Open Text Corporation

Open Text Corporation

March 23, 2005 11:40 ET

Open Text in 'Leaders' Quadrant for Integrated Document Archiving and Retrieval Systems


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: OPEN TEXT CORPORATION

TSX SYMBOL: OTC
NASDAQ SYMBOL: OTEX

MARCH 23, 2005 - 11:40 ET

Open Text in 'Leaders' Quadrant for Integrated
Document Archiving and Retrieval Systems

CHICAGO, ILLINOIS--(CCNMatthews - March 23, 2005) -

Adds to Leaders Quadrant Placements in Analyst Firm's Magic Quadrants
for Enterprise Content Management and Smart Enterprise Suites

Open Text™ Corporation (TSX:OTC)(NASDAQ:OTEX), the world's largest
provider of Enterprise Content Management (ECM) software, today
announced that leading analyst firm Gartner, Inc. (NYSE: IT and ITB),
has positioned Open Text in the Leaders quadrant of its recently
published Magic Quadrant(a) for Integrated Document Archive and
Retrieval Systems (IDARS), 2005, published on March 11, 2005, and
co-authored by Kenneth Chin and Toby Bell.

In addition to this Leader's quadrant placement, Open Text also placed
in the Leaders Quadrant in Gartner's Magic Quadrant for Enterprise
Content Management, 2004, published October 19, 2004 and co-authored by
Karen Shegda, et al., and in the Magic Quadrant for the Smart Enterprise
Suite (SES), 2004, published May 17, 2004 and co-authored by Gene
Phifer, et al.

Gartner's well-known Magic Quadrants are graphical representations of a
technology vendor's performance in a market segment, based on Gartner's
analysis of the vendor's vision and ability to execute that vision. The
IDARS Magic Quadrant analysis looked at the market for software used to
manage documents for high-volume processes such as invoicing, ordering
or claims processing. These systems allow companies to convert large
volumes of paper into electronic documents via print-stream ingestion,
processing them through highly structured workflows and managing them in
a central document archive. Open Text has been building its IDARS
offerings over the last year, integrating technology from acquisitions
in 2004.

"Open Text's vision is based on intersecting people and information
through processes. So we have seamlessly integrated collaboration,
content and process management-all essential ingredients that 'complete'
Open Text's vision," said Ron Vangell, Senior Vice President of
Production Document Management Solutions at Open Text. "We believe our
Leaders Quadrant placement in these three reports recognizes the
integration of our comprehensive ECM offering, and the realization of
our vision."

In the IDARS Magic Quadrant, Gartner defines Leaders as having "achieved
the highest combined measures of ability to execute and completeness of
vision. As a group, leaders exhibit the highest win-loss ratios and
growth above the industry average. They have established a strong IDARS
market presence with their installed base, and they demonstrate
continued customer and revenue growth. These strategic vendors will
continue to drive the IDARS market by broadening their product
functionality and integration."

Gartner's ECM Magic Quadrant is based on six core components: document
management, Web content management, records management, document capture
and document imaging, document centric collaboration and workflow. For
Gartner's SES Magic Quadrant, the report states, "Core to SES are
portal, team collaboration, and content management technologies."

For the full Magic Quadrant reports, visit www.gartner.com

About Open Text

Open Text™ is the market leader in providing Enterprise Content
Management (ECM) solutions that bring together people, processes and
information in global organizations. Throughout its history, Open Text
has matched its tradition of innovation with a track record of financial
strength and growth. Today, the company supports more than 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

(a)The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused
with permission, which permission should not be deemed to be an
endorsement of any company or product depicted in the quadrant. The
Magic Quadrant is Gartner, Inc.'s opinion and is an analytical
representation of a marketplace at and for a specific time period. It
measures vendors against Gartner defined criteria for a marketplace. The
positioning of vendors within a Magic Quadrant is based on the complex
interplay of many factors. Gartner does not advise enterprises to select
only those firms in the "Leaders" quadrant. In some situations, firms in
the Visionary, Challenger, or Niche Player quadrants may be the right
matches for an enterprise's requirements. Well-informed vendor selection
decisions should rely on more than a Magic Quadrant. Gartner research is
intended to be one of many information sources including other published
information and direct analyst interaction. Gartner, Inc. expressly
disclaims all warranties, express or implied, of fitness of this
research for a particular purpose.

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. These risks and
uncertainties include, among others, risks involved in 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 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, 2004. 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. 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    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