WATERLOO, Ontario, May 31, 2024
/PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX),
the information company, today announced that OpenText™ IDOL™ has
been named a Leader in The Forrester Wave™: Document Mining and
Analytics Platforms, Q2 2024.
In their recently published vendor evaluation, Forrester
analyzed 14 document mining and analytics providers, using a
25-criterion evaluation to score them. The Forrester report states,
"OpenText is equipped to handle any and all document mining and
analytics tasks," also noting, "It's close to impossible to find
any gaps in IDOL's capabilities to mine information from documents,
text, and any form of rich media."
Forrester's evaluation recognized OpenText's foundational AI
capabilities within IDOL with the highest score in the current
offering category, which includes criteria such as accuracy
verification, complex forms and images, security and regulatory
compliance, and document-level text mining/NLP. Within the report,
Forrester noted that "IDOL stands out as a clear top option for
existing OpenText customers and large enterprises with complex
document mining and analytics use cases."
"In the face of exponentially growing data volumes, managing and
leveraging information poses significant challenges, especially for
large enterprises grappling with diverse content generation and
organizational methods. OpenText IDOL rises to this challenge,
offering AI-powered solutions tailored to streamline data
management," said Muhi Majzoub, Chief Product Officer, OpenText.
"Our recognition as a leader, underscores for us our unwavering
dedication to pioneering and investing in AI-powered solutions like
the IDOL platform. We strive to empower our customers to not only
harness the wealth of the data and information at their disposal
today, but also to future-proof their businesses for tomorrow."
Download a complimentary copy of the Forrester Wave report to
learn more about why Forrester recognizes OpenText as a leader.
For more on OpenText's IDOL solutions, please visit:
https://www.opentext.com/products/idol-unstructured-data-analytics
About OpenText
OpenText, The Information Company™, enables organizations to
gain insight through market leading information management
solutions, powered by OpenText Cloud Editions. For more information
about OpenText (NASDAQ: OTEX, TSX: OTEX)
visit opentext.com
Connect with us:
OpenText CEO Mark Barrenechea's
blog
Twitter | LinkedIn
Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. Unless otherwise required by applicable
securities laws, OpenText disclaims any intention or obligations to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Further,
readers should note that we may announce information using our
website, press releases, securities law filings, public conference
calls, webcasts and the social media channels identified on the
Investors section of our website (https://investors.opentext.com).
Such social media channels may include the Company's or our CEO's
blog, Twitter account or LinkedIn account. The information posted
through such channels may be material. Accordingly, readers should
monitor such channels in addition to our other forms of
communication.
OTEX-G
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned
by OpenText. One or more patents may cover this product(s). For
more information, please
visit https://www.opentext.com/patents.
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SOURCE Open Text Corporation