Prepress
Open Text Outlines Initial Product Plans to Extend ECM Leadership Following Captaris Acquisition
Tuesday 04. November 2008 - Adds Robust Document Capture Software and Expertise; Strengthens Partnerships with SAP, Oracle and Microsoft
Open Text(TM) Corporation (NASDAQ:OTEX)(NASDAQ:TSX:)(NASDAQ:OTC), a global leader in enterprise content management (ECM), today announced initial product plans following the acquisition of Captaris on Friday, including the key role Captaris will play in extending Open Text ECM solutions that manage documents from SAP and Oracle ERP systems. These solutions help customers lower costs and improve operations, important needs in today’s tough global economy.
Open Text announced the completion of the acquisition of Captaris on Friday. The acquisition furthers Open Text’s position as the ECM industry’s independent leader, broadening an already extensive suite of ECM capabilities and adding to Open Text’s deep “bench strength” in ECM expertise.
Captaris’s leading document capture solutions provide an “on ramp” for ECM by converting paper documents arriving by mail or fax to electronic form, so they can be managed online. Captaris offers leading capture technology that uses imaging, scanning and recognition technologies, plus classification and routing software that complements Open Text’s solutions. Using Captaris’s software, for example, a customer can automate the process of inputting information from thousands of paper invoices, and eliminate the inevitable errors and confidentiality issues involved when paper-based data has to be entered by hand. Captaris’s software will be integrated with Open Text’s ECM solutions that manage ERP-related content from SAP and Oracle systems.
“As customers look for ways to improve their operations in the current economy, we’re expanding our portfolio of solutions with Captaris that help customers make their most important business processes more efficient,” said John Shackleton, President and Chief Executive Officer at Open Text. “With Captaris, we can offer end-to-end management of content for customers’ SAP or Oracle systems, from the time a paper document comes in the door, until it’s processed online, and later archived. This lowers costs in a process like accounts payable by improving handling of problem invoices, reducing processing times, and allowing companies to better leverage on-time payment discounts.”
With Captaris, Open Text’s ECM solutions for ERP will also gain better and smoother integration with desktop applications from Microsoft, another strategic Open Text partner. Captaris offers document processing capabilities for Microsoft, including a new product that automatically exposes the contents of scanned documents in Microsoft Office SharePoint Server to search engines, making them easier to locate for business processes or e-discovery. Like Open Text, Captaris is a Microsoft Gold-Certified Partner and will add to Open Text’s leadership in delivering advanced ECM solutions for the Microsoft platform.
Captaris also offers Open Text an experienced team of professionals who will add to Open Text’s expertise in complex business processes in large organizations. “Captaris’s knowledgeable team of professionals is clearly an asset. Customers need more than just great software, they need vendors with experienced staff who can help them be successful with a solution. Customers who choose Open Text value our broad expertise and our singular focus on ECM,” said Shackleton.