Open Text Positioned as a Leader in the 2010 Magic Quadrant for Web Content Management
Evaluation Based on Completeness of Vision and Ability to Execute
WATERLOO, ON, Sept. 16 /PRNewswire-FirstCall/ - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), the preeminent provider of enterprise content management (ECM) software, today announced it has been positioned by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant for Web Content Management,"* based on an evaluation of the company's ability to execute and its completeness of vision.
The Gartner report helps CIOs, business and IT leaders who are analyzing their Web strategies to consider whether they have the right WCM offering to support their business goals. View the full report here (http://tinyurl.com/2cvsnex).
The report paints a picture of a fast-growing, dynamic market, stating: "The WCM software market achieved total revenue of $890 million in 2009, despite recessions in many major economies, and will likely exceed $1 billion in 2010." Gartner also projects that "the market will see a compound annual growth rate of 14 percent from 2009 to 2014. These numbers reflect enterprises' increasing emphasis on the online channel and improving visitors' experience. This level of growth has also led WCM to comprise a greater proportion of the overall enterprise content management (ECM) market than ever. In 2010, WCM will account for over 26% of this market."
"We believe our presence as a "Leader" in the Web Content Management quadrant by Gartner affirms our strategy and continued investment in this space. The success we are having in helping some of the world's top brands improve their customers' Web experience is evident in our placement in this report," said Lubor Ptacek, Vice President of Product Marketing at Open Text. "We continue to innovate and execute on our WCM roadmap as illustrated by the recent release of Web Site Management 10.1 (http://tinyurl.com/2c93c8w) and continued rollout of new capabilities and streamline integrations of Web Experience Management into the ECM Suite."
The world's largest provider of WCM solutions, Open Text meets the full range of customers' WCM needs - from easy-to-deploy, departmental applications to more complex dynamic highly scalable Web deployments - with Open Text Web Site Management and Open Text Web Experience Management (Vignette). Open Text will continue to add incremental features, integrations and innovative capabilities to both products to further strengthen Open Text's leadership position in the fast-growing WCM market.
For more information on Open Text Web Content Management solutions, go to: http://www.opentext.com/2/global/sol-tec-wcm.htm.
Follow Open Text on Twitter: @opentext (http://twitter.com/OpenText)
*Gartner, Inc. Magic Quadrant for Web Content Management, Mick MacComascaigh, Toby Bell, Jim Murphy, August 19, 2010.
About the Magic Quadrant
The Magic Quadrant is copyrighted August 19, 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation 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 Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Open Text
Open Text, the preeminent enterprise content management software solutions company, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 100 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.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on the Open Text'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. Open Text's assumptions, although considered reasonable by the company at the date of this press release, may provide 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 the Open Text'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, Open Text 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 (C) 2010 by Open Text Corporation. OPEN TEXT 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.
SOURCE Open Text Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article