Open Text Acquires PSSoftware
Open Text Broadens Document Management Capabilities with Records Management Pioneer
Waterloo, on. ? August 26, 1999 ? Open Text Corporation (NASDAQ:OTEX; TSE:OTC) today announced it has acquired all of the shares in PSSoftware© Solutions Ltd. (PSS). PSSoftware, located in Ottawa, is one of the original records management companies.
"The agreement with PSSoftware will broaden our document management capability by providing Livelink© users with more advanced records management, for full life cycle management of electronic documents," says Tom Jenkins, Chief Executive Officer of Open Text Corporation. "With this acquisition, we are pleased to join the Canadian Government?s RDIMS project specifications through PSS. We believe Livelink will bring significant enhancements to this application, as well as other applications presently delivered by PSS to its customers."
"Our integration with Open Text is a major opportunity for PSS customers. It brings records management into the mainstream of technology and provides the large-scale capabilities that our clients are looking for." says David Gibbard, Chief Executive Officer of PSSoftware.
As part of the merger, Open Text will create a records management division led by David Gibbard.
PSSoftware, a leader in records management for more than 14 years, has pioneered many of the concepts and standards for document life cycle management in existence today. PSSoftware has more than 12,000 users in more than 250 installations throughout North America and Europe.
About PSSoftware
With an international client base of more than 12,000 corporate and government users, PSSoftware (http://www.pssoft.com) has proven itself to be an industry-leading provider of integrated records management solutions. PSSoftware?s solutions add value to corporate information by managing the risk associated with increased audit, regulatory and litigation pressures. PSSoftware supports its clients through a dedicated team of sales and technical professional and through a network of partners who provide value added solutions based on RIMS?.
About Livelink
Livelink is a highly scaleable, collaborative knowledge management application for intranets and extranets. Livelink's richly-featured enterprise document management, virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services are tightly integrated into an off-the-shelf application that is easily customized and extended to fill a broad range of information and knowledge management needs. Livelink servers are fully Web-based and open-architected to ensure very rapid deployment, requiring just a standard Web browser on users' desktops to access its full functionality. Livelink runs on Microsoft Windows NT© and the leading UNIX platforms and supports most popular relational database management systems.
About Open Text
Open Text Corporation?s software and services enable the world?s largest companies to move "Toward HyperInnovation"? by leveraging the global reach and openness of collaborative intranet, enterprise and extranet applications. Open Text has a worldwide installed base of 3 million users in 3,600 corporations. Open Text?s dramatic growth has been fueled by the rapid market acceptance of its innovative collaborative knowledge management system, Livelink. The company has been named the growth leader by the Delphi Group and the market share leader by International Data Corporation. Further information about the company, its products and services, and its partners and customers can be found at opentext.com.
Release Disclaimer
Copyright ¸ 1999 by Open Text Corporation. Livelink is a registered trademark, and Open Text and HyperInnovation are trademarks of Open Text Corporation. PSSoftware is a registered trademark and RIMS is a trademark of PSSoftware Ltd.
Press Contact
Margaret E. Dobbin
Public Relations & Investor Relations Manager
Open Text Corporation
Phone: (519) 888-7111
E-mail: mdobbin@opentext.com
Sarah Burns
High Road Communications
Phone: (416) 368-8348
E-mail: sburns@highrd.com
Investor Relations
Margaret E. Dobbin
Public Relations & Investor Relations Manager
Open Text Corporation
Phone: (519) 888-7111
E-mail: mdobbin@opentext.com
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