Europe's Largest EIM Conference Launches Organizations on a Path to Information Advantage

OpenText Enterprise World Europe Opens Today in Vienna

WATERLOO, Ontario, March 13, 2019 /CNW/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a global leader in Enterprise Information Management (EIM), officially kicked-off Enterprise World Europe today, connecting 1500 customers, partners and senior executives from 56 different countries to discuss issues facing intelligent and connected enterprises. Enterprise World Europe reflects the growing global importance of EIM strategies and solutions for the business community across Europe along with OpenText's commitment to the region.

In his keynote address opening the event, OpenText CEO & CTO Mark J. Barrenechea shared insights on how leaders must think beyond traditional systems to a modern EIM strategy, helping organizations secure an information advantage.

"The fourth industrial revolution is creating new businesses, new business models and creating a new wave of innovation. At Enterprise World Europe we are helping our customers and partners to innovate and find the opportunities in this disruption," said OpenText CEO & CTO Mark J. Barrenechea. "New ways of working, agile new business models, and global opportunities for collaboration and partnership make this a time where we can re:imagine business and create lasting and resilient organizations."

An EIM Platform Designed to Deliver an Informational Advantage 
Businesses need a new set of skills and talents to seize new opportunities. At the same time, the global workforce is becoming younger and increasingly nomadic. Technology plays an important role in linking talent to value—ensuring that the right information is in the right hands. Embedding security throughout information-intensive business processes ensures that data security and governance can be maintained throughout these distributed systems. AI and Automation are bringing new insight, combining the creativity and talent of a human workforce, with the scale and power of computing.

"The information stored by enterprises can offer profound competitive advantages. Purchase orders, invoices, RFPs, employee records and call center transcripts, all hold important pieces of insight," continued Barrenechea. "With EIM, organizations can transform their decision making, leveraging their expertise and adding value. In short – we see EIM as a strategy for many of today's most pressing business challenges."

A Cloud Strategy Designed for the Fourth Industrial Revolution
OpenText is working to solve the cloud challenge for global businesses operating in a world of near zero trust. By combining powerful applications with an enterprise-grade cloud, customers can shift to on-cloud solutions which allow them to consolidate, secure and innovate with confidence.

OpenText Cloud and B2B Managed Services bring the global reach, uptime, and connectivity required to build transformative applications and business services. With the launch of OT2, OpenText offers EIM-as-service, with industry-relevant SaaS apps and a vibrant set of micro-services designed to facilitate flexible and scalable deployments.

This strategy is resonating. According to 451 Research, "Enterprise IT architectures are increasingly hybrid as organizations migrate legacy workloads to the cloud or build new applications there. The reasons for this trend are many: the scalability of cloud resources affords enterprises more flexibility, can lead to reduced costs and helps streamline resource management."

Total Growth Strategy Continues to Deliver
OpenText has become a market-leader in EIM through a total growth strategy combined of organic innovation and strategic acquisitions. Recent acquisitions are augmenting OpenText leadership in key areas of the business; fresh talent and technology deliver new services and products for OpenText customers.

• The purchase of Liaison Technologies, further extends the reach of the OpenText Business Network into application-to-application communication.
• The acquisition of Catalyst deepens OpenText offerings in the LegalTech space and expands the reach of OpenText eDiscovery solutions.

Thank you to Enterprise World Europe Diamond Sponsors
OpenText Enterprise World Europe is made possible with the support of the world's leading technology and systems integration companies. Accenture, Atos, Capgemini, Complon, delaware, Deloitte, SAP and TerraLink have joined the event as diamond sponsors.

Visit the Enterprise World Expo Hall to engage with these partners and see how they work with OpenText to empower connected and intelligent enterprises.

For the latest news on OpenText Enterprise World, visit https://blogs.opentext.com/category/enterprise-world/.  

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

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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. 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.

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Ryan Hill, OpenText, 416-524-6794, [email protected], http://www.OpenText.com