Open Text Extends Global Agreement with HP to Help Customers Improve Business Processes and Compliance9 May 2006
Open Text(TM) Corporation (Nasdaq: OTEX, TSX: OTC), a leading provider of Enterprise Content Management (ECM) software, announced today that it has extended its global agreement with HP to provide customers with solutions that improve the way documents, emails and other information are managed though complex business processes.
Focusing initially on Europe, the companies will provide solutions that address the high costs and compliance risks of managing and storing information, while making operations more efficient. The extended agreement will make Open Text a top ECM partner for HP.
Companies today struggle with vast amounts of electronic information, which can slow operations and create legal and regulatory problems if not managed properly. The solutions from Open Text and HP will help better manage information throughout its lifecycle in ways that meet both compliance rules and efficiency demands. The solutions will use Open Text's Livelink ECM software and compliance solutions with HP Integrity servers and the HP StorageWorks File System Extender offering.
In addition to Europe, the companies will focus on opportunities in North America to work with systems integrators and consultants on compliance solutions. Open Text and HP's combined offerings are particularly useful in helping customers manage the massive volumes of documents and other content generated by ERP systems that run critical business functions, such as finance and human resources.
"Our customers in Europe and worldwide are embracing HP Integrity servers as a key platform to run business-critical systems," said Peter Jelinski, Senior Vice President, Products and Solutions Segments at Open Text. "HP and Open Text are long-standing partners, but with this announcement we are building a more strategic relationship that matches our complementary offerings with the increasingly complex information management challenges our customers are facing."
"Customers need to leverage the power of their information to gain a competitive business advantage," said Frank Harbist, Vice President and General Manager, ILM and Storage Software, StorageWorks Division, HP. "To get there, they are increasingly demanding sophisticated solutions, and the combined offerings from HP and Open Text not only provide leading capabilities in records management and email management, but also address the complexities of capturing, managing, retaining and delivering information throughout its lifecycle across the enterprise."
Open Text is a member of the HP StorageWorks Information Lifecycle Management Partner Program and one of a growing number of software companies that supports the HP Integrity server family.
About Open Text
Open Text(TM) is a leading provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995
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 Livelink 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, 2005. 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) 2006 by Open Text Corporation. LIVELINK and OPEN TEXT 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.
For further information: Margaret Dobbin, Director, Industry Analyst Relations, Open Text Corporation, (519) 888-7111 ext.2410, mdobbin@opentext.com; Richard Maganini, Director, Corporate Communications, Open Text Corporation, (847) 267-9330 ext.4266, rmaganin@opentext.com; Brian Edwards, McKenzie Worldwide, (503) 577-4583, briane@mckenzieworldwide.com; To request a free copy of this organization's annual report, please go to http://www.newswire.ca and click on Tools for Investors.
Source: newswire
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