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Frost & Sullivan Lauds OpenText For Consistently Staying Ahead Of The Product Development Curve In The Enterprise Digital Media Market

Stocks in this article: OTEX

MOUNTAIN VIEW, Calif., Feb. 28, 2013 /PRNewswire/ -- Based on its recent analysis of the enterprise digital media market, Frost & Sullivan recognizes OpenText with the 2013 Global Frost & Sullivan Company of the Year Award. OpenText was also the recipient of the 2011 Global Frost & Sullivan Company of the Year Award. OpenText, a global market leader in Enterprise Information Management (EIM), is the largest content management system vendor in the world, both in terms of market revenue and breadth of its product portfolio. The company's content and data management capabilities outstrip its competitors', even as it continually expands its functional capacity and features into new technology and market sectors.

OpenText has been a top-rung content and information management vendor since the inception of the content management system (CMS) industry, more than 20 years ago. OpenText has consistently delivered top-of-the-line document, content and data management solutions through acquisitions and product line expansions.

"When the market required expanded document management capabilities or the management of varied content formats, it acquired several companies and brought together their diverse functionality in a unified and configurable document and content management solution," said Frost & Sullivan Research Analyst Megan Groves. "More recently, when OpenText identified a rising demand for integrated Web content management, business process management, and precision case management, it acquired, built and expanded its market-leading capabilities across all its product segments."

OpenText's recent rebranding of its enterprise content management (ECM) solution, including all of its peripheral and best-of-breed complementary business lines, into a single Enterprise Information Management (EIM) platform represents a significant realignment of its solutions. OpenText is the first to market with a broad platform geared toward the specific needs and performance demands of users from across the organization.

"OpenText is delighted to be honored as Frost & Sullivan's 2013 Company of the Year," said OpenText CEO Mark J. Barrenechea. "This recognition reinforces OpenText's commitment to helping our customers transform their businesses with information-based strategies and solutions. OpenText EIM software is enabling CIOs across the globe to deliver on the promise of information, today."

OpenText has been at the vanguard of a new trend of powerful platforms built around structured architectures that enables the integration of all content and data management tools, creating industry-specific and, ultimately, flexible platforms. As an integrated platform, OpenText EIM expands its capabilities across both structured and unstructured data environments, integrates multiple newer data formats and sources, and provides the flexibility of cloud-based, on-premises, or hybrid access and management. Frost & Sullivan anticipates that its EIM platform will shift the market, redefine market capabilities, and ensure its long-term and continuous growth.

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