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TheStreet Open House

Latest Release Of OpenText Managed File Transfer Helps Customers Reduce Information Exchange Risks

Stocks in this article: OTEX

OpenText Managed File Transfer 2013 Helps Organizations Improve Security and Compliance, Decrease Costs and Increase Business Process Velocity

WATERLOO, ON, Nov. 20, 2012 /PRNewswire/ - OpenText (NASDAQ: OTEX, TSX: OTC), a leading provider of Enterprise Information Management (EIM) software, today announced the immediate availability of OpenText Managed File Transfer (MFT) 2013, which allows organizations to manage their file transfer processes, quickly, easily and securely.

"This new release of OpenText MFT is a significant milestone towards delivering the best Information Exchange solutions to our customers," said Eugene Cherny, General Manager, OpenText Connectivity Solutions. "The new multi-server architecture offers unprecedented cost-saving, data security and user experience benefits for organizations looking to regain control of their file movements."

The multi-server architecture allows customers to deploy a network of OpenText MFT servers across geographically dispersed locations in order to optimize the routing of files between users inside and outside the firewall. This architecture offers significant benefits to organizations that are struggling to take control of their file movements, including:

  • Reduced infrastructure costs by selecting the optimum time and most cost-effective network segment for routing files.
  • Improved security and governance for data-in-motion by segregating users and restricting file movements to specific servers or network routes.
  • Increased performance and better user experience by intelligently moving files closer to recipients prior to being downloaded.

OpenText MFT also includes advanced data-at-rest encryption capabilities that facilitate regulatory compliance by encrypting the files that reside on the MFT servers in order to prevent the theft of intellectual property and mitigate the risk of data breaches. Data protection is further enhanced through the OpenText MFT Federal Information Processing Standard (FIPS) 140-2 validated cryptographic module, which provides government-grade security.

Dispatch folder, new functionality in this release, allows users to automate and accelerate recurring file transfer operations. Using a dispatch folder, users can drag and drop files to a pre-configured desktop location which will automatically send those files to other users or file systems while maintaining the benefits of a fully-audited and secured file transfer.

Availability OpenText MFT 2013 is available immediately, directly from OpenText and through OpenText partners. For more information, please visit: http://connectivity.opentext.com/mft

Follow OpenText on Twitter @opentext and on Facebook at http://www.facebook.com/opentext.

About OpenText OpenText provides Enterprise Information Management software that enables companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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