OpenText Named a Leader in IDC MarketScape Vendor Assessment for Multi-Enterprise Supply Chain Commerce Network

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Dec 20, 2018, 09:02 ET

WATERLOO, Ontario, Dec. 20, 2018 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced it has been positioned as a Leader in the IDC MarketScape Multi-Enterprise Supply Chain Commerce Network 2018 Vendor Assessment based on the company's innovative strategy and proven capability.

"Supply chains are the lifeblood of the intelligent and connected enterprise," said OpenText CEO & CTO Mark J. Barrenechea. "The OpenText Business Network enables trillions in annual commerce through a network of a million trading partners. OpenText provides companies leading digital technology for secure, global and reusable application networks. We are committed to innovating and delivering solutions that enable deeper insights through integrated AI and machine learning technology."

According to the IDC MarketScape report, "As a proven vendor in the SCCN space, OpenText wins deals because of their proven scale, expertise, global reach, and focus on investment and growth. Leading companies that depend on a proven solution and business partner to power their global supply chains and ensure business continuity select OpenText."

OpenText Business Network provides a cloud platform connecting people, systems, and things to facilitate efficient, secure, and compliant collaboration across digital supply chains and business ecosystems. OpenText combines proven leadership and global scale, with ongoing innovation and investment in its core services—the Trading Grid and B2B Managed Services. With embedded analytics, self-service, and a suite of SaaS applications for procure to pay and order to cash optimization, OpenText helps customers:

Simplify complex Business 2 Business operations
Enable Application 2 Application networks
Accelerate time to revenue
Improve customer experiences
Innovate and deliver new sources of value to customers

Click here to download a complimentary excerpt copy of the report.

IDC, IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2018 Vendor Assessment, (Doc# US44514117), December 19, 2018.

About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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.

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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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