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Support for Early Case Assessment of Electronically Stored Information Extended to Open Text eDOCS Solution; Helps Legal Industry Address eDiscovery Issues
LEGALTECH 2009, NY, Feb. 3 /PRNewswire-FirstCall/ -- Open Text (NASDAQ: OTEXNASDAQ:TSX:NASDAQ:OTC), a global leader in Enterprise Content Management (ECM) software, today announced that it has extended its new eDiscovery solution to its Open Text eDOCS customers. Now organizations, particularly corporate legal departments, will be able to significantly minimize the need for third-party processing and control the high costs of legal reviews by culling irrelevant information.
Launched in December (http://www.opentext.com/2/global/press-release-details.html?id=2154), Open Text eDiscovery Early Case Assessment is being offered through a strategic relationship with Recommind, the leader in search-powered information risk management (IRM). The solution combines Recommind's Insite Legal Hold application with the Open Text ECM Suite. The combination not only addresses the critical need for eDiscovery in an age of growing regulatory and legal challenges, it also lets customers tightly integrate eDiscovery within their broader ECM initiatives. Open Text eDOCS customers will gain expanded eDiscovery capabilities woven into their overall content, records and email management practices.
"This announcement furthers our commitment to Open Text eDOCS customers and expands on our leadership within the legal industry," said Kirk Roberts, EVP & President, Integrated ECM Group at Open Text. "Additional eDiscovery support meets a critical need for law firms and corporate legal departments to be able to assess, collect, preserve and process electronically stored information that resides in Open Text eDOCS, which is often an organization's system of record."
"Extending the functionality of the Early Case Assessment solution to include Open Text eDOCS is a key development in addressing the need to minimize information risk and increase litigation and investigatory efficiency for many companies," said Robert Tennant, CEO of Recommind. "This is a natural extension of the Open Text eDOCS search capabilities we developed for our MindServer Search customers and an important next step in our Open Text partnership to deliver the Early Case Assessment solution to a wider range of enterprises and offer our current and prospective customers new levels of speed and accuracy for their data management and eDiscovery initiatives."
Open Text is a leading global provider of ECM solutions for law firms. The company offers a full range of applications and legal industry expertise to support law firms' business practices and proactive compliance needs throughout the matter lifecycle - from client intake through to final disposition. Currently, 70 percent of the AmLaw 100 firms are using Open Text's content management solutions.
The announcement was made at LegalTech 2009 being held this week in New York City at the Hilton New York Hotel. Open Text is exhibiting in booth # 2306. For more information on Open Text's legal market solutions, go to: http://www.opentext.com/2/global/sol-industry/sol-ind-legal.htm.
For more information on Open Text eDiscovery Early Case Assessment, please visit: http://www.opentext.com/2/global/sol-products/sol-pro-compliance-governance/pr o-ediscovery-early-case-assessment.htm
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 50 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts(TM) to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit http://www.opentext.com/.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995
This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Open Text ECM Suite and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2008. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (C) 2009 by Open Text Corporation. OPEN TEXT and Open Text eDiscovery Early Case Assessment are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
DATASOURCE: Open Text Corporation
CONTACT: Richard Maganini, Open Text Corporation, (847) 267-9330
ext.4266, ; Stephanie Dodge Fazio, Open Text Corporation,
(519) 888-7111, x2429, ; Brian Edwards, McKenzie Worldwide,
(503) 577-4583,