WATERLOO, ON, Sept. 28 /CNW/ - Open Text(TM) Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), today announced that it has received the highest rating possible, a "Strong Positive," in leading analyst firm Gartner's 2009 "MarketScope* for Records Management," published on Sept. 10, 2009 and authored by Kenneth Chin.
According to Gartner's report, "Demand for records management solutions continues to grow, as the technology is imperative if an organization is to effectively implement an enterprise-wide records management program." According to Gartner, by 2013, 50 percent of all Global 2000 companies will implement enterprise-wide records management solutions.
The report also noted, "As emerging consumer and social software tools like wikis, blogs and Twitter are adopted at an enterprise level, this additional content may also need to be managed as records."
"We could not address the risks and regulatory challenges of information without a comprehensive records management solution," said Chuck Piotrowski, Corporate Records Manager, Central Vermont Public Service. "Open Text provides trusted technology leadership and expertise that has been essential to our success. With Open Text's fully integrated solution, records management becomes a core piece of ECM strategy, and we can use the solution to support enterprise applications such as SAP and Microsoft SharePoint."
"Records management remains a critical priority for our customers because the demands of regulatory and legal compliance are continuing to grow in most markets around the world," said Lubor Ptacek, Vice President of Product Marketing at Open Text. "Our focus has been to give customers the power to define consistent records management rules for content across a range of enterprise systems. That's ultimately what they need to implement a consistent records and compliance strategy for the entire organization."
Open Text's records management solution provides full lifecycle management of information, helping customers to automatically or manually file records according to key policy, regulatory and legal requirements. Open Text offers records management integrated with archiving, metadata management, search and storage management capabilities in its Enterprise Library, a foundation of the Open Text ECM Suite and its services-oriented architecture. Open Text's solutions provide records and content lifecycle management across multiple systems and applications, including SAP, Oracle, Microsoft SharePoint, email, file systems, digital assets, and more.
Open Text's records management solutions are compliant with key global standards for records management software, including the U.S. Department of Defense 5015.2-STD, the United Kingdom's TNA regulations and Australia's Victorian Electronic Records Strategy or VERS standard.
For more information on Open Text's records management solutions, go to: http://www.opentext.com/2/sol-products/sol-pro-records-management.htm. To access the full report visit: http://tinyurl.com/yd3l96b
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 www.opentext.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
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 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. 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.
*The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation 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 MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
SOURCE Open Text Corporation
For further information: For further information: Richard Maganini, Open Text, (847) 961-0662, email@example.com; Adam Lee, Europe, Open Text, 44 (0) 1189 848000, firstname.lastname@example.org; Leonie Cusack, Asia, Open Text, +61 (0) 2 9026 3400, email@example.com