WATERLOO, Ontario, Oct. 20, 2014 /CNW/ -- OpenText™ (NASDAQ: OTEX,TSX: OTC), the global leader in Enterprise Information Management (EIM), today announced that it has been positioned as a leader in Gartner's Magic Quadrant for Enterprise Content Management1 report. Recently published by one of the leading worldwide research and advisory firms, Gartner, Inc., the report evaluates 22 vendors that address a range of user constituencies and business requirements in its annual Magic Quadrant for ECM.
According to the Gartner report, "the worldwide market for ECM software grew by 8.6% in 2013, to a revenue total of $5.1 billion, which indicates that ECM technologies continue to attract more users and deliver value to enterprises. In addition to focusing on solutions to meet this demand, more ECM vendors are offering cloud-based environments, mobile interfaces and social capabilities to meet the market's needs."
The report also recognizes that "the "concept of 'content in context' will be key to this market's evolution as enterprises increasingly need content to be delivered in a personalized fashion — to the right people, at the right time, on the right devices, and in the context of particular business processes or needs."
"With the exponential growth of enterprise information, a variety of mobile devices on which to view it and deployment options on premises or in the cloud, it has become more difficult than ever to manage the information flow throughout the organization," said Muhi Majzoub, senior vice president of Engineering at OpenText. "Our Content Suite offers an agile information governance strategy designed to reduce risk and mitigate the cost of growing volumes of content in the enterprise while allowing CIOs to focus on using information to drive growth and innovation."
OpenText Content Suite is designed to facilitate the digital transformation in the enterprise while reducing risk and mitigating the cost of growing volumes of content. Content Suite is part of OpenText's EIM strategy, which enables organizations to discover and manage information to spur growth and innovation across their organization, increasing time to competitive advantage. Consisting of five comprehensive and integrated product suites, OpenText's EIM strategy delivers a unified developer platform, engaging and consistent user experience and deep integration across suites to enable comprehensive information flows across the extended enterprise.
The Magic Quadrant provides a graphical competitive positioning of four types of technology providers, in markets where growth is high and provider differentiation is distinct. Quadrant leaders execute well against their current vision and are well positioned for tomorrow. Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. In the context of ECM, they have strong channel partners, presence in multiple regions, consistent financial performance, broad platform support and good customer support. Leaders deliver a suite that addresses demand for direct delivery of the majority of core components, although these are not necessarily owned by them, tightly integrated, unique or best of breed in each area.
Download the full Gartner Magic Quadrant for Enterprise Content Management: www.opentext.com/gartnermagicquadrant
Learn more about OpenText EIM:
- Read Mark Barrenechea's blog: http://www.opentext.com/portal/site/communities/ceo-blog
- Attend Enterprise World 2014: http://www.opentext.com/campaigns/enterprise-world-2014
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1. Gartner, Inc., "Magic Quadrant for Enterprise Content Management"; Mark R. Gilbert, Karen M. Shegda, Kenneth Chin, Gavin Tay, Hanns Koehler-Kruener; 25 September 2014
OpenText is the leader in Enterprise Information Management, helping customers to create a Digital-First World by simplifying, transforming, and accelerating their information needs. Over 100,000 customers already use OpenText solutions, either on premises or in our cloud. For more information about OpenText (NASDAQ: OTEX;TSX: OTC), please visit: www.opentext.com.
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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