Evaluation Based on Completeness of Vision and Ability to Execute
WATERLOO, ON, Feb. 10 /PRNewswire/ - OpenText (NASDAQ: OTEX, TSX: OTC) today announced it has been positioned by Gartner, Inc. in the "Leaders" Quadrant of the "Magic Quadrant for Enterprise Content Management"1 based on the company's ability to execute and its completeness of vision.
The Gartner report helps CIOs and business and IT leaders who are developing ECM strategies to assess whether vendors have the right products and enterprise platforms to support them. View the full report here: Gartner Magic Quadrant for Enterprise Content Management 2010
According to the report, "Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They are doing well and are prepared for the future with a clearly articulated vision. In the context of ECM, they have strong channel partners, presence in multiple regions, consistent financial performance, broad platform support and good customer support. In addition, they dominate in one or more technology or vertical market. Leaders deliver a suite that addresses market demand for direct delivery of the majority of core components, though these are not necessarily owned by them, tightly integrated, unique or best-of-breed in each area. We place more emphasis this year on demonstrated enterprise deployments; integration with other business applications and content repositories; incorporation of Web 2.0 and XML capabilities; and vertical-process and horizontal-solution focus. Leaders should drive market transformation. There are six Leaders in this year's Magic Quadrant."
The report notes that, "ECM is becoming as much an essential part of enterprise information infrastructure as it is an investment in strategies suites and solutions." Gartner forecasts the total software revenue in the ECM market will grow at a compound annual rate of 10.1 percent through 2014. Strong growth is expected to start in 2010, with growth rates climbing to double digits and worldwide ECM software revenue exceeding $5.7 billion by 2014.
"We believe OpenText's position as a 'Leader' in the Enterprise Content Management quadrant by Gartner confirms our continued investments in offering customers the industry's most comprehensive, fully integrated ECM solution suite," said Lubor Ptacek, Vice President of Product Marketing at OpenText. "With the recent debut of ECM Suite 2010, our largest innovation effort in the company's history, OpenText's core focus is helping our customers across the globe regain control and effectively manage their content so they can run a more productive and profitable business."
OpenText gives organizations the power to move ECM beyond projects or functional deployments, where ECM crosses systems and departments to add greater value, helping to reduce costs, increase productivity and drive revenue growth. The unique value of ECM Suite 2010 is its combination of integrated technologies covering all aspects of ECM.
For more information on ECM Suite 2010, go to: http://www.opentext.com/2/global/sol-products/sol-pro-open-text-ecm-suite.htm.
Follow OpenText on Twitter: @opentext
About the Magic Quadrant
The Magic Quadrant is copyrighted 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.
1 Gartner "Magic Quadrant for Enterprise Content Management" by Toby Bell, Karen M. Shegda, Mark R. Gilbert, Kenneth Chin, 16 November 2010.
OpenText, a global ECM leader, helps organizations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting 100 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts™ 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 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.
Copyright © 2010 by OpenText Corporation. OPENTEXT and the OPENTEXT ECM SUITE are trademarks or registered trademarks of OpenText 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 OpenText Corporation or other respective owners.
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