Archive for OpenText

Diversity And Innovation Are Inseparable Says OpenText CEO

Posted in Commentary with tags on March 8, 2019 by itnerd

Achieving gender equality is a shared responsibility for communities, companies and global economies. In celebration of International Women’s Day 2019, OpenText CEO and CTO Mark Barrenechea has written a blog, reaffirming OpenText’s commitment to programs such as its signing of the Catalyst Accord and its membership in the 30% Club Canada. OpenText also sponsors yearly hour of code initiatives for youth at its global offices and is working toward the implementation of a mentorship program to support the career growth of its highest performers.

OpenText is taking these steps because it believes diversity and innovation are inseparable. OpenText has also produced a video called Our Voice which emphasizes the importance of listening to and incorporating everyone’s perspective:

AI, Cloud, and Security Are Top Priorities for Enterprise Legal Departments: OpenText

Posted in Commentary with tags on February 7, 2019 by itnerd

OpenText, the global leader in Enterprise Information Management (EIM), today announced findings from a new report indicating two thirds of legal professionals believe spending on artificial intelligence (AI) will increase in 2019. Survey results, previewed at Legaltech 2019 in conjunction with Ari Kaplan Advisors, demonstrate the convergence of multiple disciplines and the expanding responsibilities of corporate legal operations professionals. Today’s corporate legal leaders are shaping IT strategy with an eye towards litigation-readiness and partnering with security teams on data breach response plans.

The rise of the cloud and the emergence of AI represent progress, but technology adoption will be a long-term endeavor, and this study highlights the willingness to adopt new technologies. With discussions increasingly focused on innovation, efficiency and the next generation of legal practice, legal operations leaders are at the forefront of piloting new technology, executing strategic initiatives, and helping senior leadership navigate the evolving risk and compliance landscape.

Key findings from the survey include:

  • Movement toward the cloud continues: The majority of respondents, 83 percent, rated their organization’s current use of cloud-based tools at a three or above on a 1-5 scale. Further, an impressive 94 percent rated their company’s openness to implementing cloud solutions in the coming year at three or higher.
  • The use of AI is growing: Within legal departments, 34 percent of respondents currently use AI (up from 23 percent in 2017). However, 66 percent of respondents believe that spending on AI solutions will increase in 2019.
  • Focus on security is strong, but sensitive: A full 91 percent reported the legal department’s influence on information security decisions has increased, with 49 percent claiming the legal team is much more involved in information security. Having a seat at the table is significant as 91 percent of respondents also reported they have data security concerns around distributing electronically stored information to multiple discovery vendors and law firms.
  • The GDPR is driving major eDiscovery, privacy and security changes: With 80 percent of respondents advising data privacy concerns are affecting how they handle discovery and investigations, the impacts of regulations such as GDPR are starting to be realized by legal professionals. 49 percent of respondents reported the volume of government or regulatory investigations has grown over the past 12 months.
  • ECM joins the legal tech development conversation: 74 percent of participants reported if their ECM systems were integrated with their eDiscovery systems, it would be beneficial for the legal department.

OpenText provides the legal market with a broad and diverse set of solutions for enterprise-grade eDiscovery, forensic data collection, legal documents management, AI-assisted search, contract analysis, and more. OpenText continues to invest in the legal sector and on January 31, 2019 announced the acquisition of Catalyst Repository Systems, Inc. (Catalyst), a leading provider of eDiscovery solutions for corporate legal departments and top law firms. Catalyst will be integrated into OpenText’s Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText’s continued investments in innovation.

Integrated products and services from OpenText support the business practices, information management, electronic discovery reference model (EDRM) needs, and proactive compliance requirements of the legal industry. For more information visit: https://www.opentext.com/products-and-solutions/industries/legal.

Research methodology

Ari Kaplan Advisors interviewed 35 legal operations leaders with Fortune 500 and 1000 companies between July and August 2018 (17 of whom were interviewed for the 2017 report). Eighty percent served as their organization’s director of legal operations (or in an equally senior role). Most had traditional responsibilities for outside counsel and vendor management, legal technology administration and budgeting, while others participated in or led initiatives related to e-Discovery, advanced strategic planning, talent utilization and business process improvements. Forty-nine percent were from companies with revenues of more than $10 billion and 83 percent were with organizations with revenues of more than $5 billion. Two-thirds were at companies with more than 10,000 employees and 91 percent were with organizations maintaining more than 5,000 employees.

OpenText Buys Catalyst Repository Systems

Posted in Commentary with tags on January 31, 2019 by itnerd

OpenText a global leader in Enterprise Information Management (EIM), today announced it has acquired Catalyst Repository Systems, Inc. (Catalyst), a leading provider of eDiscovery solutions for corporate legal departments and top law firms.

Catalyst will be integrated into OpenText’s Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText’s continued investments in innovation.

The purchase price of the acquisition is approximately $75 million in an all-cash transaction. Further information for investors, including an overview presentation regarding Catalyst, can be found at: investors.opentext.com/mergers-and-acquisitions.

OpenText’s 2019 Technology Predictions From AI To Blockchain

Posted in Commentary with tags on January 8, 2019 by itnerd

Some of the technology experts at OpenText have put together their predictions for 2019 and they wanted to share a few with you. These are snippets of the larger predictions pieces by each expert but we thought it might give you a more interesting overview of some of the areas where OpenText is concentrating in 2019.


What will be the AI story for 2019?

The long-promised enterprise AI transformation is poised to begin in earnest in 2019. Most enterprises have reached a point of digital maturity, ensuring access to quality data at scale. With mature data sets, AI providers can offer lower cost, easier to use AI tools for specific business use cases. The effect of enterprise AI at scale will be significant. Gartner expects the business value of AI to hit nearly $3.9 trillion by 2022. Consumers also stand to benefit in almost every sector. They’ll see more innovative products and services, smarter homes, factories and cities, improved health, and a higher quality of life.
– Zachary Jarvinen, Head of Technology Strategy, AI and Analytics, OpenText
Increase in adoption of cloud and proliferation of new cloud solutions and services
The proliferation of new cloud solutions and services will continue in 2019 driven by customers who are looking to move faster into the cloud in the coming years. All industries are looking for a stable and secure infrastructure for information management in the cloud. This includes previously cloud-weary sectors such as manufacturing, financial services, legal, life sciences, and government. In fact, life sciences is one area where we are seeing customers move more aggressively to the cloud than ever before. Also – workloads matter. Typical workloads that are moving to the cloud faster are things like HR, contracts, legal, collaboration, digital asset management etc.
– Savinay Berry, Vice President of Cloud Services, OpenText
Privacy Regulations will drive more transparency
Privacy regulations will force vendors to abandon the black-box approach to AI. Vendors will need to be more open about what data is captured and analyzed by security and AI technology. This in turn pushes vendors to focus on more specific and achievable use cases. Enterprise consumers will benefit from more rapid ROI and simpler deployments of emerging technology.
– Anthony Di Bello, Senior Director of Market Development, OpenText


Blockchain talent will be in high demand and the industry will experience a skills gap 

As we’ve seen with AI, demand for talented engineers and developers in blockchain will surge. Organizations will find themselves ill-equipped to handle the supply-demand gap. To bridge the gap in skills and experience, we’ll start to see substantial investments from academic institutions and large enterprises in training courses and additional resources. In 2019 we will see an exponential growth in blockchain practices being established by global systems integrators such as Accenture.

– Mark Morley, Director, Strategic Product Marketing at OpenText

 

OpenText Buys Liaison Technologies, Inc.

Posted in Commentary with tags on December 17, 2018 by itnerd

OpenText a global leader in Enterprise Information Management (EIM), today announced it has completed the closing of its previously announced acquisition of Liaison Technologies, Inc., a leading provider of cloud-based information integration and data management solutions.

Liaison’s ALLOY® Platform brings innovative and differentiated technologies to modernize, streamline and accelerate complex information integration for global intelligent and connected enterprises. This technology dramatically accelerates onboarding and migration, enabling OpenText customers to become more agile and responsive to changing market and customer demands.

Liaison will be integrated into OpenText Business Network, a suite of solutions that facilitate efficient, secure, and compliant information flows between people, systems, and things. OpenText Business Network is the global leader in enabling digital business, processing trillions in commerce every year and connecting over 1 million businesses globally.

Terms of the Agreement and Preliminary Outlook
The purchase price is approximately $310 million in an all-cash transaction. Liaison is expected to contribute insignificant revenue to OpenText’s results for the second quarter ending December 31, 2018, given that the transaction has closed during the holidays.

Liaison is expected to be on the OpenText target operating model within the first twelve months after closing. Financial details regarding the acquisition will be provided with OpenText’s second quarter fiscal year 2019 earnings materials and conference call.

Further information for investors, including an overview presentation regarding Liaison, can be found at: investors.opentext.com/mergers-and-acquisitions

OpenText Advances Enterprise Cloud Strategy To Power The Intelligent & Connected Enterprise

Posted in Commentary with tags on November 7, 2018 by itnerd

OpenText today announced the launch of OpenText Release 16 Enhancement Pack 5 (EP5), OpenText Business Network Cloud 16.10, and a series of new SaaS-based applications for the legal, life sciences and HR markets on its next-generation cloud platform, OT2.

These portfolio-wide enhancements simplify the path to modern and secure EIM deployments, with secure and flexible options for AI, automation, IoT and content services for on-premises, across public, private, and hybrid cloud deployments.

OpenText Release 16 Enhancement Pack 5 (EP5)
OpenText Release 16 EP5, extends this market leading EIM platform to increase user satisfaction and adoption, enable deeper insights and connect information, people and processes in a secure and flexible deployment environment. Specific enhancements include:

  • Artificial intelligence – EP5 adds increased AI and automation capabilities across the EIM portfolio with OpenText Magellan. This includes predictive research for Discovery, AI-powered rich media analytics for Customer Experience Management, sentiment analysis for Workforce Engagement Management through Magellan Text Mining, and machine learning for capture and information extraction for SAP solutions.
  • Deeper integration – Seamless integration brings advanced AI, enhanced security and deeper information workflows to the Intelligent and Connected Enterprise. EP5 delivers OpenText Information Hub (iHub) integration with OpenText EnCase Endpoint Security to build threat-hunting dashboards. Closer integration between OpenText AppWorks and OpenText content services solutions (OpenText Documentum, OpenText Content Suite and OpenText Extended ECM) enables rapid deployment of OT2 applications including People Center and Contract Center
  • Rich user experiences – EP5 enables a richer experience with enhanced developer controls, improved mobile experiences, and new employee self-service experiences. A highlight of EP5 is addition of the Smart UI for Documentum D2, further building towards a common, flexible, responsive UI across OpenText content service.

This release builds on a string of recent analyst commentary, including:

New applications for OpenText OT2
First announced at OpenText Enterprise World 2018, OpenText OT2 delivers compelling applications for business users, a modern developer platform, and hybrid EIM services on a single Software-as-a-Service (SaaS) platform. New OpenText applications built on OT2 include:

  • OpenText Legal Center – a cloud-based, process-centric approach to addressing specialized legal use cases like client onboarding, external sharing & collaboration, and document management.
  • OpenText Quality Center – building on OpenText Documentum for Life Science and OpenText Life Science Express to deliver secure collaboration solutions for the highly-regulated life sciences sector.
  • Extended ECM for SuccessFactors Public Cloud Edition – the latest collaboration between SAP and OpenText, delivering secure content management solutions for SAP’s popular talent management platform.

Commenting on OpenText OT2, Holly Muscolino, Research Vice President, Content Technologies and Document Workflow at IDC states, “OT2 will begin to bring SaaS into the product mix for the large customer base running OpenText’s on-premise/managed hosted solutions, and it will extend the value of customers’ investments in significant ways. It will also serve as the foundation for newborn SaaS applications that OpenText develops in the future. Its evolutionary approach should give its customers a graceful path to the cloud, enabling them to derive new value from their existing investments without disruption.”

OpenText Cloud
OpenText Business Network 16.10 expands and enhances the OpenText cloud network, facilitating efficient, secure and compliant collaboration across people, systems and things. This release includes key enhancements for industrial IoT, Identity and Access Management (IAM) and security, supply chain and vendor management, fax and secure information exchange.

OpenText Anywhere
Today, OpenText also announced it has selected Google Cloud as its first partner to support OpenText Anywhere, making OpenText solutions and managed services available in the Google Cloud.

As part of this collaboration, Google Cloud and OpenText will work together to deploy OpenText’s enterprise information management solution suite on Google Cloud Platform. This work will include a containerized application architecture for flexible cloud or hybrid deployment models. Deploying OpenText solutions on Google Cloud Platform will help customers to autoscale their deployments as their businesses demand.

Availability
Release 16 EP5 and OpenText OT2 is available now. OpenText Legal Center, Quality Center and Extended ECM for SuccessFactors are currently available for qualified customers.

OpenText Brings Enterprise-grade Customer Communications Management to Salesforce AppExchange

Posted in Commentary with tags on November 6, 2018 by itnerd

OpenText today announced that OpenText Exstream for Salesforce is now available on Salesforce AppExchange, offering users a powerful solution for personalized, consistent customer communications management.

OpenText Exstream is an industry-leading platform for managing multi-channel, global customer communications. With sophisticated workflow automation, compelling design and branding features, and options for infinite personalization, OpenText Exstream allows business users to easily manage their customer communications programs and campaigns without intervention from technical experts.

This expanded collaboration builds on the success of OpenText Extended ECM for Salesforce, which delivers sophisticated and secure content services. OpenText Extended ECM for Salesforce is available on Salesforce AppExchange.

OpenText Exstream for Salesforce is available on Salesforce AppExchange immediately.