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Open Text Positioned in Leaders Quadrant in Top Analyst Firm’s Enterprise Content Management Industry Report
Evaluation Based on Completeness of Vision and Ability to Execute
Chicago, IL - 2008-09-30 - Open Text™ Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), today announced that Gartner, Inc. (NYSE: IT), a leading technology research and advisory firm, has positioned Open Text in the Leaders Quadrant in the Magic* Quadrant for Enterprise Content Management, co-authored by Karen M. Shegda, et al., published September 23, 2008 The study reviewed trends in the ECM market and the software suites of 18 vendors.
Gartner's Magic Quadrants analyze vendors in a market segment, based on two sets of criteria: completeness of vision and ability to execute. Leaders have the highest combined scores in both areas. According to Gartner, “The ability to execute criterion measures how well a vendor sells and supports its ECM products and services on a global basis. In addition to rating product capabilities, we evaluated each vendor's viability, installed base, pricing, customer support and satisfaction, and product migrations from one major release to another.
“Completeness of vision focuses on potential. A vendor can succeed financially in the short term without it, but won't become a Leader without a clearly defined vision or strategic plan. A vendor with average vision will anticipate and respond to change by accurately perceiving market trends and exploiting technology. A vendor with superior vision can anticipate, direct and initiate market trends, particularly if it integrates its vision into a broad range of areas, and capitalizes on product and service development.”
Open Text has extended its leadership in the ECM market over the last year, introducing new solutions for its ECM suite, including new Enterprise 2.0 tools, and expanding strategic relationships with SAP, Microsoft, Oracle and systems integrators such as Accenture. Open Text focuses on providing experienced people, the right strategic partnerships, and a broad solutions portfolio, backed by its focus on R&D. This combination delivers the best solutions to address customers’ ever-growing ECM challenges, whether it’s enabling enterprise collaboration, adopting Web 2.0 in the workplace, integrating ERP and ECM for improved back-office efficiencies, or effectively managing compliance and risk management initiatives.
“In today’s challenging global economy, organizations around the world are operating in an increasingly complex and competitive environment,” said Kirk Roberts, EVP and President, Integrated ECM Group at Open Text. “With our continued focus on our customers’ needs, we are committed to helping them find better ways to leverage ECM to reduce costs and improve their business. We value the recognition we’ve received in Gartner’s latest ECM Magic Quadrant, and believe it validates our strategy. Going forward, we will continue to focus on innovation, with a strong R&D investment, to further advance our position as the ECM industry’s leading independent software company.”
The report provides a detailed analysis of growth and trends in the ECM market. Gartner states, "Worldwide ECM software license and maintenance revenue represented a $2.9 billion market in 2007. Gartner predicts that total software revenue in the ECM market will grow at a compound annual rate of 12.2 percent through 2012.”
Gartner evaluated vendors on a range of variables, including customer experience, overall viability, product offering, and business model, among other criteria. This year, Gartner gave greater emphasis to demonstrated enterprise deployments, integration with other business applications and content repositories; incorporation of Web 2.0 and XML capabilities; and vertical-process and horizontal-solution focus.
For the full Magic Quadrant* for Enterprise Content Management, 2008 report, Gartner clients may go to: www.gartner.com
Open Text Content World
Open Text will host its Content World 2008 conference in Orlando, Florida, November 18-20. The event will bring 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. For more information, go to: www.opentext.com/contentworld/2008/
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 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.
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.
Gartner's Magic Quadrants analyze vendors in a market segment, based on two sets of criteria: completeness of vision and ability to execute. Leaders have the highest combined scores in both areas. According to Gartner, “The ability to execute criterion measures how well a vendor sells and supports its ECM products and services on a global basis. In addition to rating product capabilities, we evaluated each vendor's viability, installed base, pricing, customer support and satisfaction, and product migrations from one major release to another.
“Completeness of vision focuses on potential. A vendor can succeed financially in the short term without it, but won't become a Leader without a clearly defined vision or strategic plan. A vendor with average vision will anticipate and respond to change by accurately perceiving market trends and exploiting technology. A vendor with superior vision can anticipate, direct and initiate market trends, particularly if it integrates its vision into a broad range of areas, and capitalizes on product and service development.”
Open Text has extended its leadership in the ECM market over the last year, introducing new solutions for its ECM suite, including new Enterprise 2.0 tools, and expanding strategic relationships with SAP, Microsoft, Oracle and systems integrators such as Accenture. Open Text focuses on providing experienced people, the right strategic partnerships, and a broad solutions portfolio, backed by its focus on R&D. This combination delivers the best solutions to address customers’ ever-growing ECM challenges, whether it’s enabling enterprise collaboration, adopting Web 2.0 in the workplace, integrating ERP and ECM for improved back-office efficiencies, or effectively managing compliance and risk management initiatives.
“In today’s challenging global economy, organizations around the world are operating in an increasingly complex and competitive environment,” said Kirk Roberts, EVP and President, Integrated ECM Group at Open Text. “With our continued focus on our customers’ needs, we are committed to helping them find better ways to leverage ECM to reduce costs and improve their business. We value the recognition we’ve received in Gartner’s latest ECM Magic Quadrant, and believe it validates our strategy. Going forward, we will continue to focus on innovation, with a strong R&D investment, to further advance our position as the ECM industry’s leading independent software company.”
The report provides a detailed analysis of growth and trends in the ECM market. Gartner states, "Worldwide ECM software license and maintenance revenue represented a $2.9 billion market in 2007. Gartner predicts that total software revenue in the ECM market will grow at a compound annual rate of 12.2 percent through 2012.”
Gartner evaluated vendors on a range of variables, including customer experience, overall viability, product offering, and business model, among other criteria. This year, Gartner gave greater emphasis to demonstrated enterprise deployments, integration with other business applications and content repositories; incorporation of Web 2.0 and XML capabilities; and vertical-process and horizontal-solution focus.
For the full Magic Quadrant* for Enterprise Content Management, 2008 report, Gartner clients may go to: www.gartner.com
Open Text Content World
Open Text will host its Content World 2008 conference in Orlando, Florida, November 18-20. The event will bring 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. For more information, go to: www.opentext.com/contentworld/2008/
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 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.
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.
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