Open Text Corporation
NASDAQ : OTEX
TSX : OTC

Open Text Corporation

October 19, 2005 09:25 ET

Open Text Launches Digital Media Group

ORLANDO, FLORIDA--(CCNMatthews - Oct. 19, 2005) - GARTNER SYMPOSIUM/Itxpo

Artesia Subsidiary is Core of New Specialty Business Serving Media, Entertainment Industry, Growing Digital Content Needs of Large Non-Media Companies

Open Text™ Corporation (TSX:OTC)(NASDAQ:OTEX), the leading independent provider of Enterprise Content Management (ECM) software, said today that it has formed the Artesia Digital Media Group to help customers address growing competitive and regulatory pressures to improve the management of digital content, such as audio, video, photos and graphics. Open Text's Artesia subsidiary is the core of the new group, providing its digital asset management (DAM) software as part of Open Text's suite of Livelink ECM Solutions. Open Text announced the news at Gartner Symposium/ITxpo 2005.

Open Text's new digital media group will provide sophisticated support for the production, management, collaboration and distribution of all types of rich media content. This specialty business within Open Text will lead the company's horizontal strategy for digital media as a key component of ECM, as well as serve many of the world's leading publishing, media and entertainment companies that Open Text counts among its customers, including HBO, 20th Century Fox, DreamWorks, Pearson Education, and U.S. News & World Report.

The Group was formed to help customers meet growing competitive and regulatory requirements by improving the management of digital content in two key ways: By moving it from legacy, analog-based systems to new digital systems; and by managing this rich media along side other content types, such as documents and records. Media and entertainment companies, the biggest producers of digital content and the traditional early adopters of DAM software, aren't the only ones facing these demands. Large non-media companies and government agencies have vast stores of digital content requiring more sophisticated tools.

"Few industries have seen the kind of content explosion as the media and entertainment industry, where rich media content has proliferated through traditional and new digital channels," said James Brancheau, Managing Vice President for Gartner Industries Advisory Service - Media Industry. "The industry requirements for collaborative workflows for production, marketing and distribution are unprecedented. Content management and workflow technologies are essential for gaining efficiencies, saving money, and handling such diverse issues as international distribution, rights management, brand management, and compliance."

"ECM is about bringing order to the management of unstructured content to improve efficiency and manage compliance. These demands are now driving digital media content into the ECM fold, so that video, audio, photos and graphics can be managed alongside more traditional content -- documents, records and email," said John Shackleton, President and Chief Executive Officer of Open Text. "With the rise in high-bandwidth access to content, the ability of companies to manage rich content types such as video will become increasingly important."

The DAM technology provided by Open Text's Artesia Digital Media Group lies at the heart of the solutions required to address these opportunities. The award-winning Artesia DAM software offers a strong platform for Open Text's expanding digital media strategy. Artesia's seasoned staff, with deep technical domain knowledge, hundreds of digital media project implementations representing substantial industry expertise and a marquee customer base, all combine to provide the key ingredients to advance this important ECM segment. Open Text has appointed Scott Bowen, Co-Founder and former President of Artesia Technologies, to lead the Artesia Digital Media Group.

"Open Text is the first among the major ECM companies with the vision to create a specialty business dedicated to the unique requirements of digital media content within ECM," said Scott Bowen, President of the Artesia Digital Media Group. "From this distinctive position, we will be able to provide unparalleled focus, product innovation, and customer service to the media, production, and creative professionals who contribute to the digital media value chain."

About Gartner Symposium/ITxpo

Gartner Symposium/ITxpo is the IT industry's largest and most strategic conference, providing business leaders with a look at the future of IT. For more than 10,000 IT professionals from the world's leading enterprises, Gartner's annual Symposium/ITxpo events are key components of their annual planning efforts. Attendees are responsible for more than $35 billion in IT spending for their respective companies, and rely on Gartner Symposium/ITxpo to gain insight into how their organizations can use technology to address business challenges and improve operational efficiency. For more information, please visit www.gartner.com/us/symposiumorlando.

Open Text is exhibiting in booth #1426 at Gartner Symposium/ITxpo 2005. For more information, go to: http://www.opentext.com/events/event.html?id=5431190

About the Artesia Digital Media Group and Open Text

The Artesia Digital Media Group is a leader in enterprise Digital Asset Management (DAM) solutions that help information-intensive companies more efficiently manage and deploy their rich digital media content. Open Text™ is the leading independent provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: 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 Livelink 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, 2005. 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) 2005 by Open Text Corporation. ARTESIA, LIVELINK and OPEN TEXT 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.

Contact Information

  • Open Text Corporation
    Margaret Dobbin
    Director, Industry Analyst Relations
    +1 (519) 888-7111 ext.2410
    mdobbin@opentext.com
    or
    Open Text Corporation
    Richard Maganini
    Director, Corporate Communications
    +1 (847) 267-9330 ext.4266
    rmaganin@opentext.com