Open Text Receives "Strong Positive" Rating in Leading Analyst Firm's Enterprise Records Management MarketScope Report

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Sep 30, 2010, 09:20 ET

    Open Text Records Management Delivers Seamless Microsoft SharePoint, SAP
    Integration, Full Information Governance as Part of Open Text ECM Suite

WATERLOO, ON, Sept. 30 /PRNewswire-FirstCall/ - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), the preeminent provider of enterprise content management (ECM) software, today announced that Open Text Records Management, a fully integrated component of the Open Text ECM Suite, has received the highest possible rating of "Strong Positive" in Gartner's new report entitled "MarketScope for Enterprise Records Management."*

Gartner's MarketScope provides specific guidance for users who are deploying, or have deployed, products or services. A vendor with a "Strong Positive" rating is viewed by Gartner as a provider of strategic products, services or solutions, meaning that current customers should continue with investments while potential customers should consider the vendor a strong choice for strategic investments. View the full report here: http://campaigns.opentext.com/?elqPURLPage=1267

Open Text Records Management helps organizations safeguard against the liability, risk and cost of content and provides a way to verify the integrity of business practices. By ensuring that business policies and legal requirements govern the retention and disposition of content, Open Text Records Management helps organizations comply with worldwide regulations, standards, and certifications, such as U.S. DoD 5015.2, U.S. FDA 21 CFR Part 11, U.S. SEC Rule 17a, Europe's MoReq, and Australia's VERS. Open Text Records Management is a service provided to all applications of the Open Text ECM Suite and uses the core enterprise archiving capabilities of the suite.

A key component of the Open Text ECM Suite, Open Text Records Management provides the ability to manage content classification and taxonomies, retention and disposition, and legal holds. Open Text Records Management features are embedded in the interface of common corporate applications such as SAP and Microsoft Office, Outlook and SharePoint. By providing a common records management service for all forms of content across the enterprise, Open Text Records Management provides an automated system that removes the complexities of records management and makes the process transparent to end users. The system also provides extensive support for control of physical items.

"While the business case for records management has become more urgent with more stringent regulations globally and changing e-discovery rules, the challenge of capturing and preserving content is becoming more difficult as the diversity of content expands," said Lubor Ptacek, Vice President of Product Marketing at Open Text. "We believe Gartner's rating confirms our strategy of making records management an integral part of the enterprise fabric, allowing users to adopt records management practices without changing the way they work."

About the MarketScope

The MarketScope is copyrighted August 23, 2010 by Gartner, Inc., and is reused with permission. The MarketScope is an evaluation 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 MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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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, OPEN TEXT RECORDS MANAGEMENT and 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.

* Gartner, Inc. "MarketScope for Enterprise Records Management" by Kenneth Chin, August 23, 2010

SOURCE Open Text Corporation