Investor's Business Daily Ranks Open Text #20 in Top 100
New IBD 100 Ranks Nation’s Top Innovators
Waterloo, ON –
Open Text™ Corporation (Nasdaq: OTEX; TSX: OTC), provider of Livelink®, the leading collaboration and knowledge management software for the global enterprise, today announced that it has been ranked #20 in the Investor's Business Daily (IBD) 100. The article highlights dynamic companies with innovative products and services. Each company was evaluated based on fundamentals such as earnings and sales growth, as well as other elements including return on equity and pretax margins. The article appeared in the April 14th issue of Investor's Business Daily.
The Investor's Business Daily article, by Chris Gessel, describes the companies listed in the IBD 100 ranking: "They're generating robust earnings and sales growth despite the slack economy."The article goes on to say: "The smart money on Wall Street recognizes their [the companies ranked in the IBD] value. Their share prices have largely defied the baddest bear market in decades."
The article is available on Open Text's Web site here.
"We are extremely pleased to be ranked #20 in the Investor's Business Daily 100," stated Tom Jenkins, CEO of Open Text. "Open Text has a tremendous history of innovation. We are dedicated to delivering high value to our customers and shareholders."
Open Text will release results for the third quarter of fiscal 2003 at approximately 4:00 p.m. ET/1:00 p.m. PT on Wednesday, April 23, 2003.
Open Text invites the public to listen to the company's teleconference call concerning financial results for the third quarter of fiscal 2003. http://www.opentext.com/investor/investor_events/Q3-2003_Earnings.html
Livelink is the leader in collaboration and knowledge management for the global enterprise. Its richly featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser. For more information, visit: www.opentext.com/livelink/.
About Open Text
Since 1991, Open Text Corporation has delivered innovative software that brings people together to share knowledge, achieve excellence, deliver innovation, and enhance processes. Its legacy of innovation began with the successful deployment of the world’s first search engine technology for the Internet. Today, as the leading global supplier of collaboration and knowledge management software for the enterprise, Open Text supports fifteen million seats across 10,000 corporate deployments in 31 countries and 12 languages throughout the world. As a publicly traded company, Open Text manages and maximizes its resources and relationships to ensure the success of great minds working together. For more information, visit: www.opentext.com.