Company Plans Next-Generation Web Solutions
WATERLOO, ON, Sept. 8 /PRNewswire-FirstCall/ - Open Text(TM) Corporation (NASDAQ: OTEX, TSX: OTC), the global independent leader in Enterprise Content Management (ECM), today announced plans to expand its suite of next-generation Web solutions with products and technologies from recently acquired Vignette playing a central role.
Open Text's plans are an extension of the company's strategy to maintain its leadership in comprehensive ECM solutions. Offered as part of the Open Text ECM Suite, the solutions will help organizations establish deeper connections to customers and use the Web as a channel for new revenues.
"We remain dedicated to all our customers and the Web content management solutions they rely upon. Our plan is not to eliminate products, but to offer solutions that help our customers effectively fulfill their unique, organizational needs - from strategic online initiatives to day-to-day site management tasks," said John Shackleton, President and Chief Executive Officer of Open Text.
Quickly evolving social networking, digital media and mobile applications are moving the Web beyond brand promotion to become a core component of business strategy. Bringing these technologies together for a more powerful online experience is critical to engaging customers in new ways, improving the effectiveness of marketing programs and guiding changes in business strategy that can increase revenue and improve operations.
"Chief Marketing Officers, and now Chief Executive Officers, recognize the need for a comprehensive Web business strategy," said Scott Bowen, Senior Vice President at Open Text. "We're seeing this trend from more of our large customers, across more industries, and the demand is for more sophisticated solutions that meet the fast-changing expectations in online experiences. Vignette adds the right technologies to our portfolio at the right time."
As part of this strategy, Open Text will leverage technologies from both Vignette and its existing solutions to deliver new next-generation Web offerings. Vignette Content Management will form the foundation of Open Text's Web business solutions, providing personalized and multi-channel capabilities integrated with the Open Text ECM Suite.
Now the world's largest provider of Web content management (WCM) solutions, Open Text has said it will continue to develop both Vignette Content Management and Open Text Web Solutions as complementary offerings to meet the full range of WCM needs, from easy-to-deploy, departmental applications to more complex global deployments. Open Text will release Vignette Content Management version 8.0 and Vignette Portal version 8.0 in the second half of 2009. The recently released Web Solutions 10.0 will be followed by the release of Web Solutions 10.1 in the first half of 2010. Within 24 months, Open Text will launch an offering that combines key strengths of Web Solutions with the Vignette Content Management platform, making it the undisputed market and technology leader for WCM.
Vignette Social Media Solutions (Community Applications and Community Services) will be the basis of a new Social Marketplace offering, which will be added to Open Text's Social Media solutions, targeting Internet-style social media interactions and enabling existing Web sites with social content. Current Open Text WCM customers will be able to take advantage of this new Social Marketplace package. In addition, Vignette Collaboration will continue to be enhanced as part of the underlying Vignette Social Media technology stack.
The company will announce more product plans in the weeks ahead, including related WCM modules and Vignette's Transactional Content Management product line. Open Text will also introduce a new product roadmap, which will include more details about its future Web business solutions, at its annual Content World 2009 Conference in October (http://www.opentext.com/contentworld/2009/)
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 50 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, drive revenue and customer engagement, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit www.opentext.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Open Text ECM Suite and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2009. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (C) 2009 by Open Text Corporation. OPEN TEXT, the OPEN TEXT ECM SUITE AND OPEN TEXT WEB SOLUTIONS 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.
SOURCE Open Text Corporation
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