OpenText Announces New Content Services Platform to Power Modern Work in the Cloud

Rhea-AI Summary

OpenText (NASDAQ: OTEX) launched its new offerings, OpenText Core Content and OpenText Core Case Management, aimed at enhancing digital business processes. These multi-tenant cloud applications are designed for quick deployment and integration with existing business applications, including SAP S/4HANA® Public Cloud. The solutions address complex information management challenges, crucial for a growing remote workforce. CEO Mark J. Barrenechea emphasized the need for such tools in a digital workplace. The products support modern work requirements and are part of the OpenText Cloud Editions 21.2.

Positive

• Launch of OpenText Core Content and Core Case Management enhances digital business processes.
• Multi-tenant cloud applications allow quick deployment and integration with existing solutions.
• Strong integration with SAP S/4HANA® Public Cloud is a significant advantage.
• Addresses complex information management challenges in a remote work environment.

Negative

• None.

OpenText Core Content and OpenText Core Case Management empower customers to securely capture, collaborate, integrate and manage content and business processes

WATERLOO, ON, April 14, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced OpenText Core Content and OpenText Core Case Management, the new content services platform from the global leader in information management.

"The future of the workplace is digital. Organizations today need digital business process solutions that are quick and simple to deploy, configure, govern, and use," said Mark J. Barrenechea, OpenText CEO & CTO. "Core Content and Core Case Management deliver the strong records management, case management, API's, and integration into leading applications that OpenText is recognized for – all delivered as a simple-to-deploy, multi-tenant cloud application."

Announced as part of OpenText Cloud Editions (CE) 21.2, OpenText Core Content and OpenText Core Case Management are multi-tenant cloud offerings that are quick and easy to deploy and can be tailored to address unique line of business, departmental, and industry needs.

Built to connect content to the systems and people that need it, Core Content integrates with business applications that customers already use, including a deep integration with SAP S/4HANA® Public Cloud. Core Case Management manages unstructured and complex processes. Whether opening accounts, processing claims, or maintaining property records – it is necessary to know who has the work item, what has happened, where the documents are, and what is needed to get work done. 

By combining content management, case management and integration into lead applications, this solution delivers a unified approach to managing an organization's content lifecycle in context of its formal and informal business processes.

The explosion of remote work and a hybrid workforce have increased the complexity and scope of organizations' information management challenges. Per a recent IDC report, "Increasing demand for greater agility, speed, and flexibility ushers in a new breed of SaaS solutions purpose-built for a more distributed and connected enterprise." *

"OpenText Core applications enable organizations to modernize and simplify complex information management challenges," said Muhi Majzoub, Chief Product Officer at OpenText. "These applications are built to support modern work requirements and new business use-cases. OpenText Core Content and OpenText Core Case Management are the foundation for integrated multi-tenant solutions that deliver all the benefits of cloud, from reliability and scalability to security." 

Core Content and Core Case Management underpin the industry-leading portfolio of Core SaaS content services applications with foundational content management capabilities. The portfolio now includes: OpenText™ Core Share, OpenText™ Core Signature, OpenText™ Core for Federated Compliance, OpenText™ Core Archive for SAP® Solutions, OpenText™ Core Capture, OpenText™ Core for SAP® SuccessFactors® and more.

Barrenechea unveiled the new offerings during the opening keynote of OpenText World Europe, which brings leading Information Management experts together to explore the technology needed to support modern work, engage customers and communities, connect global commerce and stay ahead of the competition. The 2-day virtual tech event launched today, and registration and on-demand content can be found here.   

More information about OpenText Core Content is available here and OpenText Core Case Management here.    

* Source: IDC FutureScape: Worldwide Cloud 2021 Predictions, Doc # US46420120, December 2020.

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 are OpenText Core Content and Core Case Management?

These are new cloud-based applications designed to improve digital business processes and information management, launched by OpenText.

How does OpenText Core Content integrate with other applications?

OpenText Core Content offers strong integration capabilities with existing business applications, including SAP S/4HANA® Public Cloud.

When was the launch of OpenText Core Content and Core Case Management?

The launch was announced on April 14, 2021, as part of OpenText Cloud Editions 21.2.

What is the significance of OpenText's new applications for remote work?

These applications are designed to simplify and modernize information management, addressing the complexities of remote work.

What is the stock symbol for OpenText?

The stock symbol for OpenText is OTEX, traded on NASDAQ and TSX.