Open Text to Embed Oracle Technology for Enterprise Content Management; Signs Technology and Distribution Agreement
Waterloo, ON and Redwood Shores, CA– November 4, 2010
To help organizations meet expanding requirements for archiving, eDiscovery and regulatory compliance, Open Text (NASDAQ: OTEX, TSX: OTC) will embed Oracle technology to deliver a new set of enterprise content solutions.
Open Text is obtaining a technology and distribution license specifically for the Oracle Universal Online Archive Content Management SDK. As part of this agreement, Open Text can embed Oracle technology in its products, allowing the company to fully utilize the capabilities of Oracle Database 11g as an enterprise content repository. This will also permit rapid uptake of Oracle Fusion Middleware 11g and other Oracle platform capabilities. The solutions can help Open Text customers capture large volumes of emails, documents, images, and application data and manage their entire lifecycle in an integrated environment.
By leveraging Oracle technology Open Text can deliver a set of highly scalable and secure archiving and risk mitigation solutions. The agreement will also help Open Text customers leverage their existing investment in Oracle technology by integrating into existing Oracle infrastructure deployments.
Approximately 85 percent of all enterprise information is unstructured content such as email, documents or images that needs to be comprehensively managed to ensure that governance, legal and compliance requirements are met, while content that is no longer useful is defensively deleted. As a result of the expanded relationship between Oracle and Open Text, a new class of Open Text solutions for providing comprehensive management of content will be available to help customers meet these challenges over the coming months. The new offering will complement Open Text’s ecosystem strategy of providing solutions for customers of leading application vendors.Agenda highlights include leadership talks from Leslie Stahl, Emmy award winning news journalist and Roger Martin, Dean of the Rotman School of Management, an advisor on strategy to the CEO’s, and award-winning author.
“With today’s ever-changing regulatory landscape and growing litigation pressures, organizations can’t afford to treat archiving and risk mitigation as afterthoughts,” said Rich Buchheim, Vice President of Open Text’s Oracle Solutions Group. ”A strategic priority for us is to expand our information governance capabilities across more systems to help customers manage more of their content, which for many organizations is exploding out of control. With this deal, our customers will be able to benefit from our experience in providing solutions that help them manage their content, and reduce the costs and risks of compliance and litigation.”
“Oracle Fusion Middleware and Oracle Database provide the most secure and highly scalable enterprise infrastructure for storing large volumes of content and we are very excited that Open Text will be able to use some of these capabilities within their products,” said Oracle Vice President of Product Management, Andy MacMillan. “Leveraging Oracle technology, Open Text is able to integrate the expertise and industry knowledge of its team to create targeted offerings that are affordable, quick to deploy and deliver the enterprise-level capabilities that customers need.”
Oracle Embedded (www.oracle.com/us/technologies/embedded/index.html)
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About Open Text
Open Text, a global ECM leader, helps organizations manage and gain the true value of their business content. Open Text 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.
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