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OpenText Named A Leader In Multichannel Capture By Independent Research Firm

Stocks in this article: OTEX

Achieves Highest Possible Scores in Key Areas that Underpin the Company's Information Exchange Solutions, including OCR Support, Multichannel Input and Mobile Capture

WATERLOO, ON, Sept. 20, 2012 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), a leading provider of Enterprise Information Management (EIM) software and solutions, today announced that Forrester Research, Inc. has ranked the company as a Leader in its recently released, "The Forrester Wave™: Multichannel Capture, Q3 2012" research.

According to the report, "Capture has extended beyond the single dimension of paper scanning…to become the multichannel, distributed onramp for acquiring information." Further underscoring this trend, Forrester predicts that in the next five years, capture will incorporate advanced analytics, mobile solutions, business process management (BPM) and case management, and stronger integration with enterprise production platforms.

In the report, Forrester analysts and report authors Craig LeClair and Alan Weintraub observe that "OpenText's capture solutions are part of a single, integrated family that is designed, built, and deployed as part of a comprehensive, end-to-end business solution. Capture is a building block of the OpenText ECM Suite and overall product portfolio strategy, including OpenText Business Process Solutions." The analysts also write, "OpenText will continue to enhance a product strategy that distinctly articulates the integration of capture into its business solutions."

The report further states that "Application-specific use cases tie closely with business process management, such as the requirement to move data from paper invoices into an enterprise resource planning (ERP) system."  OpenText is identified as one of three vendors evaluated in the report who target this segment.

For this report, Forrester evaluated eight top multichannel capture vendors against 18 criteria across three main areas: vendors' current offering, strategy and market presence. OpenText was one of three vendors to achieve a score of four or higher (out of five) in both strategy and current offering categories. The company earned the highest possible scores in more than half of the criteria focused on current offering, including business process management, OCR support, document classification, multichannel input and mobile capture. In this evaluation, Forrester also recognizes OpenText as a leader in the SAP market, the only one fully endorsed by SAP.

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