Open Text Joins Internet Law & Policy Working Group Focused on Compliance and Information
Chicago, IL. –
Open Text™ Corporation (Nasdaq: OTEX, TSX: OTC), the world's largest provider of Enterprise Content Management (ECM) software, today announced it has joined the Compliance and Management of Electronic Information (CMEI) Working Group. Together with several leading technology vendors, Open Text will help develop a global, cross-industry framework that will help customers manage electronic information for regulatory compliance. The news was announced today in a joint release issued by the CMEI vendors and the Internet Law & Policy Forum (http://www.ilpf.org/about/2005Mar07.htm).
Open Text offers software solutions that manage online content for a broad range of regulatory compliance standards globally, including corporate governance laws and regulations in industries such as pharmaceuticals, financial services, healthcare, energy and others. Open Text’s compliance solutions, offered through its Livelink ECM suite, include document lifecycle management, business process management, records management, e-mail management and more.
"The CMEI Working Group offers an excellent opportunity for technology providers to work together to help customers with compliance management," said Bill Forquer, Executive Vice President of Marketing at Open Text. "We look forward to participating in CMEI and to contributing our expertise in applying ECM software to compliance standards in many industries."
The CMEI Working Group will develop and publish best practices, checklists and summaries of legal and regulatory requirements to provide compliance guidance. Additionally, the group will hold a series of forums where technology vendors, regulated entities, government leaders and policy experts can discuss the impact of law on end users and develop recommendations and guidelines that will facilitate compliance while allowing companies to continue effective business operations.
"We are glad to bring this group of industry leading companies together to tackle one of the most pressing challenges facing business today," said Andrew Konstantaras, Executive Director, Internet Law & Policy Forum. "Working together, this group can facilitate discussion around compliance processes and deliver more effective compliance solutions to their customers."
Open Text joins Hitachi Data Systems, HP, Network Appliance, Oracle, Plasmon, Sun Microsystems and VERITAS Software Corporation to provide guidance on best practices for compliance with information retention and maintenance regulations. Additionally, the group will work with public and private sector representatives to improve collaboration between business, technology and regulatory bodies.
For more information about the CMEI Working Group and to join the listserv, please fill out the information at: www.ilpf.org/CMEI-Signup.html.
Founded in 1995, the Internet Law and Policy Forum (ILPF) is dedicated to the sustainable global development of the Internet by bringing law, policy, business sand technology together as it addresses some of the most critical issues facing the Internet. The ILPF is an international nonprofit organization whose member companies develop and deploy the Internet in every aspect of business today. Through its conferences, working groups, and expert workshops, the ILPF provides a neutral forum and international perspective in order to discover best practices and develop practical solutions for the multi-faceted challenges posed by the Internet. For more information, please see www.ilpf.org.
About Open Text
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