WATERLOO, Ontario, Nov. 11, 2016 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that it has been positioned as a leader in Gartner's Magic Quadrant for Enterprise Content Management report, published on October, 31, 2016 by one of the leading worldwide research and advisory firms, Gartner, Inc. The report evaluated 15 Enterprise Content Management (ECM) vendors.
According to the Gartner report, "Shifting business requirements for digital content and new technologies are changing the ECM market." And, "By 2018, more than 20% of the enterprise content management solution sales will address multiorganization "ecosystem" content."
Gartner notes that, "The dynamics of the global ECM market are changing. As a practice, ECM is evolving into a strategic framework for services that target specific use cases and audiences. Meanwhile, the ECM technology market is becoming more purpose-driven, with the emergence of specialized technologies that can integrate tightly with affiliated content systems. This evolution creates new opportunities and options for application leaders in charge of ECM, especially those engaged in digital business initiatives that: Disrupt monolithic ECM solutions, which no longer meet organizations' fast-changing content requirements; Demand increasingly distributed, more diverse, smarter and more contextualized content and use cases; and Emphasize business-driven requirements to draw on LOB content management investments."
"We believe being recognized as a leader in this report underscores the commitment we have made to our customers to enable digital transformation through ECM," said Adam Howatson, chief marketing officer at OpenText. "The progression of our product offerings, both organically and through strategic acquisitions, allows us to offer a portfolio of rich solutions that evolve with market requirements and lead to success for our customers. With OpenText Release 16, we offer a complete and integrated platform to manage both structured and unstructured information throughout the enterprise from customer engagement to business insights, allowing customers to discover the value of their information and apply it for increased business success.
OpenText has continued to add technologies to expand its market position by further completing the vision of EIM from Engagement to Insight. OpenText Suite 16, complemented with Enhancement Pack 1 (EP1) is a major advance, with a modern UI and a strong focus on updated experiences for the integrated ECM, BPM and analytics suites. OpenText maintains a wide portfolio of solutions and services that can meet many vertical needs including legal, life sciences, government and healthcare.
OpenText Content Suite is designed to help organizations take full advantage of the opportunities offered through digital transformation. By creating a centralized, unified information backbone, OpenText Content Suite connects information from across the enterprise with the people and systems that need it, driving productivity with simple, intuitive tools and user experiences. OpenText Content Suite is part of OpenText Release 16, a comprehensive, integrated digital information platform that enables customers to digitize any business process, managing information through its entire lifecycle. OpenText Release 16 comprehensively enables the flow of information in a digital enterprise from Engagement to Insight.
Magic Quadrants provide a graphical comparative positioning of technology and service providers where market growth is high and provider differentiation is distinct. Magic Quadrants depict markets in the middle phases of their life cycle by using a two-dimensional matrix that evaluates vendors based on their "Completeness of Vision" and "Ability to Execute. "Leaders provide mature offerings that meet market demand and have demonstrated the vision necessary to sustain their market position as requirements evolve. The hallmark of Leaders is that they focus on, and invest in, their offerings to the point where they lead the market and can affect its overall direction. As a result, Leaders can become the vendors to watch as you try to understand how new market offerings might evolve. Leaders typically possess a large, satisfied customer base (relative to the size of the market) and enjoy high visibility within the market. Their size and financial strength enable them to remain viable in a challenging economy. Leaders typically respond to a wide market audience by supporting broad market requirements. However, they may fail to meet the specific needs of vertical markets or other more specialized segments."*
Click here to download a complimentary copy of the report.
*Gartner, How Markets and Vendors Are Evaluated in Gartner Magic Quadrants, 22 January 2016
Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About OpenText OpenText enables the digital world, creating a better way for organizations to work with information, on-premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTC) visit 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.