OpenText ValueEdge23 increases speed-to-value for application development and delivery organizations in the OpenText Cloud

Rhea-AI Summary

OpenText (NASDAQ: OTEX) launched ValueEdge23, an advanced cloud-based DevOps and value stream management platform, on March 21, 2023. This new version enhances speed-to-value for CTOs by streamlining development processes and reducing delays. Key features include strategic planning for agile development, codeless quality testing, and real-world performance engineering. ValueEdge23 aims to transform customer experiences and increase competitiveness by optimizing digital value streams. The platform, recognized as a strong performer since its initial launch in March 2022, aligns with OpenText's acquisition of Micro Focus in January 2023.

Positive

• Launch of ValueEdge23 enhances cloud-based DevOps capabilities.
• Introduces features that improve speed-to-value and streamline planning.
• Recognized as a strong performer by Forrester Wave, boosting credibility.

Negative

• None.

AI-powered cloud platform features major new capabilities: Strategic Planning for an Agile World, Codeless Quality and Real-World Performance Engineering 

WATERLOO, ON, March 21, 2023 /PRNewswire/ -- OpenText (NASDAQ: OTEX), (TSX: OTEX) today launched the latest version of ValueEdge -- an innovative modular, cloud-based DevOps and value stream management (VSM) platform. ValueEdge23 includes new capabilities that build on the platform's existing functionality, enabling chief technology officers (CTOs) to accelerate speed-to-value eliminating the typical waiting, wasting and wondering in the development process.  

"In the world of digital, every company is becoming a software company but lacking the resources to get it done," said Muhi Majzoub, EVP and Chief Product Officer at OpenText. "ValueEdge23 is a platform and suite of DevOps tools to help businesses automate the whole digital value chain to get a smarter application to market faster. We are breaking new ground in the DevOps space, enabling organizations to develop and deliver software the right way." 

ValueEdge23 improves speed-to-value by increasing the flow of high-value change from development to production, where it earns money for the company, transforms customer experiences and improves competitiveness. It does this by making flow-metrics visible from across a digital value stream (DVS), enabling total quality through innovations in functional testing and performance engineering, streamlining the strategic planning process for use with agile development and integrating toolchains across the DVS, including continuous integration and continuous delivery (CI/CD).  

ValueEdge was first launched in March 2022 and already has quickly caught the attention of customers and industry analysts being named a *Strong Performer in *The Forrester Wave™: Value Stream Management.  

"OpenText's application testing and real-world Performance Engineering capabilities have been crucial for us at Discount Tire. I am excited about where OpenText is going with ValueEdge, their cloud-based DevOps and VSM platform. It will put that real-world Performance Engineering together with other breakthrough capabilities across the Digital Value Stream, all to accelerate the flow of value from demand to delivery," said Gary Desai, EVP & CIO, Discount Tire. 

ValueEdge23's major new capabilities include:  

• Strategic planning for an agile world - powered by the new ValueEdge Strategy module and ValueEdge Agile, this capability is designed for the continuous planning process demanded by today's agile development organizations. It features portfolio management and visualization, along with powerful investment prioritization capabilities and seamless integration to agile management.
• Codeless quality - powered by ValueEdge Functional Test, allows formerly manual testers to codelessly create automation and keep it resilient, meeting the CTO's need for greater test coverage.
• Real-world performance engineering - delivered by ValueEdge Performance and the other solutions in the Micro Focus LoadRunner family of software testing products, enables applications to be performance engineered, starting early in their lifecycle and anticipate real-world stresses. This is done by infusing performance engineering into the DevOps pipeline, including new Smart Analytics to provide insight into application change impacts in real-time and by modeling the true nature of the application under load.

The ValueEdge23 cloud-based platform also includes system services, analytics and dashboards and serves as a platform for a full complement of optional Acceleration Modules, such as ValueEdge Strategy and ValueEdge Functional Test. Pricing is available upon request. 

Today's ValueEdge23 launch announcement is in conjunction with the OpenText Application Delivery Virtual Summit. More information about ValueEdge23 and other OpenText Application Delivery Management products, along with the full Summit recordings, are available here. 

For further information, please visit: 

• Learn about ValueEdge.
• Explore OpenText Application Delivery Management.

*Source: The Forrester Wave™: Value Stream Management, Q4 2022 

Note: OpenText acquired Micro Focus on Jan. 31, 2023, including ValueEdge™. 

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. 

Connect with us:   
OpenText CEO Mark Barrenechea's blog   
Twitter | LinkedIn 

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 obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. 

Copyright © 2023 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. 

OTEX-G

View original content to download multimedia:https://www.prnewswire.com/news-releases/opentext-valueedge23-increases-speed-to-value-for-application-development-and-delivery-organizations-in-the-opentext-cloud-301776590.html

SOURCE Open Text Corporation

FAQ

What is ValueEdge23 by OpenText?

ValueEdge23 is a cloud-based DevOps and value stream management platform launched by OpenText on March 21, 2023, designed to enhance development processes.

What are the key features of ValueEdge23?

Key features of ValueEdge23 include strategic planning for agile development, codeless quality testing, and real-world performance engineering.

When was ValueEdge23 launched?

ValueEdge23 was launched on March 21, 2023.

What does the launch of ValueEdge23 mean for OpenText shareholders?

The launch of ValueEdge23 represents an advancement in product offerings, potentially leading to increased competitiveness and market share for OpenText.

What is the stock symbol for OpenText?

OpenText trades under the stock symbol OTEX on NASDAQ and TSX.