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ATCO Australia Pivots to the Cloud with OpenText

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OpenText (NASDAQ: OTEX) has announced that ATCO Australia has transitioned its information management solutions to the OpenText Cloud, aiming for enhanced flexibility and cost savings. This shift from on-premises to the OpenText Content Cloud increases efficiency, achieving nearly double the access speeds. The cloud service also integrates with applications like Microsoft 365, enabling better document governance. The partnership highlights a focus on modernizing IT solutions in a regulated industry, ultimately supporting ATCO's operational continuity.

Positive
  • Transition to OpenText Cloud improves efficiency and reduces infrastructure maintenance.
  • Access speeds for documents increased nearly 100%.
  • Integration with Microsoft 365 enhances operational workflow.
  • Supports remote access essential for smooth operations during the pandemic.
Negative
  • None.

Australian energy company modernizes work for improved continuity and cost savings

WATERLOO, ON, May 18, 2021 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX), today announced ATCO Australia has moved their information management solutions to the OpenText™ Cloud to modernize work for improved flexibility and cost savings.

ATCO Australia is an energy company responsible for developing, building, owning and operating energy infrastructure assets. Operating in a highly regulated industry, ATCO uses OpenText™ Extended ECM Platform to manage, secure and govern their information assets, from legal and operational documents to contracts and work orders. Recently, the company shifted their information management system from on-premises to the OpenText™ Content Cloud to gain efficiency.

"With OpenText Cloud Managed Services, we no longer have to maintain infrastructure or worry about upgrades and patches," said Chris Marshall, General Manager IT at ATCO Australia. "We use the cloud service to access and govern documents in our information management system, which OpenText looks after for us. By moving to the cloud, access speeds are much faster—almost twice as fast. Additionally, we are now using the latest features and functionality with integration into leading business applications like Microsoft 365."

OpenText™ Cloud Managed Services helps organizations modernize their IT by leveraging the expertise of seasoned professionals. OpenText manages the deployment, integration, ongoing management and optimization of Information Management applications and infrastructure — with the flexibility to deploy in the OpenText™ Cloud or with an OpenText public cloud partner, including Google Cloud, Microsoft Azure, or Amazon Web Services.

"ATCO Australia has made incredible progress with their information management strategy and OpenText is proud to support them on their journey to The Ultimate Cloud," said Muhi Majzoub, Chief Product Officer at OpenText. "Our Cloud Managed Services helps organizations optimize their daily operations, freeing up their resources to focus on business, growth and innovation."

Additionally, remote access to documentation and external sharing was essential to keep ATCO's operations running smoothly during the pandemic. With the Extended ECM mobile app, employees have access to information stored in OpenText Extended ECM from anywhere, on almost any device. OpenText™ Core Share enables field workers to access and share up-to-date information, including safety procedures.

Learn more about OpenText Cloud Managed Services here.

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

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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.

Copyright © 2021 Open Text. All Rights Reserved. Trademarks owned by Open Text. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

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SOURCE Open Text Corporation

FAQ

What is OpenText Cloud?

OpenText Cloud provides information management solutions, enabling organizations to manage documents and data more effectively.

What benefits did ATCO Australia experience from moving to OpenText Cloud?

ATCO Australia experienced improved efficiency, nearly doubled access speeds, and better integration with business applications like Microsoft 365.

What is the significance of OpenText's partnership with ATCO Australia?

The partnership signifies a strategic move towards modernizing information management in a regulated industry, enhancing ATCO's operational efficiency.

When did ATCO Australia transition to the OpenText Cloud?

The announcement of ATCO Australia's transition to the OpenText Cloud was made on May 18, 2021.

What is the stock symbol for OpenText?

The stock symbol for OpenText is OTEX, which is listed on both NASDAQ and TSX.

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