Independent Research Firm Cites OpenText Among Vendors Who Are "Longtime Leaders in Both the Management of Business and Transactional Content"
WATERLOO, Ontario, Sept. 10, 2015 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that analyst firm Forrester Research, Inc. (Nasdaq: FORR) has named OpenText as a leader in its new report, "The Forrester Wave™: ECM Business Content Services, Q3 2015." Forrester's report takes a comprehensive look inside the Enterprise Content Management (ECM) market, evaluating 11 of the most significant software providers in the area of ECM business content services.
According to the Forrester report, "OpenText holds true to its longtime strategy of offering content life-cycle management, discovery, and security services for large enterprises, particularly those with rigorous regulatory compliance requirements. OpenText has made important investments in secure file-sharing, synchronization, and team collaboration with its Tempo product line and aggressive investments in cloud capabilities. Its recent acquisitions expand its global reach with data centers and accelerate its move to managed services and subscription revenue."
"Following our recent citation as a leader in The Forrester Wave™: ECM Transactional Content Services, Q3 2015, we are thrilled to once again be recognized as a leader," said Adam Howatson, Chief Marketing Officer for OpenText. "OpenText is the complete package, not just excelling in one piece of the ECM puzzle but leading in all aspects to offer the tools and resources needed to achieve success. As the ECM market evolves, we continue to focus on helping our customers extract the most value from the information while mitigating its risks."
Worldwide, Forrester estimates enterprise content management to be a market worth $9 billion in 2015. Forrester states business content "typically originates inside the enterprise," and that "core library services such as check-in/checkout, access controls, life-cycle management, search, and taxonomy (metadata and/or folder structures) continue to be essential capabilities for ECM technologies that address the business or transactional, or both, use cases. These core capabilities are also fundamental to the emerging content platform market, whereby both established and new vendors offer modern, cloud-friendly repositories that serve as the foundation for mobile-enabled content applications."
The Forrester Wave™ evaluation is used to "assess the state of the ECM for business content services market and see how the vendors stack up against each other." The report noted that the selection criteria for the vendors in the 31-criteria evaluation of ECM business content services included; Breadth of Functionality, leadership in content management, a proven enterprise track record, and interest from Forrester clients.
OpenText Content Suite features an array of ECM solutions designed to help organizations amplify value and effectively govern the vast amounts of information flowing across their enterprises. OpenText Content Suite and OpenText ECM solutions for SAP, Oracle, and Microsoft automate the end-to-end capture and processing of business data by embedding ECM in lead applications. By allowing content to be delivered in context with business processes while focusing on simplified and collaborative user experiences, OpenText solutions help drive ECM adoption and ensure success through a balanced approach to risk and value.
OpenText enables the digital world by simplifying, transforming, and accelerating enterprise information needs, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTC) visit opentext.com.
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