Customers Embrace SAP(R) Solution Extensions for Enterprise Content Management Delivered by Open Text, Citing Tight Integration and Robust Functionality
WATERLOO, ON, May 17 /CNW/ - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), the preeminent provider of enterprise content management (ECM) software, today announced that its strategic relationship with SAP AG has been embraced by a broad cross section of leading enterprises and government agencies around the world.
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Under the highly successful partnership between the two companies, SAP resells Open Text ECM software as solution extensions that integrate easily with SAP(R) software and provide functionality for regulatory compliance and e-discovery, managing digital media assets, or content-enabling SAP solution-based business processes. Currently, SAP resells a total of six solution extensions that are powered by Open Text solutions - SAP Digital Asset Management, SAP Extended ECM, SAP Archiving, SAP Document Access, and SAP Invoice Management applications by Open Text - making Open Text solutions among the most strategic and widely licensed by customers in 2009.
Facing growing volumes of unstructured content - estimated at 75 to 80 percent of all enterprise information - such as email, documents or videos and photos, enterprises are turning to ECM solutions to gain control over this content. Enterprises see breakthrough results when they can link this content to SAP transactions and data, while giving users the ability to directly access content from the SAP user interface or through the SAP NetWeaver(R) Portal.
Open Text and SAP have been working together for over 20 years, and more than 3,000 customers are currently using Open Text software to manage their SAP content more efficiently. All SAP solution extensions go through a rigorous testing process to ensure they deliver the highest levels of quality and integration with SAP software. In most cases, the point where SAP software ends and Open Text software begins is transparent to the user.
An example of how the Open Text software has been embraced by customers is MLP AG, a leading financial services and wealth management consulting company, which recently expanded its use of the Open Text ECM Suite to include customer information management capabilities and self-service portals for more than 4,000 users.
"Of the options we explored, Open Text clearly demonstrated the deepest integration and closest partnership with SAP, along with more successful customer references," said Klaus Strumberger, MLP CIO. "The outstanding scalability of Open Text solutions was an added benefit, as was the company's impressive product roadmap."
Northrop Grumman Corporation, a global defense and technology company, uses Vendor Invoice Management to optimize and simplify the process of creating, managing, monitoring, and routing purchase orders and invoices for AP personnel and others. Fully integrated with the SAP ERP application, the VIM solution resides inside the SAP software environment and provides a high level of reliability and security.
The first reselling agreement between SAP and Open Text was announced in May 2007 for archiving and document access. Since then the agreements have been extended multiple times to include vendor invoice management, extended ECM and digital asset management.
"The tight integration of Open Text ECM solutions with SAP software has proven to be of significant value to customers, and as a result, we are seeing strong global customer adoption of SAP solution extensions by Open Text," said Tom Roberts, Global Vice President, Global Ecosystem and Partner Group, SAP. "Content management is one of the hottest areas in enterprise software today, and through our strategic partnership with Open Text we are well equipped to meet this demand."
Open Text Chief Executive Officer John Shackleton similarly emphasized the importance of the SAP partnership to Open Text: "Without question, our partnership with SAP has been a vital factor in the growth we have seen over the past three years. We are fully committed to delivering new and innovative solutions that integrate with SAP solutions while also continuing to work closely with SAP and consulting partners to further ensure long-term customer success with our ECM technologies."
Major Presence at SAPPHIRE NOW - Orlando and Frankfurt
SAP solution extensions by Open Text, including the latest SAP Extended ECM application by Open Text, will be available for customers to experience at the SAPPHIRE(R) NOW customer conference and networking event, being held simultaneously in Orlando, Fla., and Frankfurt, Germany, May 17-19. Open Text experts will be on hand in booth 2821 in Orlando and booth 823 in Frankfurt.
Attendees of SAPPHIRE NOW in Orlando will be able to hear from Open Text experts such as Tom Walker, portfolio manager at Open Text, who will deliver a talk on the invoice-to-pay process, as well as from numerous customers and peers during roundtables and other activities throughout the conference. Similar sessions will take place at SAPPHIRE NOW in Frankfurt, with experts such as Hans-Gerd Schaal, general manager, SAP solution group EMEA at Open Text, who will participate in customer round tables on a variety of topics. For more information, go to: http://www.opentext.com/2/ex_event.html?id=701200000003LLN
Attendees in Orlando will also be able to learn how Open Text partners such as Deloitte can help them deploy powerful business solutions across the enterprise.
"We are seeing strong demand from global enterprises for full lifecycle implementation of ECM solutions," said Barbara Venneman, Information Management Partner at Deloitte. "By assisting our customers in implementing Open Text ECM solutions, we are able to help our clients across multiple industry segments derive significantly more value from their investments in SAP solutions and their information assets."
About Open Text
Open Text, the preeminent enterprise content management software solutions company, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 100 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 www.opentext.com.
Open Text Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on the Open Text'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. Open Text's assumptions, although considered reasonable by the company at the date of this press release, may provide 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 the Open Text's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, Open Text disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SAP Forward-looking Statement
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Copyright (C) 2010 by Open Text Corporation. OPEN TEXT and the OPEN TEXT 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. SAP, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several 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.
SOURCE Open Text Corporation
For further information: For further information: Richard Maganini, Open Text Corporation, (847) 961-0662, firstname.lastname@example.org; Stephanie Fazio, Open Text Corporation, (519) 888-7111, x2429, email@example.com