations.
Open Text is continuing its innovation in records management with Livelink ECM 10, the next major release of its market-leading ECM suite being rolled out this year. Livelink ECM 10 includes Enterprise Library Services, a new offering that integrates enterprise records management, archiving, metadata management and search capabilities. The Enterprise Library lets customers manage retention strategies for content stored in Livelink ECM, major enterprise applications, email, file systems, and other repositories.
For more information on Livelink ECM – Records Management for use with SAP® Solutions go to: www.opentext.com/2/sol-products/sol-pro-extensions-sap/pro-ll-sap-rm.htm Open Text and SAP will host a webcast titled Bringing Records Management to SAP on May 17. For more information, go to: http://opentext.com/events/event.html?id=6619011.
About Open Text
Open Text™ is the world's largest independent provider of Enterprise Content Management software. The company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit httpwww.opentext.com.
*The MarketScope is copyrighted January 30, 2007 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation 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 MarketScope, and does not advise technology users to select only those vendors with the highest rating. 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, 2006. 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.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2007 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.
SAP, mySAP, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.
The news today marks the latest step by Open Text in its strategy to lead the global ECM market to meet organizations’ increasingly complex governance, risk and compliance needs. The company has jumped ahead of the market in records management recently with a portfolio of new solutions designed to give customers what they say they most need in records management: The ability to implement retention rules across content in multiple systems – from physical paper records to content in SAP applications.
This latest offering provides a simple yet powerful means to apply consistent retention rules to data in SAP applications. Customers can define and deploy records management in a central repository, while supporting multiple departments and SAP applications.
Already certified as a U.S. Department of Defense (DoD) 5015.2 STD records management product combination, a critical requirement for records management software, the solution offers numerous features designed for the U.S. public sector. The companies will deliver unified records management services to U.S. federal government customers to meet records management and archival requirements, and to better integrate their enterprise processes with multiple media sources, such as email, forms, documents, drawings and images.
“Our government customers require technologies that help them consistently manage and archive ERP data and unstructured content from a single well-integrated platform,” said Patrick Bakey, President of SAP Public Sector Americas. “Working closely with Open Text, we are able to meet this demand with a certified records management solution that is tightly integrated with our public sector offerings.”
The solution for use with SAP applications offers a complete set of capabilities to support records management requirements as specified by DoD 5015.2, as well as the U.S.’s Federal Enterprise Architecture Records Management profile (FEARM). These capabilities include:
- Retention Schedules (Record Series Identifiers) – A system for keeping records as long as required, or determined by the organization.
- File Plans and Classification (automatic and interactive) – A system for ensuring records are identified, whether email or written correspondence, ERP content or formal contracts.
- Dispositions – Ensures records are destroyed in a timely and cost-effective manner.
- Hold Management – Safeguards to protect records from deletion.
- Vital Records – Validates that critical records are managed and stored appropriately.
- Physical Records Management – Facilities for circulation management, barcode creation/printing, and location tracking.
The records management solution adds to Open Text’s portfolio of ECM software for use with SAP applications, including offerings for accounts payable and receivable processing, customer information management, employee document management and contract management; solutions that help companies create secure, long-term archiving of content in SAP applications; and solutions for consolidating and archiving content from multiple legacy systems.
About SAP-Endorsed Business Solutions
SAP-endorsed business solutions are complementary to SAP® software offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP software. SAP-endorsed business solutions are powered by the SAP NetWeaver® platform and are offered by SAP partners.
Open Text -- Records Management Leadership
Open Text has been a long-time leader in records management. Recently, Open Text was one of only three companies to receive a “Strong Positive” rating for its record management solutions by Gartner Inc. in its “MarketScope* for Records Management, 2007", authored by Research Vice President Kenneth Chin and dated January 30, 2007. In March, Forrester Research named Open Text a leader in The Forrester Wave™: Records Management, Q1 2007, published on March 14, 2007 and authored by Barry Murphy with Connie Moore. The company’s Livelink ECM – Records Management solution was one of only three solutions to be named leaders of 12 solutions included in the study.
Open Text was the first to receive the DoD’s certification for classified records, called Chapter 4 certification, in 2002. Open Text was also recently the first to introduce a DoD certified records management solution for Microsoft Office SharePoint Server 2007. In addition to its DoD certifications, Open Text’s records management solutions are also certified under the United Kingdom’s TNA regulations and Australia’s VERS regulations.
Open Text is continuing its innovation in records management with Livelink ECM 10, the next major release of its market-leading ECM suite being rolled out this year. Livelink ECM 10 includes Enterprise Library Services, a new offering that integrates enterprise records management, archiving, metadata management and search capabilities. The Enterprise Library lets customers manage retention strategies for content stored in Livelink ECM, major enterprise applications, email, file systems, and other repositories.
For more information on Livelink ECM – Records Management for use with SAP® Solutions go to: www.opentext.com/2/sol-products/sol-pro-extensions-sap/pro-ll-sap-rm.htm Open Text and SAP will host a webcast titled Bringing Records Management to SAP on May 17. For more information, go to: http://opentext.com/events/event.html?id=6619011.
About Open Text
Open Text™ is the world's largest independent provider of Enterprise Content Management software. The company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit httpwww.opentext.com.
*The MarketScope is copyrighted January 30, 2007 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation 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 MarketScope, and does not advise technology users to select only those vendors with the highest rating. 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, 2006. 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.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2007 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.
SAP, mySAP, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.
For more information, please contact
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
