OpenText Cloud Editions 24.3 Unlocks Innovation and Productivity for Developers and Knowledge Workers Through Trusted Data
OpenText (NASDAQ: OTEX, TSX: OTEX) has unveiled Cloud Editions (CE) 24.3, a significant advancement in information management, cloud solutions, security, and artificial intelligence (AI). This release addresses the growing demand for AI and cloud integration in business transformation, with 68% of CIOs expecting generative AI and large language models to impact investment priorities.
Key innovations include OpenText DevOps Aviator, which accelerates application delivery using AI-powered testing bots, and OpenText Fortify Aviator, which automates SAST vulnerability remediation. OpenText Content Aviator enhances content management workflows across multiple platforms, while OpenText Thrust Studio provides developers with a real-time AI-powered digital assistant.
The company has also achieved FedRAMP authorization for several products, expanding its offerings to U.S. federal agencies.
- Introduction of Cloud Editions (CE) 24.3 with advanced AI and cloud integration capabilities
- Launch of OpenText DevOps Aviator to accelerate application delivery
- Introduction of OpenText Fortify Aviator for automated SAST vulnerability remediation
- Expansion of OpenText Content Aviator to multiple platforms for enhanced content management
- General release of OpenText Thrust Studio, providing AI-powered assistance for developers
- Achievement of FedRAMP authorization for several OpenText products
- None.
The new innovations in OpenText Cloud Editions 24.3 highlight significant advancements in AI and cloud technology. The integration of AI in DevSecOps with tools like DevOps Aviator and Fortify Aviator is a game-changer for application delivery and security. By automating testing and vulnerability auditing, these tools address talent shortages and streamline workflows, which can lead to increased productivity and reduced operational risks.
The introduction of AI-guided assistants in these tools not only boosts efficiency but also democratizes advanced tech capabilities, making them accessible to a broader range of developers and IT professionals. This can have a ripple effect, encouraging more organizations to adopt AI-driven solutions, ultimately driving innovation across multiple sectors.
Furthermore, the inclusion of capabilities like Content Aviator in content management systems enhances content interaction, which is critical in today’s data-driven environment. The ability to manage high-quality video content within the platform is a valuable addition, particularly for industries heavily reliant on media and content management.
These advancements suggest a focused strategy by OpenText to remain at the forefront of digital transformation, leveraging its extensive information management expertise to deliver practical, innovative solutions.
From a financial perspective, these innovations demonstrate OpenText's commitment to enhancing its product offerings and maintaining its competitive edge. The integration of advanced AI and cloud solutions addresses current market trends and demands, particularly as a significant portion of CIOs prioritize investments in these areas, according to Morgan Stanley's report.
The expected shift of application workloads to the cloud, projected to reach
Moreover, obtaining FedRAMP authorization for OpenText Cloud for Government is a significant milestone. It not only opens new revenue streams from federal agencies but also enhances the company's credibility and trust in providing secure, compliant solutions. This can potentially lead to increased adoption of OpenText products in other highly regulated sectors, such as healthcare and finance.
In the short term, investors might see an increase in R&D expenses as OpenText continues to innovate. However, the long-term benefits of capturing a larger market share and driving sustained growth outweigh these initial costs.
Analyzing the market implications, OpenText's latest release addresses the critical needs of businesses undergoing digital transformation. The emphasis on AI and cloud solutions is timely, given the growing reliance on these technologies to enhance efficiency, security and scalability. The introduction of tools like Thrust Studio, which offers real-time digital assistance to developers, can significantly boost productivity, catering to the evolving demands of the tech workforce.
The broader market trend toward adopting DevSecOps practices and securing business-critical applications in the age of AI underscores the relevance of OpenText's new offerings. By integrating security measures directly into the development process, OpenText positions itself as a leader in addressing modern cybersecurity challenges. This proactive approach can attract businesses looking to mitigate risks associated with digital threats.
The expansion of OpenText's capabilities in content management and the FedRAMP authorization further solidify its foothold in the market. These developments can enhance customer retention and acquisition, particularly among organizations seeking comprehensive, secure and efficient content management solutions.
Overall, the strategic alignment with market trends and the enhancement of product capabilities indicate a robust market positioning for OpenText, likely contributing to its competitive advantage and market share growth in the coming years.
New cloud, security, AI – integrated product innovations let the machines do the work to elevate human potential
Today's CIOs are now navigating the challenge of balancing both AI and cloud as strategic drivers of business transformation for today's organizations. According to a report by Morgan Stanley,
"2023 was the year to trial and test basic AI fundamentals; 2024 is about oiling the entire machine for the widescale adoption and scalability of gen-AI.," said Muhi Majzoub, EVP and Chief Product Officer, OpenText. "OpenText enables customers to confidently navigate their cloud, security, and AI journeys, establishing trust in data integrity as we enter a new era of integrated information growth and agility. Our key innovation in this release centers around helping our customers shift left and adopt DevSecOps with AI. OpenText Cloud is helping customers rethink software delivery with OpenText Aviator."
OpenText continues to drive digital transformation with its Titanium X strategic product roadmap, set to be delivered by CE 25.2. In this latest release, OpenText elevates human potential, unleashes creativity, and unlocks limitless opportunities across its comprehensive suite of solutions in Business Clouds, Business AI, and Business Technology with significant new offerings in CE 24.3. These include:
Business AI
- OpenText™ DevOps Aviator accelerates application delivery by using testing bots to automatically generate codeless tests from manual tests, reducing risks and talent shortages. Its integrated AI-guided smart assistant provides quick answers and summaries on features, tasks, tests, and user stories, streamlining development workflows for greater efficiency.
- OpenText™ Fortify Aviator automates the manual tasks of auditing and remediating SAST (Static Application Security Testing) vulnerabilities, leveraging AI to identify and fix issues in one tool. For the Developers coding applications, Fortify Aviator seamlessly integrates fix suggestions into the DevOps workflow, while also providing audits and explanations in user-friendly terms, simplifying the entire process. For the Data Scientist responsible for model design, the new Aviator capabilities protect against prompt injection attack, model compromise, and vulnerabilities in LLMs.
According to OpenText State of Code Security,
Business Cloud
- OpenText™ Content Aviator with is now available on OpenText™ Core Content, OpenText™ Extended ECM, and OpenText™ Documentum, enhancing automation and speed in content management workflows. This release empowers users to efficiently interact with content and extract knowledge in the cloud and on-premises. OpenText Content Aviator now expands its collaborative content capabilities to encompass high-quality video content, enabling conversion, streaming, annotation, and clipping directly within the platform, thereby improving workflow efficiency and user productivity.
Business Technology
- OpenText™ Thrust Studio, now available on general release, provides developers with a real-time digital assistant powered by generative-AI. On-demand support accelerates development processes by providing quick access to relevant code samples and API documentation within the Visual Studio environment, boosting application development and end-to-end productivity.
- OpenText™ Cloud for Government has achieved "fully authorized" status by the Federal Risk and Authorization Management Program (FedRAMP®) in
the United States for OpenText Extended ECM and OpenText™ AppWorks, joining OpenText™ Fortify on Demand and OpenText™ IT Management Platform (ITMX) on the FedRAMP marketplace. This authorization enables federal agencies to automate workflows, manage content throughout its lifecycle, and gain a comprehensive view of their content, all while ensuring robust security controls and compliance measures.
"At Uniper, we are investing in a significant IT transformation to accelerate our green energy efforts and provide our diverse customers with flexible, balanced, and bespoke solutions," said Hans Pezold, senior vice president of Information Technology and managing director at Uniper. "Partnering with OpenText, with their expertise in information management, cloud, and AI, was a natural fit because it allowed us to reduce resource consumption and administrative effort – a huge win for us. Working with OpenText is just the beginning of our digital transformation journey, and their forward-thinking approach to developing innovative suites of capabilities – whether that is cloud or AI - will be integral in further optimizing our processes and driving innovation forward."
Availability
As a part of the quarterly OpenText Cloud Editions releases, customers benefit from new AI capabilities every 90-days. For more information on availability or to join a beta program for future innovations, contact OpenText.
Additional Resources:
- For further insights into the latest release, please visit our Chief Product Officer's blog post.
- Learn more about OpenText's AI strategy.
About OpenText
OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's blog
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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
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FAQ
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