OpenText Named as a Leader in Gartner Magic Quadrant for Content Services Platforms
WATERLOO, Ontario, Oct. 30, 2018 /CNW/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced that it has been positioned as a Leader in Gartner's 2018 Magic Quadrant for Content Services Platforms.
"OpenText's vision for the intelligent and connected enterprise is rooted in our longstanding market leadership in Content Services. As companies embrace the power of AI, automation and IoT, the value and volume of data and content are rapidly increasing," said Mark J. Barrenechea, Vice Chair, CEO and CTO, OpenText. "OpenText has been investing heavily in this vision and our customers continue to benefit from our investment in cloud, our vibrant partner ecosystem, and our continued commitment developing new and innovative applications."
According to the Gartner report, "The worldwide content services software revenue totaled $9.6 billion in 2017 (up from $8.4 billion in 2016). The overall market grew 15.7% in U.S. dollars in 2017 (down from 16.0% in 2016)."
The report also notes that "Content services sold as stand-alone, on-premises products are a declining portion of the market, because packaging — with other products in a suite, or with digital transformation services — has been the more successful sales approach."
Mark J. Barrenechea continued, "We believe that Gartner's survey of this market is an important moment to reflect on this changing sector and this year is no different. As one of the most trusted industry analyst firms globally, we feel that this continued recognition from Gartner is an enormous point of pride for OpenText, our employees and our partners."
This is the second consecutive year that OpenText has been positioned as a Leader for Content Services Platforms. The company was also named a Leader in the Gartner Magic Quadrant for Enterprise Content Management for twelve consecutive years.
Part of the OpenText EIM platform, OpenText Content Services help organizations readily access critical business content - when, where and how it is needed. OpenText enables organizations to connect content to their digital business to accelerate productivity, improve governance, and drive digital transformation.
Click here to download a complimentary copy of the report.
*Gartner, Magic Quadrant for Content Services Platforms, Karen Hobert, Michael Woodbridge, Monica Basso, 25 October, 2018. This report was previously titled the Magic Quadrant for Enterprise Content Management.
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About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
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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 obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Open Text Corporation
Ryan Hill, OpenText, 416-524-6794, [email protected], http://www.OpenText.com
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