Company named a Leader for the third time
WATERLOO, ON, Jan. 17,
2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX),
(TSX: OTEX), the information company, today announced it has been
named a Leader in the IDC MarketScape: Worldwide Multi-Enterprise
Supply Chain Commerce Network (MSCCN) 2023 Vendor Assessment (doc
#US49948423, December 2023) for the
third time.
According to the IDC MarketScape report, "The OpenText portfolio
includes powerful AI and ML capabilities that are being integrated
in Trading Grid to provide actionable insights to help
optimize supply chain processes and improve business
performance."
"In an era of volatile supply chains, having a trusted vendor is
crucial for businesses today," said Simon
Ellis, Program Vice President at IDC. "OpenText provides
cloud-based integration tools with extensive 'Business to Anything'
capabilities. Through genuine partnerships and resource extension,
OpenText's offerings ensure seamless supply chain management,
enabling strategic and sustainable business growth."
The report specifically noted the following about OpenText:
- Strong integration capabilities across different types of
technical requirements around connectivity and data formats,
including regional and industry variants and standards and
digitalization of any supply chain data exchange. This is an
advantage, particularly with customers that have global operations
and need to support supply chain operations in various countries
and regions.
- A high degree of flexibility in solution design and
configurable functionality while leveraging reusable components.
Owing to the delivery model of combining proprietary technology
with managed services, they also include custom elements to deliver
the specific functionality customers seek. When out-of-box
capabilities are not enough to meet the customer's requirements,
they often have a significant advantage over the competition due to
this reason.
- Particularly the visibility capabilities of Lens are highly
appreciated by business and technical users and are a
key differentiator for OpenText regarding the core B2B
integration capabilities and user experience.
- Diversity of their extended MSCCN portfolio. OpenText is a
large organization with a broad range of information management
products, which have been leveraged in developing their solution
capabilities. The breadth of tools enables building highly
connected and automated capabilities to digitize supply chain
processes to support supply chain transformation and expand
collaboration with their ecosystem partners. The OpenText portfolio
also includes powerful AI and ML capabilities that are being
integrated to Trading Grid to provide actionable insights to help
optimize supply chain processes and improve business
performance.
"This recognition from IDC reflects our unwavering commitment to
transform the business network landscape," said Sandy Ono, EVP & Chief Marketing Officer at
OpenText. "This marks our third time as a Leader, reaffirming our
commitment to fostering smarter and more resilient supply chains.
For our customers, this achievement symbolizes not only our
leadership; it's an assurance that partnering with us means
stepping into a future where they are backed by a leading solution
provider offering innovative and reliable solutions."
"Amidst global supply chain disruptions, adopting integrated,
cloud-based networks becomes crucial for flexible operations.
Establishing a smarter digital backbone linking internal and
external enterprises is essential for a successful AI strategy—an
imperative every company should prioritize," said Ted Harrison, EVP of Enterprise Sales at
OpenText. "OpenText provides a modern cloud integration environment
designed to empower businesses to propel new AI strategies. This
platform extracts actionable insights, aiding businesses in
optimizing their supply chain operations.
OpenText Business Network operates a secure, unified
platform that integrates people, systems and things across the
supply chain. Over 1.1 million pre-connected trading partners
collaborate within this network, exchanging an impressive 33
billion transactions collectively valued at $12 trillion. Beyond automating internal and
external processes for enhanced efficiency, businesses can also
harness a robust suite of cloud applications. These tools
facilitate seamless collaboration and visibility across the supply
chain, empowering participants to manage access to information and
applications through advanced identity and access management
features within the business ecosystem.
Click here to download a complementary excerpt from the
report.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an
overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor's position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
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.
OTEX-G
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SOURCE Open Text Corporation