OpenText Receives 2020 SAP® Pinnacle Award SAP Solution Extensions Partner of the Year

Award-winning Solutions Featured in New OpenText Digital Zone for Businesses using SAP® solutions

WATERLOO, ON, June 16, 2020 /CNW/ -- OpenTextTM (NASDAQ: OTEX), (TSX: OTEX), today announced that it has received an 2020 SAP® Pinnacle Award as the SAP Solution Extension Partner of the Year – Platforms and Technology (On Premise). SAP presents these awards annually to partners that have developed their partnership with SAP and excel in helping customers run better. Winners and finalists in 34 categories were chosen based on recommendations from SAP, customer feedback and performance indicators.

"The OpenText partnership with SAP is more important than ever. Together, we are providing our customers with the technology and business solutions they need to build digital and resilient organizations that can operate with unprecedented speed and agility," said OpenText CEO & CTO Mark J. Barrenechea. "On behalf of our joint customers, we are honored to receive the SAP Pinnacle Award. We remained focused on working with SAP to support our customers throughout the seminal moments of today, and to capture the promise or tomorrow."

The SAP Solution Extension Partner of the Year award recognizes an SAP partner that offers solution extensions for SAP software in the Platforms and Technology (On Premise). The winning partner is selected based on technology innovation, market impact, and demonstration of customer impact. OpenText is SAP's largest solution extension partner, delivering highly integrated solutions that provide an information advantage to businesses using SAP technology.

"Our industry has seen a lot of change over the past decade, but what hasn't changed is the strength and scale of our ecosystem," said Christian Klein, CEO of SAP. "Partners are the heart and soul of our vision for the Intelligent Enterprise and play an important role in turning this vision into reality for our customers. We look forward to continuing to work with OpenText to help our customers succeed – now and in the future."

Sharn Gamman, Commercial Operations Process and Training Manager at Foodstuffs North Island, a grocery co-operative, commented, "Our stores are our stakeholders and we essentially provide a service to them. When we recognized an opportunity to improve accounts processing and positively impact store cash flow, we decided to take action to digitize processes using OpenText. There is now a very strong focus on efficiency and cost savings, and low-cost purchasing models in our support center. The integrated OpenText Suite for SAP solution has helped us do this and extract even more value from our SAP implementation."

Join OpenText in the new Digital Zone - Helping SAP Customers Run Resilient
OpenText has launched an interactive online resource, the OpenText Digital Zone, to help businesses using SAP technology understand the powerful solution extensions available to connect their digital business. The program features practical strategies to help customers run resilient, accelerate the path to SAP S/4HANA, digitize finance process for order to cash and procurement to pay, and deliver exceptional workplace experiences through SAP SuccessFactors solutions.

The next Digital Zone event, Digital isn't optional anymore: Accelerate the path to SAP S/4HANA and rapidly digitize processes with Extended ECM, will take place June 30 at 11am EDT / 5pm CEST. This event explores real-world examples of customers that are re-evaluating their business with SAP S/4HANA and intelligent content management from OpenText.

Registration for the OpenText Digital Zone is free and available online here.

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.

Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn

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.

Copyright © 2020 Open Text. All rights reserved. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text or other respective owners.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

OTEX-G

View original content to download multimedia:http://www.prnewswire.com/news-releases/opentext-receives-2020-sap-pinnacle-award-sap-solution-extensions-partner-of-the-year-301077596.html

SOURCE Open Text Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2020/16/c7229.html