Analyst Report Positions Open Text as a Leader in Enterprise Content Management
November 19 2009 - 8:30AM
PR Newswire (US)
WATERLOO, ON, Nov. 19 /PRNewswire-FirstCall/ -- Open Text(TM)
Corporation (NASDAQ:OTEXNASDAQ:TSX:NASDAQ:OTC), a global leader in
Enterprise Content Management (ECM), announced today that it has
been positioned by Gartner, Inc. in the Leaders Quadrant of its
2009 Magic Quadrant for Enterprise Content Management,* based on an
evaluation of the company's completeness of vision and ability to
execute. The Gartner report, based on an assessment of ECM trends
and multiple software suites, helps IT and business buyers assess
which vendors have the functional capabilities and vision to
support business objectives and requirements and which would make
suitable strategic partners. According to the report, "Leaders have
the highest combined scores for Ability to Execute and Completeness
of Vision. They are doing well and are prepared for the future with
a clearly articulated vision. In the context of ECM, they have
strong channel partners, presence in multiple regions, consistent
financial performance, broad platform support and good customer
support. In addition, they dominate in one or more technology or
vertical market. Leaders deliver a suite that addresses all six
core components, though these are not necessarily owned by them,
tightly integrated, unique or best-of-breed in each area. We place
more emphasis this year on demonstrated enterprise deployments;
integration with other business applications and content
repositories; incorporation of Web 2.0 and XML capabilities; and
vertical process/horizontal solutions focus. Leaders should drive
market transformation." The world's shift to digital work practices
and communications continues to evolve, leaving companies with an
overflow of valuable - and often unstructured - electronic content.
Organizations are struggling to manage and control this information
so that it not only yields workplace efficiencies and
collaboration, but does so in compliance with internal and external
regulations. As the Gartner report observes, "Organizations need
ECM to manage the increasing growth, volume and diversity of the
unstructured content that now represents up to 80% of enterprise
information. There is an opportunity to start applying to this
content some of the rigor currently devoted to structured data in
terms of valuation, elimination of redundancies, optimization of
architectures for availability, enrichment of metadata, and overall
life cycle control." The Open Text ECM Suite addresses these
business challenges with a foundation of scalable technology that
promotes agility, control and user empowerment. With applications
that range from Web content management to records management to
reporting, the implementation of the ECM Suite promotes lower costs
of administration and training, greater process efficiency, the
increased exchange of knowledge assets and the dexterity to rapidly
build, manage and profit from Web properties. "The fact of the
matter is that ECM is a strategic imperative in organizations,"
said Kirk Roberts, Executive Vice President of Products for Open
Text. "Companies are turning to their ECM solutions in order to
enhance strategic growth and practices, streamline processes and
foster a greater aptitude of individual empowerment. The Open Text
ECM Suite evolves content into a source of innovation, efficiency
and profit." About the Magic Quadrant The Magic Quadrant is
copyrighted 2009 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. * Gartner, Inc. "Magic Quadrant
for Enterprise Content Management" by T. Bell, K. Shegda, M.
Gilbert, K. Chin, October 15, 2009 About Open Text Open Text, an
enterprise software company and leader in enterprise content
management, helps organizations manage and gain the true value of
their business content. Open Text brings two decades of expertise
supporting 50 million users in 114 countries. Working with our
customers and partners, we bring together leading Content
Experts(TM) to help organizations capture and preserve corporate
memory, increase brand equity, automate processes, mitigate risk,
manage compliance and improve competitiveness. For more
information, visit http://www.opentext.com/. 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 Open Text ECM Suite 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, 2009.
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 (C) 2009 by Open Text Corporation. OPEN TEXT and ECM
Suite 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.
DATASOURCE: Open Text Corporation CONTACT: Richard Maganini, Open
Text Corporation, (847) 961-0662, ; Melanie Brenneman, Open Text
Corporation, (512) 623-9264, ; Adam Lee, Open Text Corporation,
EMEA, +44 (0) 1189 848000, ; Leonie Cusack, Asia, Open Text, +61
(0) 2 9026 3400,
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