Radicati Group Names OpenText a "Top Player" in ECM Market Recent report recognizes OpenText's strong presence as an innovative provider in the Enterprise Content Management space
WATERLOO, Ontario, Oct. 7, 2013 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM), today announced that it has been named a "Top Player" in Enterprise Content Management - Market Quadrant 20131, a recent report published by industry analyst firm, The Radicati Group, Inc.
Providing a detailed overview of strengths and weaknesses, the Radicati Group report looked at functionality and market share to decipher "specialists," "trailblazers," "top players" and "mature players" within the market. In order for a vendor to be positioned on the right-hand side of the quadrant as either a "trailblazer" or "top player" they must have demonstrated a number of capabilities including Capture, Web Content Management (WCM), Document Management, Document Imaging, Records Management, and Business Process Management (BPM). Social and mobile, considered advanced ECM capabilities, helped vendors to attain a higher placement within the quadrant.
According to the Radicati Group report, "Vendors don't become "top players" overnight. As companies reach this stage, they must fight complacency and continue product innovation, or else they'll be replaced by the next generation of "trailblazers."" Highlighting OpenText's flagship product and ability to respond to customer demand through continuous innovation, the report adds, "The OpenText ECM Suite has tightly integrated, easy-to-use workflow features for modeling and execution of both structured and ad-hoc processes. It provides a seamless user experience inclusive of mobility and is integrated with other OpenText products such as Capture Center. For organizations with high volume, complex processes or those that integrate with other systems, OpenText BPM and Smart Applications can be used in conjunction with ECM."
Earning impressive reviews and scoring a 9 out of 10 for functionality, the OpenText ECM suite was acknowledged for key strengths including its broad range of customer experience management (CEM) tools, its strong partner network, and its ability to develop and present specialized ECM solutions to specific industries. Radicati Group states, "The company has become the go-to vendor in many industries including: public sector, financial services, healthcare, legal, utilities, oil and gas, and more."
"We're very pleased to be noted among the best of the best in the ECM market," said Kevin Cochrane, OpenText Chief Marketing Officer. "It's especially nice to be recognized for our efforts in delivering ECM solutions that enable our customers to be social and mobile – capabilities that are proving to be essential for conducting business in this day and age."
OpenText Enterprise Content Management (ECM) helps govern all information within the enterprise and helps ensure that it is securely stored and managed throughout its lifecycle. ECM is one of five foundational pillars in OpenText's Enterprise Information Management (EIM) strategy, designed to help businesses maximize the value of information and minimize its risk.
Download the Radicati Group report today!
A complimentary copy of the Enterprise Content Management - Market Quadrant 2013 report can be downloaded here: www.opentext.com/Radicati-ECM-2013
Learn more about OpenText EIM:
- Register now to secure your spot! Be part of the Information Enterprise experience as new innovations in ECM are unveiled at OpenText Enterprise World 2013 in Orlando, Florida, November 17-21
- Read the blog of Mark Barrenechea, OpenText's CEO
- OpenText EIM Resource Center offers the latest customer videos, whitepapers and more
- Connect with OpenText:
1The Radicati Group, Inc., "Enterprise Content Management - Market Quadrant 2013," June 2013.
OpenText provides Enterprise Information Management software that helps companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please 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 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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