OpenText Announces $1M USD Donation to Fight Food Insecurity
OpenText (NASDAQ: OTEX) has launched the OpenText Voyager Fund, contributing $1 million USD to food banks globally, aiming to provide up to 4 million meals in 21 countries. The initiative addresses the rising demand for food assistance during the holiday season, with efforts led by teams in 58 communities. CEO Mark J. Barrenechea emphasized the company’s commitment to supporting local communities. This donation marks the Fund's inaugural contribution, which seeks to meet key community needs effectively.
- Donation of $1 million to food banks will help provide up to 4 million meals.
- Supports local communities in 21 countries, enhancing OpenText's corporate social responsibility.
- None.
Company launches OpenText Voyager Fund to support local communities
WATERLOO, ON, Dec. 11, 2020 /PRNewswire/ -- OpenTextTM (NASDAQ: OTEX), (TSX: OTEX), today announced a combined donation of
"The demand for food banks has never been greater, and we wanted to do our part to meet this heightened and historic need," said OpenText CEO & CTO Mark J. Barrenechea. "This holiday season, OpenText teams in 58 communities around the world are supporting local food banks to help ensure everyone has enough to eat. These communities support OpenText every day, and we are grateful to be able to support them in turn."
"Hunger can happen to anyone, anywhere, at any time and this gift highlights OpenText's incredible commitment to the communities where their employees live and work," said Wendi Campbell, CEO, The Food Bank of Waterloo Region. "This donation will help us acquire, coordinate, and distribute safe and nutritious food to people in need in Waterloo Region and South Western Ontario, especially during a time when we are seeing an increase in the number of people accessing emergency food assistance."
These donations will help food banks provide up to 4 million meals to individuals and families in 21 countries around the world. More information and a full list of the organizations supported is available on the OpenText Voyager Fund page.
"We have received generous donations from food manufacturing companies, but we needed money to mobilize, store and distribute it to the places in need," said Jose Fleras, Executive Director of Rise Against Hunger, Philippines "This is very opportune, as I kept on saying yes to food, but also hoping that others would help us to distribute these items. This donation from OpenText will ensure that food reaches those in need."
This is the first donation of the OpenText Voyager Fund, an extension of the OpenText Voyager Program launched in 2020 to strengthen the OpenText community of customers, partners and employees. The OpenText Voyager Fund will identify key needs in our communities and support local partners in addressing them.
"The OpenText Voyager Fund will work with local partners to make a difference in the communities where we live and work," continued Barrenechea "We're grateful that our first contribution will address the real challenge of food insecurity during this important time of year, and we look forward to continuing to work with our local partners in the months and years ahead."
About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. 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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