Independent research firm acknowledges OpenText as a 'One-Stop Shop for ECM Functionality'
WATERLOO, Ontario, Oct. 8, 2013 /CNW/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM), today announced that it has been positioned as a leader across all Enterprise Content Management (ECM) technologies in The Forrester Wave™: Enterprise Content Management, Q3 20131 by leading analyst firm Forrester Research, Inc. This report follows another recent report by industry analyst firm, Radicati, which named OpenText a "Top Player" in its Enterprise Content Management - Market Quadrant 20132 report. OpenText believes that these reports consistently position the company as an influential and innovative provider of solutions within the ECM space.
Designed to help educate current and prospective customers on how vendors stack up against one another in the marketplace, these reports can assist companies in their decision to select the best ECM vendor for their business. The Forrester Wave report scored vendors on the breadth and capabilities of their current offering, their strategy in helping organizations align content management technologies with their customers' needs, and their overall market presence.
The Forrester Wave™ report states, "Vendors are moving to address customer demand for less-complex deployments and ECM platforms that can quickly deliver results." The report continues, "OpenText ranks as a leader across all segments [and] continues to remain the largest pure-play platform ECM vendor, with its ongoing acquisition strategy helping extend its ECM capabilities. BPM capabilities were ramped up with the acquisitions of both Global360 and Metastorm, while the EasyLink acquisition accelerated its cloud strategy with the addition of new data centers around the globe."
The OpenText ECM suite, was assessed on the breadth of the tool set and its extended capabilities for managing content and process, tying for the highest score among all reviewed vendors in Foundational Content Support for the Transactional Content Capabilities Wave category. Based on the scores for the current offering criteria, OpenText also ranked in the top three vendors for overall, transactional content capabilities, and business content capabilities Wave categories. The Forrester report states that foundational content technologies deliver 'a core set of required services, such as check-in/checkout, permissions, archiving, and basic workflow. Foundational ECM also includes support for records and retention management, taxonomy, search, and eDiscovery.' Business and transactional technologies center on capabilities such as document management and team collaboration, and multichannel capture and ERM, respectively.
"ECM has always been at the core of the OpenText EIM strategy, as it is fundamental in helping businesses improve how they operate and how they gain value from information. Our success in ECM resonates throughout our EIM offerings spanning BPM, CEM, Information Exchange, and Discovery," said Kevin Cochrane, OpenText Chief Marketing Officer. "Today's strategic CIOs can take confidence in knowing that OpenText has demonstrated continued leadership and innovation in the product sets they have invested in. It is our ability to listen to our customers and react, invent and reinvent that will keep us a long term leader in this space."
OpenText Enterprise Content Management (ECM) helps governs all information within the enterprise and helps ensure that it is securely stored and managed throughout its lifecycle. ECM is one of five foundational pillars in OpenText's Enterprise Information Management (EIM) strategy, designed to help businesses maximize the value of information and minimize its risk.
Download the ECM Forrester Wave report today!
A complimentary copy of the The Forrester Wave™: Enterprise Content Management, Q3 2013 report by Alan Weintraub, Craig Le Clair, and Cheryl McKinnon can be downloaded here: http://www.opentext.com/2/global/ecm-forrester-wave-report.htm
Learn more about OpenText EIM:
1Forrester Research, Inc., "The Forrester Wave™: Enterprise Content Management, Q3 2013," Alan Weintraub, Craig Le Clair, and Cheryl McKinnon with Leslie Owens and Emily Jedinak, September 2013.
2The Radacati Group, Inc., "Enterprise Content Management - Market Quadrant 2013," June 2013.
About OpenText
OpenText provides Enterprise Information Management software that helps companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more 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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SOURCE Open Text Corporation
Peter Gorman, OpenText, +1 617-669-4329, PublicRelations@OpenText.com; Jessica Mott, OpenText, +1 289-684-1756, PublicRelations@OpenText.com