Industry-Leading Solutions from OpenText Complement RISE with SAP
OpenText (NASDAQ: OTEX) announced a remarkable 200% growth in cloud subscriptions for its solution extensions for SAP applications over the past twelve months, now reaching almost 2 million users globally. This growth underscores the company's commitment to digital transformation, particularly during the ongoing global pandemic. OpenText, as a platinum sponsor of the SAPPHIRE NOW conference, emphasizes its collaboration with SAP to enhance productivity and business agility. The strategic partnership with Google Cloud and Microsoft Azure further expands their cloud service offerings in regions like Brazil, the Middle East, and South Africa.
- Cloud subscriptions for SAP solution extensions grew 200% year-over-year.
- Nearly 2 million global users subscribed to OpenText's cloud solutions.
- Collaboration with SAP enhances OpenText's product offerings for customers.
- Strong strategic partnerships with Google Cloud and Microsoft Azure expand service availability.
- None.
Cloud subscriptions of OpenText solutions for SAP applications grew
WATERLOO, ON, June 3, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) is a platinum sponsor of the SAPPHIRE NOW® conference where it will showcase how its industry-leading information management solutions, offered as SAP Solution Extensions, complement the RISE with SAP package and empower businesses on their journey to the SAP S/4HANA® Cloud.
"There has never been a greater need for immediately accessible information and processes than during this global pandemic—putting cloud-based solutions front and center," said Mark J. Barrenechea, CEO & CTO at OpenText. "Building on our twenty-five year strategic partnership, OpenText and SAP are leading the digital transformation of businesses around the world, harnessing the power of the cloud to enable modern work, improve business agility and accelerate customer growth."
OpenText offers information management solution extensions for SAP software that complement the RISE with SAP offering. These solution extensions are qualified to run with SAP S/4HANA Cloud and help organizations:
- Prepare for the cloud by streamlining and simplifying data and content migration
- Improve productivity and collaboration by automating key business processes
- Respond to new and changing requirements by speeding time to value with an intelligent content management approach aligned with SAP S/4HANA Cloud
"Working with our partners, our goal is to simplify the move to the cloud for customers and to deliver continuous innovation throughout their transformation journey," said Karl Fahrbach, chief partner officer at SAP. "OpenText's alignment with RISE with SAP supports that goal."
Driving growth in the cloud
Cloud subscriptions of solution extensions from OpenText for SAP applications grew
OpenText is a proud platinum sponsor of SAPPHIRE NOW, SAP's flagship business and technology conference taking place from June 7-10, 2021 in EMEA and Americas and June 21-24, 2021 in Asia Pacific. Attendees can join OpenText sessions here and schedule time to meet with OpenText at SAPPHIRE NOW here.
For more information on the OpenText and SAP partnership, visit: https://www.opentext.com/products-and-solutions/partners-and-alliances/strategic-partners/sap.
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.
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