Open Text's Records Management Solutions Earn Highest Possible Rating In Leading Analyst Firm's Study

Open Text Corporation, a leading provider of Enterprise Content Management (ECM) software, said today that its records management solutions earned the highest possible rating — a "Strong Positive" — in Gartner, Inc.'s MarketScope for Records Management, 2005, co-authored by Kenneth Chin and Debra Logan. Released in December, the study covered solutions from 14 companies — Open Text was one of four to receive the highest possible rating.

The study provided a comprehensive look at the state of the market for records management solutions today. By 2008, the study says that 60 percent of all Global 2000 companies will implement enterprise-wide records management solutions, up from 20 percent in 2004, and that legal discovery needs will become the primary driver for records management. Gartner estimates that the worldwide records management market was $190 million in software license and maintenance revenue in 2004, and expects to see a five-year compound annual growth rate (CAGR) of 25 percent.

According to the report, "The future for records management is increased integration with e-mail active archiving, compliance and e-discovery applications. As records management requirements and the diversity of applications and content repositories expand, policy-driven records management will become the norm. Vendors that have a portfolio of ECM, e-mail archiving and compliance/discovery products will have a significant advantage over those that only have a stand-alone records management solution.

"We consider Gartner's analysis of the records management market to be dead-on — regulatory and legal requirements are continuing to drive records management among our customers," said Mark Portu, Vice President of Compliance Solutions at Open Text. "We are proud of the high rating we received in the report. We have continued to build our records management offering and integrate it with the systems in place at organizations today. Records management is imperative to the consistent application of rules across e-mails and documents in many different systems — which is critical for compliance and risk management in today's global organizations."

Open Text's records management solutions offer fundamental capabilities to manage compliance in global organizations. The solutions can be integrated with Open Text's content archiving and search capabilities to provide comprehensive, compliance driven retention and disposition rules to content across the enterprise, and to support legal discovery. Open Text's solutions can extend records management to content in Microsoft SharePoint Portal Server 2003, e-mail systems, such as Microsoft Exchange and Lotus Domino, and more. Customers can use Open Text's records management solutions with multiple storage platforms from EMC, Hitachi Data Systems, StorageTek, Network Appliance, HP, Sun Microsystems and IBM.

Open Text's records management solutions are among the industry's most advanced and widely tested records management offerings. Open Text's solutions are certified under the U.S. Department of Defense's 5015.2 certification program, an important qualification for records management solutions used by U.S. Federal agencies, and also considered important among corporate buyers. The solutions were the first to receive Chapter 4 Classified Records certification from the Department of Defense. The solutions have also been approved by the UK Government's National Archives electronic records management systems (ERMS) program.

For a full copy of the report, go to www.gartner.com.

For more information on Open Text's records management solutions, go to: www.opentext.com/solutions/platform/records-management.

About Open Text
Open Text is a leading independent provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com.